Excess Compensation. For purposes of Section 3.04(B)(2), "Excess Compensation" means Compensation in excess of (Choose one of a. or b.): a. [ ] Percentage amount. % (not exceeding 100%) of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $ (not exceeding the taxable wage base). b. [ ] Dollar amount. The following amount: $ (not exceeding the taxable wage base in effect on the first day of the Plan Year).
Appears in 10 contracts
Samples: 401(k) Plan Amendment (Premiere Global Services, Inc.), Adoption Agreement (Finisar Corp), 401(k) Plan Adoption Agreement (Caterpillar Inc)
Excess Compensation. For purposes of Section 3.04(B)(2), "Excess Compensation" means Compensation in excess of (Choose one of a. or b.):
a. [ ] ¨ Percentage amount. % (not exceeding 100%) of the taxable wage base in effect on the first day of the Plan Year, rounded to the next highest $ (not exceeding the taxable wage base).
b. [ ] ¨ Dollar amount. The following amount: $ (not exceeding the taxable wage base in effect on the first day of the Plan Year).
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)
