Similar Plan definition

Similar Plan means a plan required to be aggregated with this Plan under Treasury Regulation Section 1.409A-1(c)(2)(i)(A).
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Similar Plan means a "Governmental Plan" within the meaning of Section 3(32) of ERISA, a non-U.S. Plan described in Section 4(b)(4) of ERISA, a "Church Plan" within the meaning of Section 3(33) of ERISA that has made no election under Section 410(d) of the Code or an employee benefit plan that is not a Benefit Plan Investor; and
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Similar Plan means the Canada Pension Plan. This similar plan covers persons having worked outside Québec and has similar provisions to the Québec Pension Plan.
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Examples of Similar Plan in a sentence

  • Notwithstanding the foregoing, an employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of Salary or Bonus, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • An employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of some or all of his or her Special Awards, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • Notwithstanding the foregoing, an individual who first becomes an Eligible Director during a Plan Year may make an initial Deferral Election for deferral of Retainers and Fees under this Plan within thirty days after the date the individual becomes an Eligible Director, provided that such Eligible Director has not previously become eligible to participate in this or any Similar Plan.

  • From and after the date hereof the Company shall not amend, modify, waive, terminate or invalidate any provision of the Amended Rights Agreement or any similar shareholder rights plan or similar device (a "Substantially Similar Plan"), in a manner which would cause the Investor Group to become an "acquiring person" under the Amended Rights Agreement or any Substantially Similar Plan upon the exercise of any rights granted to the Investor hereunder.

  • Notwithstanding the foregoing, an employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of some or all of his or her Qualifying Awards, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • No Auto-Enrollment if Similar Plan Not Available; Allow an Additional SEP to select new plan: There is no automatic enrollment if there is no similar plan available.

  • The Committee may, in its discretion, extend the application of this Section 3.2(d) to one or more individuals who were formerly eligible to participate in the Plan or any Similar Plan but who ceased to be so eligible and who may be treated as newly eligible Directors under Treasury Regulation §1.409A-2(a)(7).

  • Notwithstanding the foregoing, an employee who first becomes a STI Deferral Eligible Employee during a Plan Year, but after the beginning of the performance period, may elect to defer up to 60% of the portion of his/her STI Award payable with respect to services performed after the election, provided that such STI Deferral Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • Worker Perspective: Saving for Retirement (in an Employer-Sponsored Plan and/or Outside of Work) Among Those Offered a 401(k) or Similar Plan (%) Among Those Not Offered a 401(k) or Similar Plan (%) 89 89 88 8849504938 WORKER BASE: CURRENTLY OFFERED QUALIFIED PLAN/ NOT CURRENTLY OFERED QUALIFIED PLANQ1190.

  • Notwithstanding the foregoing, an employee who first becomes a Base Salary Deferral Eligible Employee during a Plan Year may elect to defer a percentage, not to exceed 60%, of his/her Base Salary payable with respect to services performed during that Plan Year, provided that such Base Salary Deferral Eligible Employee has not previously become eligible to participate in this or any Similar Plan.


More Definitions of Similar Plan

Similar Plan means a plan required to be aggregated with this Plan under Treas. Reg. §1.409A-1(c)(2)(i).
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Similar Plan has the meaning ascribed thereto in Section 3.1(j)(vii).
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Related to Similar Plan

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Basin plan means the same as “water quality control plan” as defined in Division 7 (commencing with Section 13000) of the Water Code. Basin Plans are adopted by each Regional Water Board, approved by the State Water Board and the Office of Administrative Law, and identify surface water and groundwater bodies within each Region’s boundaries and establish, for each, its respective beneficial uses and water quality objectives. Copies are available from the Regional Water Boards, electronically at each Regional Water Boards website, or at the State Water Board’s Plans and Policies web page (http://www.waterboards.ca.gov/plans_policies/).

  • SIP means Session Initiation Protocol.

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Former Plan means any employee benefit plan in respect of which the Customer or a Subsidiary has engaged in a transaction described in Section 4069 or Section 4212(c) of ERISA.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • HACCP plan means a written document that delineates the formal procedures for following the Hazard Analysis Critical Control Point principles developed by The National Advisory Committee on Microbiological Criteria for Foods.

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Parent Plan means an Employee Benefit Plan sponsored, maintained, or contributed to by Parent or its Affiliates or with respect to which Parent or its Affiliates have any liability.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Spinoff means a transaction in which the Transferor Plan transfers only part of its assets and/or liabilities to the Transferee Plan. The Transferee Plan may be a New Plan that is created in the Spinoff, or it may be a preexisting plan that simply receives part of the assets and/or liabilities of the Transferor Plan.

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.