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LSDefine

Simple English definitions for legal terms

CODA

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A quick definition of CODA:

Term: CODA

Definition: CODA stands for Cash or Deferred Arrangement. It is a type of retirement plan where you can choose to receive your money now or defer it until later. This means you can either get paid right away or save your money for when you retire. It's like having a piggy bank that you can choose to open now or later.

A more thorough explanation:

Definition: CODA stands for Cash or Deferred Arrangement. It is a type of retirement savings plan that allows employees to choose between receiving cash payments or deferring a portion of their salary into a retirement account.

Example: An employee may choose to defer 5% of their salary into a 401(k) plan, which is a type of CODA. This means that instead of receiving that 5% as part of their regular paycheck, it will be deposited into their retirement account. The employee may also have the option to receive a cash bonus instead of deferring any portion of their salary.

Explanation: The example illustrates how a CODA works by showing how an employee can choose to defer a portion of their salary into a retirement account instead of receiving it as cash. This allows the employee to save for retirement while also potentially reducing their taxable income. The cash bonus option shows that the employee has a choice between receiving cash or deferring their salary, which is a key feature of a CODA.

C.O.D. | Code Civil

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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