Common use of Compensation Limits Clause in Contracts

Compensation Limits. Effective Date of Increase in section 401(a)(17) Limit. In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one) ☐ a. $200,000 ☐ b. $150,000 for any determination period beginning in 1996 or earlier; $160,000 for any determination period beginning in 1997, 1998, or 1999; and $170,000 for any determination period beginning in 2000 or 2001.

Compensation Limits. Effective Date of Increase in section 401(a)(17) Limit. In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one) ☐ o a. $200,000 ☐ o b. $150,000 for any determination period beginning in 1996 or earlier; $160,000 for any determination period beginning in 1997, 1998, or 1999; and $170,000 for any determination period beginning in 2000 or 2001.

Compensation Limits. Effective Date of Increase in Code section 401(a)(17) Limit. In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one.) ☐ a. $200,000 200,000. ☐ b. $150,000 for any determination period beginning in 1996 or earlier; $160,000 for any determination period beginning in 1997, 1998, or 1999; and $170,000 for any determination period beginning in 2000 or 2001.