Common use of Defined Contribution Dollar Limitation Clause in Contracts

Defined Contribution Dollar Limitation. Thirty thousand dollars ($30,000) or, if greater, one-fourth of the defined benefit dollar limitation set forth in Code Section 415(b)(1) as in effect for the Limitation Year.

Appears in 3 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Shared Technologies Cellular Inc)

AutoNDA by SimpleDocs

Defined Contribution Dollar Limitation. Thirty thousand dollars ($30,000) or, or if greater, one-one fourth of the defined benefit dollar limitation set forth in Code Section 415(b)(1415(b)(1)(A) as in effect for the Limitation Year.

Appears in 1 contract

Samples: Profit Sharing Plan (First Keystone Corp)

AutoNDA by SimpleDocs

Defined Contribution Dollar Limitation. Thirty thousand dollars (This shall mean the greater of $30,000) or, if greater, 30,000 or one-fourth (1/4) of the defined benefit dollar limitation set forth in Code of Section 415(b)(1) as of the Code in effect for the Limitation Yearlimitation year.

Appears in 1 contract

Samples: Employees Profit Sharing Retirement Plan (Continental Materials Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!