Highly Compensated Employee [Internal Revenue] Law and Legal Definition
According to 26 USCS § 414 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter D. Deferred Compensation, Etc.; Part I. Pension, Profit-Sharing, Stock Bonus Plans, etc.; Subpart B. Special Rules], highly compensated employee means “any employee who--
(A) was a 5-percent owner at any time during the year or the preceding year, or
(B) for the preceding year--
(i) had compensation from the employer in excess of $ 80,000, and
(ii) if the employer elects the application of this clause for such preceding year, was in the top-paid group of employees for such preceding year.”
Legal Definition list
- Highly Compensated Employee [Internal Revenue]
- Highest Possible Degree Available [Education]
- Highest Home Energy Needs
- Highest Degree of Care
- Highest Adjacent Grade
- Highly Competent Early Childhood Educator
- Highly Confidential Business Information
- Highly Enriched Uranium
- Highly Erodible Land
- Highly Leveraged Transaction
- Highly Migratory Fish Stocks
Related Legal Terms
- Accumulation plan [Internal Revenue]
- Actuarial Experience [Employee Retirement]
- Actuarial Present Value [Internal Revenue]
- Actuarial Services [Employee Retirement]
- Administrative Employee
- Administrator of an Employee Benefit Plan
- Affected Employees
- Airport Revenue [Aeronautics and Space]
- Alien Employees
- All Substantial Rights to a Patent [Internal Revenue]
