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.
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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.
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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.
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Examples of Retirement Plan Compensation in a sentence

  • In addition to the amounts set forth above, at the end of each Plan Year or pay period, as applicable, the Employer of an Active Participant who is a Choice 2 Participant shall credit to the Active Participant’s Employer Contribution Account an amount equal to the portion of the Active Participant’s Retirement Plan Compensation that exceeds the Tax Limits multiplied by the applicable Basic and Performance Contribution percentages applicable to such Active Participant under the S-CAP.

  • 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").

  • An Employee's "Excess Compensation" for any year shall be the difference between his Total Compensation and his Retirement Plan Compensation for that year.

  • 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").

  • An Employee's "Retirement Plan Compensation" for a year shall be the same as his Compensation for that year under the Retirement Plan as then written.

  • An Employee who will be a Choice 2 Participant shall be eligible to participate, solely for purposes of being credited with Basic and Performance Contributions, in the first Plan Year in which his or her Retirement Plan Compensation exceeds the limitation of Code §401(a)(17).

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

  • An Employee's "Total Compensation" for a year shall be the same as his Retirement Plan Compensation for that year, except that (1) the portion (if any) of an Employee's bonus for the year in excess of 30% of base pay for the year shall not be included and (2) the dollar limitation required by Internal Revenue Code Section 401(a)(17) to be imposed on Retirement Plan Compensation shall be ignored.

  • 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.
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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.

  • 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.

  • 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 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 3.11(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, 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

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

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.