Reportable compensation definition

Reportable compensation means compensation earnable as that term is defined in RCW 41.37.010(6).
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Reportable compensation means compensation reported on Form W-2, in Box 1 or Box 5 (whichever is larger). As noted above, the amounts required to be reported in Box 1 generally are the same as FITW wages, although there are some differences.91 For example, the instructions to Form W-2 specifically require benefits under a section 457(f) plan to be reported in Box 1 when they vest. The amounts required to be reported in Box 5 are wages subject to Medicare taxes. A major difference between Box 1 and Box 5 is that Box 5 includes elective deferrals to qualified plans and nonqualified deferred compensation subject to section 3121(v)(1) and (2), respectively, even if they are not subject to section 457(f).
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Reportable compensation means compensation from recipient for-profits and related or affiliated entities, including, but not limited to, base compensation, bonus and incentive compensation, and other nontaxable benefits, as reported on any of the following:
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Examples of Reportable compensation in a sentence

  • Reportable compensation generally refers to compensation reported on Form W-2, box 1 or 5 (whichever amount is greater); and Form 1099-MISC, box 7.

  • Reportable compensation includes cash and the value of noncash items provided by a third party to a director for services rendered by the director on behalf of the reporting Farm Credit institution.

  • Reportable compensation generally refers to compensation reported on Form W-2, box 1 or 5 (whichever amount is greater); and Form 1099-MISC, boxes 6 and 7.

  • Example.Organization X provides the following compensation to its current officer:$110,000 Reportable compensation (including pre-tax employee contributions of $5,000 to a qualified defined contribution retirement plan and $2,500 to a qualified health benefit(Form 990), including the dependent care, group life, and tuition assistance items, even though these items would not have to be reported as other compensation in Form 990, Part VII.Disregarded benefits.

  • Duty 1General Summary of Duty 1 % of Time 35 EXAMINER-IN-CHARGE (EIC)Perform as EIC of the on-site examination and ongoing supervision of state-chartered banking organizations, including those that are complex, to determine: safety and soundness; overall financial condition; and compliance with state and federal laws, regulations, and guidance.Individual tasks related to the duty.• Direct a high number of professional examiners in a complex on-site work environment.

  • Reportable compensation generally refers to compensation reported in box 1 or 5 (whichever amount is greater) of Form W-2, Wage and Tax Statement; box 1 of Form 1099-NEC; and box 6 of Form 1099-MISC.

  • Reportable compensation is subject to retirement sys- tem contributions and is used in the calculation of your retire- ment benefit.(1) The department determines whether payments you receive are reportable compensation based on the nature of the payment, not the name of the payment.

  • Name and title of each employeeN/A(b) Average hours per week devoted toposition(c) Reportable compensation (FormsW-2/1099-MISC)(d) Health benefits, contributions to employee benefit plans, and deferredcompensation(e) Estimated amount of other compensation50 Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees, and key employees) who each received more than $100,000 of compensation from the organization.

  • Reportable compensation is subject to retirement sys-tem contributions and is used in the calculation of your retire- ment benefit.(1) The department determines whether payments you receive are reportable compensation based on the nature of the payment, not the name of the payment.

  • Reportable compensation is subject to retirement system contributions and is used in the calculation of your retirement benefit.(1) The department determines whether payments you receive are reportable compensation based on the nature of the payment, not the name of the payment.

Related to Reportable compensation

  • Creditable compensation means the full compensation payable annually to an employee working

  • Earnable compensation means the full rate of the

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, compensation that is consistent with the normal compensation for such officer or employee for work that is not furnished to, not funded by, or not furnished in cooperation with the Federal Government.

  • Final compensation of a member means:

  • Section 415 Compensation means:

  • Average final compensation means the average annual creditable compensation of a member during

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Basic Compensation means Salary and Benefits.

  • 415 Compensation means:

  • Annual Compensation means an amount equal to the greater of:

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.