Supplemental Earnings definition

Supplemental Earnings means compensation which, but for the --------------------- $150,000 annual compensation limit in Section 401(a)(17) of the Internal Revenue Code, would constitute Qualified Earnings.
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Supplemental Earnings means, for each Plan Year, the difference between (1) the Participant’s Earnings for the Plan Year, calculated under the Qualified Plan as if the limitation of Code section 401(a)(17) were not in effect and (2) the Participant’s Earnings for the Plan Year under the Qualified Plan.
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Supplemental Earnings means an amount equal to (a) the net income (determined in accordance with GAAP) of the Company and its Subsidiaries for the period commencing as of November 29, 2010 and ending as of the Closing Date (such net income being referred to herein as the "Interim Income") less (b) an amount equal to the amounts necessary to satisfy the federal and state income Tax liabilities of the Goldsboro Parties and ▇▇▇▇▇▇-▇▇▇▇▇ that are attributable to the Interim Income (with such income Tax liabilities being calculated with reference to the items of the Company's income, gain, deduction, loss and credit (determined without regard to the specific Tax circumstances of a member of the Company) and the highest marginal rate of federal and state income Tax applicable to income allocated to a member of the Company in the states in which the Company has income Tax nexus).
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More Definitions of Supplemental Earnings

Supplemental Earnings means compensation which, but for the
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Related to Supplemental Earnings

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. 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.

  • 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.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;