Regular Contribution Limit Sample Clauses

Regular Contribution Limit. The maximum regular contribution that can be made to all the Xxxx XXX Owner’s Xxxx IRAs for a taxable year is the smaller amount determined under Section 4.01(C)(1) or (2) of this Agreement.
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Regular Contribution Limit. If (i) and/or (ii) below apply, the maximum regular contribution that can be made to all the Owner’s Xxxx IRAs for a taxable year is the smaller amount determined under (i) or (ii).
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Regular Contribution Limit. The limit on regular contributions described in (a) above is gradually reduced to $0 between certain levels of modified adjusted gross income ("modified AGI," as defined below). For an Owner who is single or is a head of household, the maximum annual regular contribution is phased out between modified AGI of $95,000 and $110,000; for an Owner who is married filing a joint return or is a qualifying widow(er), between modified AGI of $150,000 and $160,000; and for an Owner who is married filing a separate return, between modified AGI of $0 and $10,000. If the Owner's modified AGI for a taxable year is in the phase-out range, the maximum regular contribution determined under the previous paragraph for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. After 2006, the dollar amounts above will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 408A(c)(3). Such adjustments will be in multiples of $1,000. If the Owner makes regular contributions to both Roth IRAs and nonRoth IRAs for a taxable year, the maximum regular contribution that can be made to all the Owner's Roth IRAs for that taxable xxxx is reduced by the regular contributions made to the Owner's nonRoth IRAs for the taxable year.
Sample 1Sample 2
Regular Contribution Limit. The maximum regular contribution that can be made to all of the Owner's Roth IRAs for a taxable yeax xx the smaller of the amount determined under subparagraph 3(b)(i) or (ii) below.
Sample 1Sample 2
Regular Contribution Limit. If Paragraph (1) and/or (2) below apply, the maximum Regular Contribution that can be made to all the Participant's Xxxx IRAs for a taxable year is the smaller amount determined under Paragraph (1) or (2).
Sample 1
Regular Contribution Limit. If (i) and/or (ii) below apply, the maximum regular contribution that can be made to all the Owner's Xxxx IRAs for a taxable year is the smaller of the amounts determined under (i) or (ii) below. (i) The maximum regular contribution is phased out ratably between certain levels of modified adjusted gross income ("modified AGI," defined in (f) below) in accordance with the following table: Full Phase-out No Filing Status Contribution Range Contribution ---------------------------------------------------------------------------------------------------- Modified AGI ---------------------------------------------------------- Single or Head $95,000 or less Between $95,000 $110,000 Of Household and $110,000 or more Joint Return $150,000 or less Between $150,000 $160,000 Or Qualifying and $160,000 or more Widow(er) Married- $0 Between $0 $10,000 Separate Return and $10,000 or more If the Owner's modified AGI for a taxable year is in the phase-out range, the maximum regular contribution determined under this table for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. The preceding limits may change as indexed for inflation or amended by tax law.
Sample 1

Related to Regular Contribution Limit

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

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