Common use of Basic Annual Limitation Clause in Contracts

Basic Annual Limitation. Except as provided in Sections 3.2 and 3.3, the maximum amount of the Elective Deferral under the Plan for any calendar year shall not exceed the lesser of (a) the applicable dollar amount or (b) the Participant's Includible Compensation for the calendar year. The applicable dollar amount is the amount established under section 402(g)(1)(B) of the Code, which is $15,500 for 2008, and is adjusted for cost-of-living after 2008 to the extent provided under section 415(d) of the Code.

Basic Annual Limitation. Except as provided in Sections 3.2 and 3.3, the maximum amount of the Elective Deferral under the Plan for any calendar year shall not exceed the lesser of (a) the applicable dollar amount or (b) the Participant's Includible Compensation for the calendar year. The applicable dollar amount is the amount established under section 402(g)(1)(B) of the Code, which is $15,500 18,500.00 for 20082016, and is adjusted for cost-of-living after 2008 2016 to the extent provided under section 415(d) of the Code.

Basic Annual Limitation. Except as provided in Sections 3.2 and 3.3, the maximum amount of the Elective Deferral Deferrals for any Participant under the Plan for any calendar year shall not exceed the lesser of (a) the applicable dollar amount or (b) the Participant's ’s Includible Compensation for the calendar year. The applicable dollar amount is the amount established under section 402(g)(1)(B) of the Code, which is $15,500 16,500 for 20082009, and is adjusted for cost-of-living after 2008 2009 to the extent provided under section 415(d) of the Code.

Basic Annual Limitation. Except as provided in Sections 3.2 and 3.3, the The maximum amount of the Elective Annual Deferral under the Plan for any calendar year shall not exceed the lesser of (a) the applicable dollar amount Applicable Dollar Amount or (b) the Participant's Includible Compensation for the calendar year. The applicable dollar amount Applicable Dollar Amount is the amount established under section 402(g)(1)(B457(e)(15) of the Code, which is $15,500 for 2008, and is adjusted Code applicable as set forth below: For the following years: The Applicable Dollar Amount is: 2014 $ 17,500 2015 or thereafter $ 18,000 Adjusted for cost-of-living after 2008 2015 to the extent provided under section 415(d) of the Code.