Common use of Disregard Excess Deferral Clause in Contracts

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.

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.

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.

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.