Marvin Mandel, Governor                       1449

of both the employer and his predecessor, with respect to employ-
ment in this State or any other state if the employee was in a
continuous period of employment immediately before and immediately
subsequent to transfer of business. The term predecessor as used in
this subsection shall mean the same as it means in Section 8(c)
(6) of this article. However, if the maximum amount of wages
taxable under the Federal Unemployment Tax Act or any other
federal tax law against which credit may be taken for contributions
into a state unemployment insurance fund is increased in the future
over and above the amount of $4,200.00 in any calendar year, the
limitation set forth above in this section shall automatically increase
in an amount corresponding to the increase in taxable wages under
the federal law.

(2)    The amount of any payment (including any amount paid
by an employer for insurance or annuities, or into a fund to provide
for any such payment) made to or on behalf of an employee or any
of his dependents under a plan or system established by an employer
which makes provision for his employees generally (or for his em-
ployees generally and their dependents) or for a class or classes of
his employees (or for a class or classes of his employees and their
dependents), on account of retirement, sickness or accident disability,
medical or hospitalization expenses in connection with sickness or
accident disability, or death;

(3)    Any payment made to an employee (including any amount
paid by an employer for insurance or annuities, or into a fund to
provide for any such payment) on account of retirement;

(4)    Any payment on account of sickness or accident disability,
or medical or hospitalization expenses in connection with sickness or
accident disability, made by an employer to, or on behalf of, an
employee after the expiration of six calendar months following the
last calendar month in which the employee worked for that employer;

(5)    Any payment made to, or on behalf of, an employee or his
beneficiary from or to a trust exempt from tax under Section 401
(a) of the Federal Internal Revenue Code at the time of that payment
unless the payment is made to an employee of the trust as remunera-
tion for services rendered as an employee and not as beneficiary of
the trust, or under or to an annuity plan which, at the time of the
payment, meets the requirements of Section 401 (a) (3), (4),
(5), and (6) of the Federal Internal Revenue Code;

(6)    The payment by an employer (without deduction from the
remuneration of the employee) of the tax imposed upon an employee
under Section 3101 of the Federal Internal Revenue Code; or of any
payment required from an employee under a state unemployment
insurance law;

(7)    Remuneration paid in any medium other than cash to an
employee for service not in the course of the employer's trade or
business;

(8)    Any payment (other than vacation or sick pay) made to an
employee after the month in which he attains the age of sixty-five,
if he did not work for the employer in the period for which THE
payment is made.

(9)    The amount of any payment (including any amount paid by
an employer into a fund to provide for any such payment) made to,