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).
Appears in 6 contracts
Samples: Custody and Investment Accounting Agreement (Bull & Bear Gold Investors LTD), Custody and Investment Accounting Agreement (Bull & Bear Special Equities Fund Inc), Custody and Investment Accounting Agreement (Bull & Bear Funds I Inc)
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.
Appears in 3 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
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.
Appears in 2 contracts
Samples: Master Self Employed Retirement Plan Adoption Agreement (Investors Research Fund Inc), Section 403(b)(7) Custodial Account Agreement (Payden & Rygel Investment Group)
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.
Appears in 1 contract
Samples: Client Services Agreement
