The employee recognizes compensation income (to the extent of the value of the contributions) in the first tax year in which his interest in the fund becomes substantially vested
The Court of Appeals noted that ERISA does not prohibit a company from terminating or modifying previously offered health benefits that are not vested
. Although ERISA contains a strict vesting requirement for pension benefits, it expressly exempts employee welfare benefit plans from that requirement.
At issue was not whether a beneficiary had a "present" or "future" interest, or a vested
or contingent interest, but whether each of the trust beneficiaries held a sufficient interest in the property that would be eligible for the annual exclusion.
If deferred compensation is always vested
(as in Alberton's), it is immediately subject to FICA tax; subsequent earnings, including interest, are not subject to FICA.
If disbursement of the loan were limited to 50% of the vested
account balance for each separate account, P could have received a loan of $2,500 from his company contribution account and $7,500 from his Sec.
A partner who receives a partnership interest in exchange for services generally will not be treated as a partner for tax purposes until that interest has become substantially vested
. Thus, Gary was not taxed as a partner of Eagle until July 1, 1991.
Reportedly, the PSUs vested
at 75% of the original grant, which means that a total of 17,406 PSUs have been cancelled.
is an integrated communications firm focused on the future of finance.
, the fastest-growing communications firm in the world according to recent industry rankings released by Holmes Report, established Vested
Ventures in February to make strategic investments in and provide communications services to startup companies in the finance and technology space.
plans to use the funding to expand company operations and offices in Austin, San Francisco, and Washington, D.C.
The restrictions on deferral elections and distributions apply to deferred compensation that becomes vested
, or is granted, on or after Jan.
can lend a formality that is certainly appropriate when it takes place in a church or at a conference with an assembly gathered.