Common use of Defined Contribution Dollar Limitation Clause in Contracts

Defined Contribution Dollar Limitation. Thirty thousand dollars ($30,000) as adjusted by the Secretary of the Treasury for increases in the cost-of-living. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Code Section 415(d). Such increases will be in multiples of five thousand dollars ($5,000).

Appears in 8 contracts

Samples: 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (Idt Corp), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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Defined Contribution Dollar Limitation. Thirty This limit is forty thousand dollars ($30,00040,000) as adjusted by the Secretary of the Treasury for increases in the cost-of-living. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Code Section 415(d). Such increases will be in multiples of five one thousand dollars ($5,0001,000).

Appears in 6 contracts

Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc), Defined Contribution Plan (ASB Bancorp Inc)

Defined Contribution Dollar Limitation. Thirty Effective for Limitation Years beginning on or after January 1, 2009, this limit is forty nine thousand dollars ($30,00049,000) as adjusted by the Secretary of the Treasury for increases in the cost-of-living. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Code Section 415(d). Such increases will be in multiples of five one thousand dollars ($5,0001,000).

Appears in 2 contracts

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)

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Defined Contribution Dollar Limitation. Thirty This limit is forty thousand dollars ($30,00040,000) as adjusted by the Secretary of the Treasury for increases in the cost-of-living. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Code Section 415(d). Such increases will be in multiples of five thousand dollars ($5,000).

Appears in 1 contract

Samples: Defined Contribution Plan (1st Constitution Bancorp)

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