Defined Contribution Plan - Law Dictionary Search Results
Home Dictionary Name: defined 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 ...
defined benefit plan
defined benefit plan : a pension plan in which the amount of benefits paid to an employee after retirement is fixed in advance in accordance with a formula given in the plan ...
pension
pension : money paid under given conditions to a person following retirement or to surviving dependents see also defined benefit plan, defined contribution plan ...
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 ...
Foreign contribution
Foreign contribution, means the donation, delivery or transfer made by any foreign source--(i) of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees.(ii) of any currency, whether Indian or foreign;(iii) of any foreign security as defined in clause (i) of s. 2 of the Foreign Exchange Regulation Act, 1973. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2(1)(c)]...
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) ...
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...
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