applicable covered employee
Defined in 1 place of the United States Code.
The term “applicable covered employee” means any—
(I) covered employee of a plan sponsor,
(II) covered employee of a member of a controlled group which includes the plan sponsor, and
(III) former employee who was a covered employee at the time of termination of employment with the plan sponsor or a member of a controlled group which includes the plan sponsor.
Source
- 2006–present26 U.S.C. § 409AInternal Revenue Code · Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans · for purposes of this section