Retirement Plan Compensation definition

Retirement Plan Compensation means Retirement Plan Compensation as defined in the S-CAP for purposes of determining a Choice 2 Participant’s Basic and Performance Contributions, but without regard to any limits on includible compensation imposed by the Tax Limits.
Sample 1Sample 2Sample 3
Retirement Plan Compensation means compensation used for purposes of determining the amount of benefits under the Retirement Plan. Any capitalized terms used in the Plan that are defined in the documents comprising the Retirement Plan have the meanings assigned to them in the Retirement Plan, unless such terms are otherwise defined above in this Article or unless the context clearly indicates otherwise.
Sample 1Sample 2
Retirement Plan Compensation means amounts paid or payable by the Employer to an Eligible Employee as "compensation" for the Plan Year, as defined under the Retirement Plan. Without limiting the generality of the foregoing, the limitations imposed by Code Section 401(a)(17) do not apply to Retirement Plan Compensation, as defined under the Retirement Plan.
Sample 1

Examples of Retirement Plan Compensation in a sentence

  • The benefit that the Participant would have received under the Retirement Plan if (1) Total Compensation rather than Retirement Plan Compensation were used to calculate his Accrued Benefit with respect to each year of participation in the Retirement Plan, and (2) the annual benefit limitations under Code Section 415 did not apply.

  • Silverleaf hereby agrees to pay to the Executive additional compensation equal to twelve percent (12%) of the Executive's Base Compensation, effective as of August 1, 2000, with the payments being paid to the Executive in semi-monthly payments at the same time as Silverleaf's regular payroll payments and the first payment being due for the semi-monthly period ending August 15, 2000 (the "Supplemental Executive Retirement Plan Compensation").

  • The failure of the Executive to comply with the terms of this Section or the Executive's failure to maintain the Executive Investment Fund in whole or in part shall automatically eliminate any obligation on the part of Silverleaf to pay any additional Supplemental Executive Retirement Plan Compensation under this Agreement to the Executive.

  • The Executive hereby agrees to invest and maintain the after-tax proceeds of the Supplemental Executive Retirement Plan Compensation in a separate fund in the Executive's name to provide funds for the Executive's future retirement (the "Executive Investment Fund").

  • Any Employee (i) who participates in the Retirement Plan and whose benefits under the Retirement Plan are limited by the Code Limitations or (ii) who has his Retirement Plan Compensation reduced pursuant to nonqualified deferred compensation plans sponsored by the Participating Employers is eligible to participate in the Plan.

  • The Retirement Plan Compensation Committee is composed of employees of the Company.

  • The amounts allocated to a Participant's Account under this Section 4.4 are based on the basic, variable and matching contribution rates under the Retirement Plan and the Employee's Retirement Plan Compensation that exceeds the limits of section 401(a)(17) of the Code, and interest thereon, as provided below.

  • Participants eligible to receive an allocation under this Section 4.4 are those Participants whose Retirement Plan Compensation for a calendar year exceeds the limitations under section 401(a)(17) of the Code.


More Definitions of Retirement Plan Compensation

Retirement Plan Compensation means "compensation" as defined in the Retirement Plan, without reduction for deferrals of compensation under that plan and without regard to the limit on compensation under section 401(a)(17) of the Code. "Retirement Plan Compensation" does not recognize Compensation that is deferred under this Plan.
Sample 1

Related to Retirement Plan Compensation

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • 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).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Retirement fund means the "Washington law enforcement

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Basic Compensation means Salary and Benefits.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Final compensation of a member means:

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • 415 Compensation means:

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

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

  • Retirement program means a program of rights and obligations which a county, city, village, or township establishes, maintains, or participates in and which, by its express terms or as a result of surrounding circumstances, does 1 or more of the following: