Salaried Savings Plan definition

Salaried Savings Plan means the American Axle and Manufacturing, Inc. Salaried Savings Plan, as such plan is amended from time to time.
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Salaried Savings Plan shall have the meaning set forth in Section 6.6(l)(i).
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Salaried Savings Plan means the International Paper Company Salaried Savings Plan.
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Examples of Salaried Savings Plan in a sentence

  • Among other claims, Plaintiffs specifically alleged that Defendants violated ERISA by including certain investment options that were managed imprudently or that charged excessive fees as investment vehicles in the Lockheed Xxxxxx Corporation Hourly Employee Savings Plan Plus (“HSP”) and the Lockheed Xxxxxx Corporation Salaried Savings Plan (“SSP”) (collectively “the Plans”), and by paying excessive fees to the Plans’ recordkeeper.

  • Your legal rights might be affected if you are a member of the following class or sub-classes: Recordkeeping Class: All participants and beneficiaries of the Lockheed Xxxxxx Corporation Salaried Savings Plan (“SSP”) and the Lockheed Xxxxxx Corporation Hourly Employee Savings Plan Plus (“HSP,” together with SSP, the “Plans”) from September 11, 2000 through December 22, 2008, excluding employees of Lockheed Xxxxxx Corp.

  • The Corporation elected to adopt, effective January 1, 1994, the American Institute of Certified Public Accountants (AICPA) Statement of Position (SOP) No. 93-6, "Employers' Accounting for Employee Stock Ownership Plans," to account for the Employee Stock Ownership Plan (ESOP) feature Lockheed Xxxxxx Corporation Notes to Consolidated Financial Statements (Continued) of the Lockheed Salaried Savings Plan.

  • After the Time of Distribution, each Active Rockwell Science Center Employee who participated in the Rockwell Salaried Savings Plan prior to the Time of Distribution will be permitted to transfer his or her account balances from the Rockwell Salaried Savings Plan to the Rockwell Science Center Salaried Savings Plan in accordance with the terms of the respective plans and applicable law.

  • Effective as of the Time of Distribution, each Active Rockwell Xxxxxxx Employee and each Active Rockwell Science Center Employee will cease to be eligible to 35 <PAGE> 39 contribute to, or receive contributions in respect of, his or her Rockwell Salaried Savings Plan accounts.

  • As of the Time of Distribution, Rockwell Science Center will have established, and will cover the Active Rockwell Science Center Employees who participated in the Rockwell Salaried Savings Plan prior to the Time of Distribution under, a defined contribution plan (the "Rockwell Science Center Salaried Savings Plan"), which will be qualified under Sections 401(a) and 401(k) of the Code, and will have established a related trust which will be exempt from taxation under Section 501(a) of the Code.

  • A leveraged ESOP incorporated into the Lockheed Salaried Savings Plan (401(k)) (see Note 11) borrowed $500 million through a private placement of notes in 1989.


More Definitions of Salaried Savings Plan

Salaried Savings Plan means the American Axle and Manufacturing, Inc. Salaried Savings Plan.
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Salaried Savings Plan means the National Wire Products Tax Incentive Savings Plan for Salaried Employees.
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Salaried Savings Plan. The Salaried Savings Plan is intended to be qualified within the meaning of section 401 of the Internal Revenue Code of 1986, as amended (the "Code"), and the Seller has received a determination letter from the Internal Revenue Service (the "Service") to the effect that the Salaried Savings Plan is qualified and exempt from Federal income taxes under sections 401(a) and 501(a), respectively, of the Code; this determination letter has not been revoked, and, to the knowledge of the Seller, revocation has not been threatened; and the Salaried Savings Plan has not been amended since the effective date of its most recent determination letter in any respect that might adversely affect its qualification or exempt status. The Salaried Savings Plan has been maintained and administered in all material respect in compliance with the applicable provisions of the Code relating to qualified plans. The Seller has delivered to the Purchaser a copy of the most recent determination letter received with respect to the Salaried Savings Plan, along with a copy of any pending application for a determination letter. The Seller has also provided the Purchaser with all amendments to the Salaried Savings Plan made since the most recent favorable determination letter.
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Related to Salaried Savings Plan

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

  • 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.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • 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;

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

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

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • 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.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Health benefits plan means a benefits plan which pays or

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • 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.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • Salary reduction plan means a benefit plan whereby state and

  • Retirement fund means the "Washington law enforcement

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.