Amoroso, VincentYurkovic, Denis L
No participant shall have rights under the Benefit Plans and Employee Arrangements assumed pursuant to the Plan other than those existing immediately before such assumption. Any assumption of the Benefit Plans and Employee Arrangements hereunder shall not trigger any applicable change of control, immedia...
Xxxxxx Plan means each “employee benefit plan” (within the meaning of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), whether or not subject to ERISA), stock purchase, stock option, phantom stock or other equity-based, severance, employment, ...
Non-Qualified Plan: Split-Dollar Plan Asplit-dollar planis used when an employer wants to provide a key employee with apermanent life insurancepolicy. Under this arrangement, an employer purchases a policy on the employee's life, and the employer and the employee divide ownership of the policy...
Define Defined benefit plan. Defined benefit plan synonyms, Defined benefit plan pronunciation, Defined benefit plan translation, English dictionary definition of Defined benefit plan. n. A sum of money paid regularly as a retirement benefit or by way of
(ERISA), which is administered by the U.S. Department of Labor. One of its chief requirements is that plan sponsors (employers) and administrators act asfiduciaries, meaning that they must make investment decisions in the best interest of plan participants. If they fail to do that, they can...
case claimed that Kentucky's law was pre-empted by theEmployee Retirement Income Security Actof 1974 (ERISA). The Court, per JusticeAntonin Scaliadisagreed, holding that the Kentucky law regulated insurance, rather than an employee retirement plan, and thus that the ERISA preemption does not ...
b.The sum of all instincts for self-preservation. The American Heritage® Medical Dictionary Copyright © 2007, 2004 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. e·ros (ār'os) psychoanalysisThe life principle representing all instinctual tendencies towar...
Meaning of Reimbursement from wikipedia - Look up reimbur***t in Wiktionary, the free dictionary. Reimbur***t is the act of compensating someone for an out-of-pocket expense by giving them...- In the United States, ERISA reimbur***t refers to the efforts of an ERISA Plan administrator...
A qualified retirement plan in which employees receive shares of the common stock of the company for which they work and the company receives an investment tax credit. The purpose of this type of plan is to give employees a vested interest in the company, thereby providing them with an additi...