Recognized Compensation definition

Recognized Compensation means, for the period in which such amounts are paid, Recognized Compensation as defined under the 401(k) Plan (as amended from time to time); provided, however, that in determining a Participant’s Recognized Compensation for purposes of this Plan there shall be included: (i) deferrals under the Nonqualified Deferred Compensation Plan to the extent that such compensation would have been recognized as Recognized Compensation under the 401(k) Plan in the Plan Year that it would have been paid had there been no deferral, and (ii) compensation that would have been recognized as Recognized Compensation under the 401(k) Plan for the Plan Year in which paid without regard to the dollar limitation in effect under section 401(a)(17) of the Code.

Recognized Compensation means the dollar limitation pursuant to Section 402(g) of the Code for this Plan Year divided by seven percent (7%), or such other percentage determined by the Committee in its sole discretion.

Recognized Compensation for purposes of Alliant's qualified and non-qualified employee benefit plans.

Examples of Recognized Compensation in a sentence

• 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.

• 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.

• 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.

• A Participant’s Recognized Compensation shall be considered attributable to the period in which it is actually paid and not when earned or accrued.

• Amounts received after the Participant’s termination of employment shall not be taken into account in determining a Participant’s Recognized Compensation.

More Definitions of Recognized Compensation

Recognized Compensation means wages within the meaning of Section 3401(a) of the Code for purposes of federal income tax withholding at the source but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2) of the Code) and paid to the Participant by the Employer for the applicable period; subject, however, to the following:

Recognized Compensation means the base salary for the year to which a Participant is entitled.

Recognized Compensation means the annual base salary in effect on the records of the Bank as of the January 1 for the Plan Year to which a Participant is entitled.

Recognized Compensation for purposes of Alliant's qualified or non-qualified employee benefit plans. You will NOT be a participant in the Alliant Management Incentive Plan for the fiscal year beginning April 1, 1998 or thereafter.

Recognized Compensation means compensation as defined in Code Section 415(c)(3), including amounts that are contributed pursuant to a salary reduction agreement and which are excludible from the Employee’s gross income under Code Sections 125, 402(a)(8), 401(h), or 403(b) or 132(f). Recognized Compensation shall be limited to $150,000, as adjusted by the Secretary of the Treasury to include cost-of-living increases under Code Sections 401(a)(17) and 415(d).

Recognized Compensation generally means all wages, salary and other compensation (before income and Social Security withholding taxes) paid to you by your employer while you are a participant in this Plan. Recognized Compensation includes any amounts that would have been paid to you if you were not making before-tax contributions to this Plan or any other retirement plan or to any “cafeteria” plan of the employer.

Recognized Compensation of a Participant means, for a Plan Year, the lesser of: (a) the Participant’s Recognized Compensation Cap (as hereinafter defined) for such Plan Year and