Specified Employee

Specified Employee. Means any employee who, at any time during the 12-month period ending on the identification date, is a "specified employee" under Code section 409A. The determination of Specified Employees, including the number and identity of persons considered Specified Employees and the identification date, shall be made by the Human Resources Committee of the Board of Directors of WGL Holdings, Inc. or its delegate in accordance with the provisions of Code sections 416(i) and 409A and the regulations... issued thereunder. View More

Specified Employee. Means a Director who, as of the date of the Director's Separation from Service for any reason, is a key employee of the Company. The Director is a key employee if the Director meets the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code Section 416(i)(5)) at any time during the twelve-month period ending on a Specified Employee identification date as determined under Code section 409A. If the Director is a key... employee as of December 31, the Director shall be treated as a Specified Employee for the entire twelve-month period beginning on the next following April 1. View More

Specified Employee. Means, in the case of any Participant meeting the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during the 12 month period ending on any Specified Employee Identification Date, which shall be December 31 of each calendar year, (or otherwise meeting the requirements applicable to qualification as a ‘Specified Employee' under Code Section 409A and the regulations and guidance... issued thereunder,) that such Participant shall, for purposes of this Plan, thereafter be a Specified Employee under this Plan for the period of time consisting of the entire 12-month period beginning on the Specified Employee Effective Date, and said Specified Employee Effective Date shall be the first day of the fourth month following the Specified Employee Identification Date. View More

Specified Employee. Shall have the meanings attributed to such terms under section 409A of the Code and the treasury regulations and other guidance promulgated thereunder

Specified Employee. Specified Employee means certain officers and highly compensated employees of Company as defined in Treas. Reg. § 1.409A-1(i). The identification date for determining whether Employee is a Specified Employee during any calendar year shall be the September 1 preceding the commencement of such year.

Specified Employee. Any Participant who is a key employee of the Company, as defined in section 416(i) of the Code without regard to section 416(i)(5), and who is treated as a Specified Employee pursuant to the regulations promulgated under section 409A of the Code

Specified Employee. Is, if any stock of the Company or any Affiliate is publicly traded on an established securities market or otherwise on the Participant's Separation from Service, a Participant who is a key employee as described in Code §416(i)(1)(A), disregarding paragraph (5) thereof. For purposes of determining key employees under Code §416(i)(1)(A), the definition of compensation shall be the same as defined in the Company's Retirement Savings Plan, but excluding any compensation of a Participant whose... location is not effectively connected with the conduct of a trade or business within the United States. If a Participant is a key employee at any time during the 12 months ending on each September 30, the Participant is a Specified Employee for the 12 month period commencing on the next January 1. Any such identification of a Specified Employee under this Plan shall apply to all nonqualified deferred compensation plans in which the Specified Employee participates. In the case of certain corporate transactions (a merger, acquisition or spin-off), or in the case of nonresident alien employees, the Employer will determine Specified Employees in accordance with Treas. Reg. §1.409A-1(i). View More

Specified Employee. At any time when stock of the Corporation is publicly traded on an established securities market or otherwise (as determined in accordance with Section 409A), an employee who is a "specified employee" within the meaning of Section 409A. The Corporation shall have the discretion to use any alternative permitted under Section 409A to determine whether Employee is a Specified Employee, and to take any action necessary to make such alternative binding.

Specified Employee. A 'specified employee' within the meaning of Code Section 409A(2)(B). The Executive will be a Specified Employee if, as of the Executive's date of Separation from Service, the Executive is a 'key employee' of the Company or any Affiliated Companies. The Executive shall be treated as a 'key employee' for the entire 12-month period beginning on each April 1 (a 'Specified Employee Effective Date') if the Executive meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in... accordance with applicable regulations thereunder and without regard to Code Section 416(i)(5)) at any time during the 12-month period ending on the December 31 immediately preceding that Specified Employee Effective Date. In the event of corporate transactions described in Treasury Regulation Section 1.409A-1(i)6), the identification of Specified Employees shall be determined in accordance with the default rules described therein, unless the Employer elects to utilize the available alternative methodology through designations made within the timeframes specified therein. View More

Specified Employee. A Participant who, on an Identification Date, is: (i) An officer of the Company having annual compensation greater than the compensation limit in Section 416(i)(1)(A)(i) of the Code, provided that no more than fifty (50) officers of the Company shall be determined to be Specified Employees as of any Identification Date; (ii) A five percent (5%) owner of the Company; or (iii) A one percent (1%) owner of the Company having annual compensation from the Company of more than $150,000. For purposes... of determining whether a Participant is a Specified Employee, Treasury Regulation section 1.415(c)-2(d)(11)(ii) shall be used to calculate compensation. If a Participant is identified as a Specified Employee on an Identification Date, then such Participant shall be considered a Specified Employee for purposes of the Policy during the period beginning on the first April 1 following the Identification Date and ending on the next March 31 View More