Specified Plan definition

Specified Plan refers to a Plan for a disabled person and means a specified plan as defined in subsection 146.1(1) of the Tax Act;

Specified Plan means an education savings plan:

Specified Plan means the Salaried Plan or a nonqualified pension plan similar to this Plan. A nonqualified pension plan is similar to this Plan if it is sponsored by a member of the PepsiCo Organization and if its benefits are not based on participant pay deferrals.

Examples of Specified Plan in a sentence

• The Subscriber(s) shall designate in the Application the termination date of the Plan (the "Termination Date"), which shall not be later than the last day of the thirty-fifth (35th) year (fortieth (40th) year in the case of a Specified Plan) following the year in which the Plan is entered into.

• If a Participant dies before beginning distributions, or dies after beginning distributions but before receiving distribution of his entire Termination Benefit or Specified Plan Year Benefit, if applicable, the Participant’s Termination Benefit or Specified Plan Year Benefit elected for each Plan Year’s Deferrals will be paid to the Participant’s Beneficiary(ies) according to the payment method(s) and at the time(s) elected by the Participant.

• This Plan may be treated as a Specified Plan, in which case a term of this Plan is that, at all times after the end of the 35th year after the Plan was entered into, no other individual may be designated as a beneficiary.

• The present value of all vested accrued benefits under the Specified Plan did not, as of the most recent valuation date for each such plan, exceed the then current value of the assets of such Employee Benefit Plan allocable to such benefits by more than $7,500,000.

• Further, any subsequent election with respect to a Specified Plan Year Benefit under Section 4.2 may not be made less than twelve (12) months prior to the date of the scheduled payment to which it relates.

More Definitions of Specified Plan

Specified Plan means that certain Multiemployer Plan identified as the “Specified Plan” in Section 4.14(g) of the Disclosure Schedule.

Specified Plan means the defined benefit pension plan covering eligible employees of Hernando HMA, Inc.

Specified Plan means an education savings plan: a) that does not allow more than one beneficiary under the plan at any one time; b) under which the beneficiary is an individual in respect of whom paragraphs 118.3(1)(a) to (b) of the Income Tax Act (Canada) apply for the beneficiary’s taxation year that ends in the 31st year following the year in which the plan was entered into; and c) that provides that, at all times after the end of the 35th year following the year in which the plan was entered into, no other individual may be designated as a beneficiary under the plan.

Specified Plan means an education savings plan:a) that does not allow more than one beneficiary under the plan at any one time;b) under which the beneficiary is an individual in respect of whom paragraphs 118.3(1)(a) to (b) of the Income Tax Act (Canada) apply for the beneficiary’s taxation year that ends in the 31st year following the year in which the plan was entered into; andc) that provides that, at all times after the end of the 35th year following the year in which the plan was entered into, no other individual may be designated as a beneficiary under the plan.

Specified Plan means an education savings plan (a) that does not allow more than one beneficiary under the plan at any one time, (b) under which the beneficiary is an individual in respect of whom paragraphs 118.3(1)(a) to (b) apply for the beneficiary’s taxation year that ends in the 31st year following the year in which the plan was entered into, and (c) that provides that, at all times after the end of the 35th year following the year in which the plan was entered into, no other individual may be designated as a beneficiary under the plan. Where the Plan meets the definition of a Specified Plan, notwithstanding section 6 above, contributions to the Plan can be made until the end of the 35th year following the year the Plan was entered into.

Specified Plan has the meaning set forth in Section 5.24.

Specified Plan means the plan in a form to be mutually agreed by the parties hereto between the date of this Agreement and the Closing Date with respect to certain matters related to properties occupied by the Company in Tel Aviv.