Common use of Age 50 Catch-up Elective Deferral Contributions Clause in Contracts

Age 50 Catch-up Elective Deferral Contributions. If permitted by the Plan, an Employee who is a Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Elective Deferrals and/or Xxxx 403(b) Contributions, up to the maximum age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for the year. The maximum dollar amount of the age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for a year is $5,000 for 2008, and is adjusted for cost-of-living thereafter to the extent provided under the Code.

Appears in 2 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement

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Age 50 Catch-up Elective Deferral Contributions. If permitted by the Plan, an An Employee who is a Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Elective Deferrals and/or and, if applicable, Xxxx 403(b) Contributions, up to the maximum age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for the year. The maximum dollar amount of the age 50 catch-up Elective Deferrals or and, if applicable, Xxxx 403(b) Contributions for a year is $5,000 for 2008, and is adjusted for cost-of-living thereafter after 2008 to the extent provided under the Code.

Appears in 2 contracts

Samples: Adoption Agreement for 403(b) Plan, Adoption Agreement for 403(b) Plan

Age 50 Catch-up Elective Deferral Contributions. If permitted by the Plan, an An Employee who is a Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Elective Deferrals and/or Xxxx 403(b) ContributionsDeferrals, up to the maximum age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for the year. The maximum dollar amount of the age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for a year is $5,000 5,500 for 20082009, and is adjusted for cost-of-living thereafter after 2009 to the extent provided under the Code.

Appears in 1 contract

Samples: 403(b) Plan

Age 50 Catch-up Elective Deferral Contributions. If permitted by the Plan, an An Employee who is a Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Elective Deferrals and/or and, if applicable, Xxxx 403(b) Contributions, up to the maximum age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for the year. The maximum dollar amount of the age 50 catch-up Elective Deferrals or and, if applicable, Xxxx 403(b) Contributions for a year is $5,000 6,000 for 20082016, and is adjusted for cost-of-of- living thereafter after 2016 to the extent provided under the Code.

Appears in 1 contract

Samples: Adoption Agreement

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Age 50 Catch-up Elective Deferral Contributions. If permitted by the Plan, an An Employee who is a Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Elective Deferrals and/or Xxxx 403(b) ContributionsDeferrals, up to the maximum age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for the year. The maximum dollar amount of the age 50 catch-up Elective Deferrals or Xxxx 403(b) Contributions for a year is $5,000 for 2008, and is adjusted for cost-of-living thereafter after 2008 to the extent provided under the Code.

Appears in 1 contract

Samples: 403(b) Retirement Plan Document

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