excess employee compensation
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 430 — for purposes of this section
The term “excess employee compensation” means, with respect to any employee for any plan year, the excess (if any) of—
(I) the aggregate amount includible in income under this chapter for remuneration during the calendar year in which such plan year begins for services performed by the employee for the plan sponsor (whether or not performed during such calendar year), over
(II) $1,000,000.
29 U.S.C. § 1083 — for purposes of this section
The term “excess employee compensation” means, with respect to any employee for any plan year, the excess (if any) of—
(I) the aggregate amount includible in income under chapter 1 of title 26 for remuneration during the calendar year in which such plan year begins for services performed by the employee for the plan sponsor (whether or not performed during such calendar year), over
(II) $1,000,000.