Regular Earnings definition

Regular Earnings means straight-time wages or salary paid to a Participant by any entity within the Employer Group for working a regular work schedule or for a leave of absence with pay, and shall include any amount that is contributed to any employee benefit plan on behalf of the Participant by any entity within the Employer Group under a salary reduction agreement entered into pursuant to such plan and that is excluded from the Participant’s gross income under section 125, 132(f), or 402(g) of the Code.
Regular Earnings or “regular pay” means an Employee’s rate of pay, not including any overtime, monies paid in lieu of holidays, allowances or any other monies paid in addition to hourly wages;
Regular Earnings. An employee’s regular weekly earnings according to their regular work schedule, which includes overtime that is regularly scheduled as part of the regular shifts. If the employee is working a continental shift schedule (48 & 36), the employee’s regular earnings will be computed by taking an average of the gross earnings of a regular two (2) week schedule as part of their regular continental shift.

Examples of Regular Earnings in a sentence

  • Shall apply to Part Time Employees, however the "top-up" provisions of Pregnancy Leave and Adoption Leave (wherein an Employee will receive the difference between their EI Weekly Benefit Rate and seventy-five (75%) percent of the Employee’s Regular Earnings) shall only apply to Regular Part Time Employees.

  • The term “Excess Regular Earnings Deferrals” means the portion of a Member’s Excess Regular Earnings that the Member elects to defer under the terms of the Plan.

  • Regular Earnings The per diem compensation received by a Teaching Staff Member, excluding supplemental and extended time compensation, while working on the regular school day assignment.

  • The Employer Accrual shall be credited as soon as practicable following the payroll period for which the Excess Regular Earnings Deferrals are made.

  • The governmental fund financial statements are prepared on the modified accrual basis of accounting with only current assets and liabilities included on the balance sheet.


More Definitions of Regular Earnings

Regular Earnings means for any Plan Year the sum of (1) the regular base pay and bonuses received by a Member, as established by an Employer, plus the Member's overtime pay, premium pay, and call-in/call-back pay, but excluding Christmas gifts, allowances, contest awards, remuneration received in the form of salary continuance or lump sum severance by a Member while no longer providing services to an Employer and other similar payments and (2) any amount which is contributed by a Member's Employer on behalf of the Member pursuant to a salary reduction agreement and which is not includible in gross income under sections 125, 402(e)(3), 402(h) or 403(b) of the Code. With respect to each Plan Year -commencing after December 31, 1988 and prior to January 1, 1994, a Member's Regular Earnings shall not include any amounts in excess of $200,000 (as adjusted by the Secretary of the Treasury, or his delegate, at the same time and in the same manner a s under section 415(d) of the Code to reflect cost of living increases).
Regular Earnings means compensation for services rendered at your regular rate of pay and excludes benefits that might be included in your income as reflected on your T4 form, prior bonuses or other incentive pay of any kind;
Regular Earnings means for any Plan Year the sum of (1) the base pay and bonuses received by a Member, as established by an Employer, plus the Member's overtime pay, premium pay, call-in/call-back pay and vacation pay, but excluding contest awards, remuneration received in the form of salary continuance or lump sum severance by a Member while no longer providing services to an Employer and other similar payments and (2) any amount which is contributed by a Member's Employer on behalf of the Member pursuant to a salary reduction agreement and which is not includible in gross income under sections 125, 132(f)(4), 402(e)(3), 402(h) or 403(b) of the Code. A Member's Regular Earnings shall not include any amounts in excess of $210,000 as adjusted for cost-of-living increases in accordance with section 401(a)(17)(B) of the Code.
Regular Earnings means straight-time wages or salary paid to a Member by any entity within the Affiliated Group for working a Regular work Schedule or for a leave of absence with pay, and shall include the straight-time portion of amounts paid for regularly scheduled overtime and any amount that is contributed to any employee benefit plan on behalf of the Member by any entity within the Affiliated Group under a salary reduction agreement entered into pursuant to such plan and that is excluded from the Member’s gross income under §§ 125, 132(f), or 402(a)(8) of the Internal Revenue Code. Notwithstanding the foregoing, if the Plan is applicable to Members employed by PLEXCO Inc. or by the PLEXCO division of Chevron Chemical Company, “Regular Earnings”, shall include PLEXCO-specific incentive compensation. Such Incentive compensation shall be deemed paid in equal monthly installments over the period for which it is awarded.
Regular Earnings. An employee’s regular weekly earnings according to their regular work schedule, which includes overtime that is regularly scheduled as part of the regular shifts.
Regular Earnings means the monies earned for the regular hours of work of an Employee paid at the Basic Rate of Pay.
Regular Earnings means straight-time wages or salary paid to a Participant by any entity within the Affiliated Group for working a regular work schedule or for a leave of absence with pay, and shall include any amount that is contributed to any employee benefit plan on behalf of the Participant by any entity within the Affiliated Group under a salary reduction agreement entered into pursuant to such plan and that is excluded from