Voluntary Compliance Program definition

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the Internal Revenue Service or Department of Labor of the United States, including, but not limited to, the Employee Plans Compliance Resolution System, the Self Correction Program, the Audit Closing Agreement Plan, the Delinquent Filer Voluntary Compliance program and the Voluntary Fiduciary Correction program.

Voluntary Compliance Program means the Voluntary Compliance Resolution Program (VCR) (Rev. Proc. 92-89) or the Walk-In Closing Agreement Program (Walk-in CAP), both described in the Employee Plans Compliance Resolution System, (EPCRS) (IRS Rev. Proc. 98-22), as amended, or the Tax Sheltered Annuity Voluntary Correction Program (TVC) (Rev. Proc. 95-24).

Voluntary Compliance Program means any compliance resolution program that is voluntary, or any similar settlement program that is voluntary, provided that such program is administered by theU.S. Department of Labor or U.S. Internal Revenue Service. Such program shall include the Voluntary Fiduciary Correction Program, the Employee Plans Compliance Resolution System, the Delinquent Filer Voluntary Compliance Program, or any similar program administered by a govern- mental authority located outside the U.S.

Examples of Voluntary Compliance Program in a sentence

• The Department of Labor also maintains a Delinquent Filer Voluntary Compliance Program under which certain failures to comply with the annual reporting requirements (Form 5500 series) under ERISA may be corrected.

• The Sublimit of Liability for Voluntary Compliance Program Loss shall be part of, and not in addition to, the Limit of Liability applicable to this Coverage Section.

• The Insureds shall, as a condition precedent to the obligations of the Insurer under this Policy to reimburse Voluntary Compliance Program Loss, give written notice to the Insurer at either the physical or email address indicated in Item 7.

• The reimbursement by the Insurer to the Insured of any Voluntary Compliance Program Loss shall not waive any of the Insurer’s rights under this Policy or at law, including in the event that such Loss results in a Claim under Insuring Agreements A.

• Each and every Insured shall give the Insurer full cooperation and such information as it may reasonably require relating to the defense and settlement of any Claim or the settlement of any matter resulting in Voluntary Compliance Program Loss, and the prosecution of any counterclaim, cross-claim or third-party claim, including without limitation the assertion of an Insured’s indemnification or contribution rights.

More Definitions of Voluntary Compliance Program

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the DOL, IRS, PBGC or other similar governmental authority or any similar program administered by any governmental authority located outside the United States of America, to correct any inadvertent non-compliance by a Plan, including, but not limited to:

Voluntary Compliance Program means a written agreement to correct an inadvertent Plan defect under a voluntary compliance resolution program or similar voluntary settlement program administered by the IRS, DOL, or any other similar governmental authority, including without limitation the Employee Plans Compliance Resolution System, the Audit Closing Agreement Program, the Voluntary Compliance Resolution Program, the Walk-in Closing Agreement Program, the Administrative Policy Regarding Self- Correction, the Tax Sheltered Annuity Voluntary Correction Program, the Delinquent Filer Voluntary Compliance Program, and the Voluntary Fiduciary Correction Program.

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the United States Internal Revenue Service, United States Department of Labor or any other domestic or foreign governmental authority, including without limitation the Audit Closing Agreement Program (Audit CAP), the Voluntary Compliance Resolution Program, the Walk-in Closing Agreement Program, the Administrative Policy Regarding Self-Correction, as described in the Employee Plans Compliance Resolution System, IRS Rev. Proc. 98-22, or the Tax Sheltered Annuity Voluntary Correction Program, as described in IRS Rev. Proc. 95-24, all as amended.

Voluntary Compliance Program means the Delinquent Filer Voluntary Compliance Program and the Voluntary Fiduciary Correction Program (VFCP), as administered by the Employee Benefits Security Administration of the Department of Labor (DOL), and the Employee Plans Compliance Resolution System, as administered by the Internal Revenue Service (IRS), or any similar program anywhere in the world.

Voluntary Compliance Program means the following programs: the Employee Plans Compliance Resolution System; the Delinquent Filer Voluntary Compliance Program; the Voluntary Fiduciary Correction Program; and the Participant Notice Voluntary Correction Program.

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the U.S. Internal Revenue Service or the U.S. Department of Labor, including but not limited to the Voluntary Correction Program, as described in the Employee Plans Compliance Resolutions System (“EPCRS”), IRS Rev. Proc. 2006‐ 27, as amended, the Voluntary Compliance Resolution Program, the Walk‐In Closing Agreement Program, the Tax Sheltered Annuity Voluntary Correction Program (“TVC”), the Audit Closing Agreement Program, the Administrative Policy Regarding Self‐Correction, the Delinquent Filer Voluntary Compliance Program, or the Voluntary Fiduciary Correction Program.

Voluntary Compliance Program means any voluntary compliance resolution program, or any similar voluntary settlement program, administered by the U.S. Department of Labor, the U.S. Internal Revenue Service or any other governmental authority, including without limitation the Voluntary Fiduciary Correction Program, the Employee Plans Compliance Resolution System and the Delinquent Filer Voluntary Compliance Program.