Examples of Recognized Compensation in a sentence
If a Participant is employed by more than one Employer in a Plan Year, a separate amount of Recognized Compensation shall be determined for each Employer.
A Participant’s Recognized Compensation shall be considered attributable to the period in which it is actually paid and not when earned or accrued.
Remuneration paid by the Employer for employment that is not Recognized Employment shall not be taken into account in determining a Participant’s Recognized Compensation.
Remuneration paid by the Employer attributable to periods prior to the date the Participant became a Participant in the Plan shall not be taken into account in determining the Participant’s Recognized Compensation.
Amounts received after the Participant’s termination of employment shall not be taken into account in determining a Participant’s Recognized Compensation.