authority to terminate plan Definition | Business Dictionaries from AllBusiness.com

Business Glossary

SEARCH THE BUSINESS GLOSSARY

Business Definition for: authority to terminate plan

authority to terminate plan

means of ending a pension plan only for reasons of business necessity, following IRS regulations. If the IRS determines that the plan was terminated for other reasons, employee and employer contributions become taxable. Reasons acceptable to the IRS include bankruptcy, insolvency, and the inability of a business to continue to make its contributions because of adverse financial conditions.

taxation, proceeds

Back to Business Glossaries Home

AllBusiness Greatest Hits

10 Signs Your Employees Are Having an Office Romance

Do you suspect two of your staff members might be having a romantic liaison under your nose? Learn 10 tell-tale signs that an office love affair is brewing.
The Top 25 Home-Based Business Ideas

If you are thinking about starting your own business, there are many tried-and-true home-based businesses that may be just what you are looking for.
Office Dress Code Do's and Don'ts

If your employees are showing up to work dressed inappropriately on a consistent basis, the problem could be your formal dress code policy -- or lack of one.
Top 10 Employee Firing Mistakes

If you handle an employee termination poorly, it can come back to haunt you in the form of legal action. Here are common flubs when giving workers the boot.
Ten Things to Leave Out of Your Resignation Letter

Moving on to a new job? If you want to avoid burning bridges, make sure never to air these 10 grievances on your way out.
10 Superstar Entrepreneurs Under 30

These young people are the country's best and brightest, channeling their drive into a wide array of successful businesses.
The Five Best Business Video Games of All Time

In consultation with gaming expert Greg Miller, we've identified five video games will teach you a lot about how (and how not) to run a small business.
10 Essential Business Apps for Android

Ready to get to work with your Android-powered smartphone? Start with this list of 10 must-have business apps.
5 Things Employees Are Doing Right Now Instead of Working

Meet the top workplace time-killers, and learn how to keep them from killing your business.
What Lady Gaga Can Teach You About Running a Business

You don't need millions of fans or bizarre costumes to apply Gaga's impressive business acumen to your own ventures.

Business Glossary

SEARCH THE BUSINESS GLOSSARY

AllBusiness Greatest Hits

Newsletters

The AllBusiness Weekly

Franchise Insight