Common use of Limitation Year Clause in Contracts

Limitation Year. The limitation year as specified by the Employer in the Adoption Agreement. All qualified plans maintained by the employer must use the same limitation year. If the limitation year is amended to a different 12- consecutive month period, the new limitation year must begin on a date within the limitation year in which the amendment is made.

Appears in 4 contracts

Sources: Adoption Agreement (Ottawa Savings Bancorp, Inc.), Adoption Agreement (Atlantic Coast Federal Corp), Adoption Agreement (CCSB Financial Corp)

Limitation Year. The limitation year as specified by the Employer in the Adoption Agreement. All qualified plans maintained by the employer must use the same limitation year. If the limitation year is amended to a different 12- 12-consecutive month period, the new limitation year must begin on a date within the limitation year in which the amendment is made.

Appears in 3 contracts

Sources: Adoption Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Newport Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp)

Limitation Year. The limitation year Limitation Year as specified by the Employer in the Adoption Agreement. All qualified plans Qualified Plans maintained by the employer Employer must use the same limitation yearLimitation Year. If the limitation year Limitation Year is amended to a different 12- 12-consecutive month period, the new limitation year Limitation Year must begin on a date within the limitation year Limitation Year in which the amendment is made.

Appears in 2 contracts

Sources: Defined Contribution Plan (Innerdyne Inc), Prototype Defined Contribution Plan Adoption Agreement (Media 100 Inc)

Limitation Year. The limitation year as specified by shall be the Employer in Plan Year, unless the Adoption AgreementAgreement specifies a different limitation year. All qualified plans maintained by the employer Employer must use the same limitation year. If the limitation year is amended to a different 12- 12-consecutive month period, the new limitation year must begin on a date within the limitation year in which the amendment is made.

Appears in 1 contract

Sources: Adoption Agreement (Western Bancorp)