TRA 1986 definition

TRA 1986 means the Tax Reform Act of 1986.
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Examples of TRA 1986 in a sentence

  • For a further description of the amendment to the Plan incorporating provisions of TRA 1986 see -- "FEDERAL INCOME TAX CONSEQUENCES" herein.

  • As a result of TRA 1986 and for Plan years after December 31, 1986, no employee may be granted options which are exercisable for the first time in any one calendar year relating to more than $100,000 in fair market value of the Company's Common Stock valued on the date of the grant of the option.

  • AMENDMENTS The Board of Directors of the Company amended the plan effective July 1, 1987 in order to include certain provisions of the Tax Reform Act of 1986 ("TRA 1986") to the Internal Revenue Code of 1986, as amended ("Code").

  • Section 321(a) of the TRA 1986 repealed the sequential exercise rule applicable to ISOs for tax years beginning after December 31, 1986.

  • TRA 1986 liberalized the limitation requirements to permit employees to receive options to purchase more than $100,000 of stock in a single calendar year provided the employee is not able to purchase more than $100,000 of stock in a given calendar year, such value being determined at the time the option is granted.

Related to TRA 1986

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Required Beginning Date means April 1 of the calendar year following the later of:

  • DEPP means the Authority’s Decision Procedure and Penalties Manual;

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Cabinet means the Cabinet for Health and Family Services;

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of the Participant with a survivor annuity for the life of the Spouse which is fifty percent (50%) of the amount of the annuity which is payable during the joint lives of the Participant and the Spouse and which is the amount of benefit which can be purchased with the Participant's Vested Account Balance.

  • 100-year floodplain means any area of land that:

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Plan Schedule means the key terms applicable to Plans as set, and as may be varied by Us, from time to time in its absolute discretion without notice to You;

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.