Unadjusted Earnings means, with respect to any Participant who is an Employee of a Beam Participating Employer, all earnings of the Participant in any Plan Year as an Employee of the Beam Participating Employers, but limited to one hundred fifty thousand dollars ($150,000) (adjusted for increases in the cost of living pursuant to rulings of the Secretary of the Treasury), including overtime, holiday and vacation pay, amounts paid for periods of approved absences and incentive pay, back pay which has been either awarded or agreed to by the Beam Participating Employers, plus amounts elected to be contributed by the Participant under a plan established pursuant to Section 125 of the Code and compensation under the Jim Beam Brands Co. Senior Executive and Key Manager Incentive Plan and Salesmen's Achievement Incentive Bonus Plan, but excluding (A) all other bonuses and contributions or benefits under this Plan and taste testing payments, (B) Worker's Compensation payments, (C) amounts paid by the Beam Participating Employers for insurance, retirement or other benefits and (D) all payments under the Jim Beam Brands Co. Senior Executive and Key Manager Incentive Plan and compensation under the Salesmen's Achievement Incentive Bonus Plan paid after the end of the Plan Year in which the Participant incurs a Severance From Service.
Unadjusted Earnings means with respect to any Participant, all earnings of the Participant in any Plan Year as an Employee of the Company, but limited to $200,000 (as adjusted to reflect the dollar amount applicable under Section 401(a)(17) of the Code), including overtime, holiday and vacation pay, amounts paid for periods of approved absences and incentive pay, back pay which has been either awarded or agreed to by the Company, plus amounts elected to be contributed by the Participant under a plan established pursuant to Code Section 125 (including "deemed Section 125 compensation" as defined in Revenue Ruling 2002-27), Code Section 132(f)(4) or Code Section 401(k), and compensation under the Company's incentive bonus plans, but excluding (A) all other bonuses and contributions or benefits under this Plan, (B) Worker's Compensation payments, (C) amounts paid by the Company for insurance, retirement or other benefits, and (D) all payments under the Company's incentive bonus plans paid after the end of the Plan Year in which the Participant incurs a Severance From Service.
Unadjusted Earnings means with respect to any Participant who is an Employee of Fortune all earnings of the Participant in any Plan Year for service with Fortune, but limited to $200,000 (as adjusted to reflect the dollar amount applicable under Section 401(a)(17) of the Code), including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absences, back pay which has been either awarded or agreed to by Fortune, performance awards in lieu of a merit increase, plus amounts elected to be deferred by the Participant as Tax Deferred Contributions under this Plan or as contributions under a plan established pursuant to Code Section 125 (including ‘deemed 125 compensation’ as defined in Revenue Ruling 2002-27) or Code Section 132(f)(4), and all compensation under the Management Incentive Plan, the Fortune Brands, Inc. Annual Executive Incentive Compensation Plan and the Performance Recognition Program paid during such Plan Year, but excluding (A) contributions (other than Tax Deferred Contributions) or benefits under this Plan, (B) Worker’s Compensation payments, (C) amounts paid by Fortune for insurance, retirement or other benefits and bonuses, (D) special payments related to the pension plan redesign, and (E) compensation under such Management Incentive Plan, the Fortune Brands, Inc. Annual Executive Compensation Plan and Performance Recognition Program paid after the end of the Plan Year in which the Participant incurs a Severance From Service.”
Examples of Unadjusted Earnings in a sentence
For purposes of this Plan, the Unadjusted Earnings or Compensation of a Participant will be limited to $150,000 in each Plan Year (adjusted for increases in the cost of living pursuant to rulings of the Secretary of the Treasury).
Profit-Sharing Contributions will be further reduced by the amount, if any, by which the amount of the portion of such contribution otherwise apportionable to a Participant is reduced because the Participant's Unadjusted Earnings or Compensation, whichever is applicable, is limited to $200,000 (as adjusted to reflect the dollar amount applicable under Section 401(a)(17) of the Code).
For purposes of this Plan, the Unadjusted Earnings or Compensation of a Participant will be limited to $200,000 in each Plan Year (adjusted to reflect the dollar amount applicable under section 401(a)(17) of the Code).
The amount of any such reduction will be reapportioned to each Participant in the ratio that his Unadjusted Earnings for such Plan Year bear to the aggregate Unadjusted Earnings of all Participants employed by Fortune for that year.
The amount of any such reduction will be reapportioned to each Participant in the ratio that his or her Unadjusted Earnings for such Plan Year bear to the aggregate Unadjusted Earnings of all Participants employed by the Company for that year.
More Definitions of Unadjusted Earnings
Unadjusted Earnings means with respect to any Participant who is an Employee of Fortune all earnings of the Participant in any Plan Year for service with Fortune, but limited to $200,000 (as adjusted to reflect the dollar amount applicable under Section 401(a)(17) of the Code), including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absences, back pay which has been either awarded or agreed to by Fortune, plus amounts elected to be deferred by the Participant as Tax Deferred Contributions under this Plan or as contributions under a plan established pursuant to Code Section 125 (including "deemed 125 compensation" as defined in Revenue Ruling 2002-27) or Code Section 132(f)(4), and all compensation under the Management
Unadjusted Earnings means with respect to any Participant who is an Employee of American all earnings of the Participant in any Plan Year for service with American, but limited to one hundred fifty thousand dollars ($150,000) (adjusted for increases in the cost of living pursuant to rulings of the Secretary of the Treasury), including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absences, back pay which has been either awarded or agreed to by American, plus amounts elected to be deferred by the Participant as Tax Deferred Contributions under this Plan or as contributions under a plan established pursuant to Section
Unadjusted Earnings means with respect to any Participant, all earnings of the Participant in any Plan Year as an Employee of the Company, but limited to $200,000 (as adjusted to reflect the dollar amount applicable under Section 401(a)(17) of the Code), including overtime, holiday and vacation pay, amounts paid for periods of approved absences and incentive pay, back pay which has been either awarded or agreed to by the Company, plus amounts elected to be contributed by the Participant under a plan established pursuant to Code Section 125 (including “deemed Section 125 compensation” as defined in Revenue Ruling 2002-27), Code Section 132(f)(4) or Code Section 401(k), and compensation under the Company’s incentive bonus plans, but
Unadjusted Earnings means with respect to any Participant who is an Employee of American all earnings of the Participant in any Plan Year for service with American, but limited to one hundred fifty thousand dollars ($150,000) (adjusted for increases in the cost of living pursuant to rulings of the Secretary of the Treasury), including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absences, back pay which has been either awarded or agreed to by American, plus amounts elected to be deferred by the Participant as Tax Deferred Contributions under this Plan or as contributions under a plan established pursuant to Section 125 of the Code, or Section 119 of the Code, and all compensation under the Management Incentive Plan and Article XII of the By-laws of American paid during such Plan Year, but excluding (A) contributions (other than Tax Deferred Contributions) or benefits under this Plan, (B) Worker's Compensation payments, (C) amounts paid by American for insurance, retirement or other benefits and bonuses, and (D) compensation under said Management Incentive Plan and Article XII paid after the end of the Plan Year in which the Participant incurs a Severance From Service.
Unadjusted Earnings means with respect to any Participant who is an Employee of Fortune all earnings of the Participant in any Plan Year for service with Fortune, but limited to
Unadjusted Earnings means with respect to any Participant who is an Employee of Fortune all earnings of the Participant in any Plan Year for service with Fortune, but limited to one hundred fifty thousand dollars ($150,000) (adjusted for increases in the cost of living pursuant to rulings
Unadjusted Earnings means, with respect to any Participant who is an Employee of a Beam Participating Employer, all earnings of the Participant in any Plan Year as an Employee of the Beam Participating Employers, but limited to one