Common use of Exclusion from Gross Income Clause in Contracts

Exclusion from Gross Income. For federal tax purposes, the Employee may exclude from gross income for any taxable year the Employer contributions that are made to the Account to the extent such contributions do not exceed the Employee's exclusion allowance under Section 403(b)(2) of the Code for the taxable year (and all other applicable limitations, including those set forth in Sections 3.4 and 3.7).

Exclusion from Gross Income. For federal income tax purposes, the Employee Participant may be permitted to exclude from gross income income, for any taxable year year, the Employer contributions that are made to the Account to the extent such contributions do not exceed the Employee's Participant’s exclusion allowance under Section 403(b)(2) of the Code for the taxable year (and all other applicable limitations, including those set forth in Sections 3.4 and 3.7)year.

Exclusion from Gross Income. For federal tax purposes, the Employee may exclude from gross income for any taxable year the Employer contributions that are made to the Account to the extent such contributions do not exceed the Employee's exclusion allowance under Section 403(b)(2) of the Code for the taxable year (and all other applicable limitations, including those set forth in Sections 3.4 and 3.7)year.

Exclusion from Gross Income. For federal income tax purposes, the Employee Participant may be permitted to exclude from gross income income, for any taxable year year, the Employer contributions that are made to the Account to the extent such contributions do not exceed the Employee's Participant’s exclusion allowance under Section 403(b)(2457(b)(2) of the Code for the taxable year (and all other applicable limitations, including those set forth in Sections 3.4 and 3.7)year.