Contribution Plan - Law Dictionary Search Results
Home Dictionary Name: contribution plandefined contribution plan
defined contribution plan : a pension plan in which the amount of the contributions made by the employer is fixed in advance and earnings are distributed proportionately ...
Contribution plan
A plan of distributing surplus by giving to each policy the excess of premiums and interest earned thereon over the expenses of management cost of insurance and the policy value at the date of computation This excess is called the contribution of the policy...
insured plan
insured plan : a pension or retirement plan managed by an insurance company under which contributions are used to purchase life insurance or annuities as a means of funding the benefits promised ...
contribution
contribution 1 : payment of a share of an amount for which one is liable: as a : shared payment of a judgment by joint tortfeasors esp. according to proportional fault compare apportion b : pro rata apportionment of loss among all the insurance policies covering the same person or property compare indemnity 2 : the money paid by one responsible for a share 3 : payment to a common fund (as by an employer or employee to an insurance plan or retirement fund) ...
pension
pension : money paid under given conditions to a person following retirement or to surviving dependents see also defined benefit plan, defined contribution plan ...
stock bonus plan
stock bonus plan : a form of deferred compensation that is funded by employer contributions of corporate securities with dividends usually reinvested ...
Contribution
Contribution, to any fund shall not include any sums in repayment of loan. [Income-tax Act, 1961 (43 of 1961), s. 80C(8)(ii)]Means the sum of money payable to the corporation by the principal employer in respect of an employee and includes any amount payable by or on behalf of the employee in accordance with the provisions of this Act. [Employees' State Insurance Act, 1948 (34 of 1948), s. 2(4)]The word 'contribution' used in the proviso must also be given its due meaning. It cannot be understood as donations. If that be so, a voluntary contribution cannot amount to a compulsive donation. If the donor, in order to gain an advantage or benefit, if he apprehends that but the contribution some adverse consequence would follow, makes a donation certainly it ceases to be voluntary, Municipal Corpn. of Delhi v. Children Book Trust, AIR 1992 SC 1456 (1472): (1992) 3 SCC 390. [Delhi Municipal Corporation Act, 1957, (66 of 1957), s. 115(4)(a), Proviso]The performance by each of two or more pers...
Plan
Plan. In the (English) Copyright Act, 1911, 'literary work' includes 'plans' (s. 35); and see also as to plans, s. 2, sub-s. (1) (ii). see COPYRIGHT. Under various Acts, plans have to be deposited with local authorities for various purposes. If the local authority neglects to pass the plans the remedy is by mandamus, Davis v. Bromley Corporation, (1908) 1 KB 170 and R. v. Cambrdige Corporation, (1922) 1 KB 250. As to a purchaser's right to have the property conveyed to him by reference to a plan on his conveyance, see Re Sansom, (1910) 1 Ch 741; Re Sparrow, ib. 2 Ch 60, and as to maps as evidence, Storey v. Eastborune R.D.C., (1927) 1 Ch 367.Under the Land Registration Act, 1925, s. 76, land may be described by description on a map or plan. For the practice of the Land Registry, consult The Land Registry General Map, by W.S. Tratman, and LR Rules, 272-285.As to the property in plans, see ARCHITECT.In common acceptation mean 'a drawing or diagram made by projections on a horizontal plan...
Planning
Planning, as that term is used in connection with community development is a generic term, rather than a word of art, and has no fixed meaning. Broadly speaking, however, the term connotes the systematic development of a community or an area with particular reference to the location, character, and extent of streets, squares, and parks, and to kindred mapping and charting, American Jurisprudence, 2nd (Vol. 82, at p. 388).Planning, connotes a systematic development contrived to promote the common interest in matters, embraced within the police power, with particular reference to the localities, character, and extent of streets, squares, parks, and to kindred mapping and charting, Manaklal Chottebai v. M.G. Makwana, (1968) 1 SCJ 379.Laws dealing with development planning are indis-pensable to sanitation and healthy urbanization. Development planning comprehensively takes care of statutory, manual, administrative and land-use laws hand in hand with architectural creativity. In the words o...
capital contribution
capital contribution : a contribution of funds or property to the capital of a business by a partner, owner, or shareholder NOTE: Under the Internal Revenue Code, a capital contribution is generally excluded from a company's gross income, unless it is a loan from a shareholder that the company is released from repaying. ...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial