Disregard Excess Deferral. For purposes of Sections 4.03, 4.04 and 4.05, an individual is treated as not having deferred compensation under a plan for a prior taxable year to the extent Excess Deferrals under the plan are distributed, as described in Section 4.08. To the extent that the combined deferrals for pre-2002 years exceeded the maximum deferral limitations, the amount is treated as an Excess Deferral for those prior years.
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Samples: content.lincolninvestment.com, content.lincolninvestment.com
Disregard Excess Deferral. For purposes of Sections 4.034.1, 4.04 4.2 and 4.054.3, an individual is treated as not having deferred compensation under a plan for a prior taxable year to the extent Excess Deferrals under the plan are distributed, as described in Section 4.084.6. To the extent that the combined deferrals for pre-2002 years exceeded the maximum deferral limitations, the amount is treated as an Excess Deferral for those prior years.
Appears in 2 contracts
Samples: www.calpers-sip.com, www.templecity.us
Disregard Excess Deferral. For purposes of Sections 4.03, 4.04 and 4.05, an An individual is treated as not having deferred compensation under a plan for a prior taxable year to the extent Excess Deferrals under the plan are distributed, as described in Section 4.084.06. To the extent that the combined deferrals for pre-2002 pre- 2002 years exceeded the maximum deferral limitations, the amount is treated as an Excess Deferral for those prior years.
Appears in 1 contract
Samples: mpera.mt.gov
Disregard Excess Deferral. For purposes of Sections 4.034.1, 4.04 4.2 and 4.054.3, an individual is treated as not having deferred compensation under compensationunder a plan for a prior taxable year to the extent Excess Deferrals under the plan are distributed, as described in Section 4.084.6. To the extent that the combined deferrals for pre-2002 years exceeded the maximum deferral limitations, the amount is treated as an Excess Deferral for those prior years.
Appears in 1 contract
Samples: www.calpers-sip.com