Common use of Compensation Dollar Limitation Clause in Contracts

Compensation Dollar Limitation. The dollar limitation section does not need to be completed unless Compensation of less than the Code Section 401(a)(17) limit of $200,000 is to be used. When an integrated allocation formula in Section VI is selected, Compensation cannot be limited to an amount less than the maximum amount under Code Section 401(a)(17).

Appears in 11 contracts

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (BBCN Bancorp Inc), Nonstandardized Adoption Agreement (First Northwest Bancorp)

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Compensation Dollar Limitation. The dollar limitation section does not need to be completed unless Compensation of less than the Code Section 401(a)(17) limit of $200,000 is to be used. When an integrated allocation formula in Section VI is selected, Compensation cannot be limited to an amount less than the maximum amount under Code Section 401(a)(17401{a)(17).

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Compensation Dollar Limitation. The dollar limitation section does not need to be completed unless Compensation of less than the Code Section 401(a)(17) limit of $200,000 is to be used. When an integrated allocation formula in Section VI is selected, Compensation cannot be limited to an amount less than the maximum amount under Code Section 401(a)(17).. DE3 3 401(k) NS AA #010

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)

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Compensation Dollar Limitation. The dollar limitation section does not need to be completed unless Compensation of less than the Code Section 401(a)(17) limit of $200,000 is to be used. When an integrated allocation formula in Section VI is selected, Compensation cannot be limited to an amount less than the maximum amount under Code Section 401(a)(17).. DE8 3 401(k) NS AA #010 5. Exclusions from Compensation (non-integrated plans only):

Appears in 1 contract

Samples: ASB Bancorp Inc

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