K
KEY EMPLOYEE
In pension planning in the United States, a highly paid employee who satisfies any
one of four criteria relating to compensation and company ownership. The criteria are
described in legislation and tax rules. The amount of benefits accrued to key employees
in a pension plan, as compared to benefits accrued to other employees, is the major factor
in determining whether the plan is a top-heavy employee benefit plan.
KEY-PERSON INSURANCE
Life insurance purchased by a business on the life of a person (usually an employee) whose continued participation in the business is necessary to
its success and whose death or disability would cause financial loss to the company.
A -
B -
C -
D -
E -
F -
G -
H -
I -
J -
K -
L -
M -
N -
O -
P -
Q -
R -
S -
T -
U -
V -
W -
X -
Y -
Z
