LIMITS ON CONTRIBUTIONS Sample Clauses
LIMITS ON CONTRIBUTIONS. Contributions to a Xxxxxxxxx ESA are for the year received, except that contributions made between January 1 and April 15th may be designated as for the prior year. • The maximum contribution to a Designated Beneficiary’s Xxxxxxxxx ESA is $2,000 for each tax year until the Designated Beneficiary attains age18. Assets transferred or rolled over into a Xxxxxxxxx ESA are excluded from the annual contribution limit. • For the year in which the Designated Beneficiary reaches age 18, contributions must be made on or before the Designated Beneficiary’s 18th birthday, unless the Designated Beneficiary has “special needs” (as defined under IRS regulations). • Contributions to a Xxxxxxxxx ESA that was established for a “special needs” Designated Beneficiary may continue after the Designated Beneficiary's 18th birthday. • Contributions may be made into a single Xxxxxxxxx ESA or into multiple Xxxxxxxxx ESAs for the benefit of any one Designated Beneficiary.
LIMITS ON CONTRIBUTIONS. We have the right not to accept any Contribution which is less than the minimum amount shown in the Data Pages. The Data Pages indicate other Contribution limitations and requirements which may apply. We also have the right, in addition to any such limitations and requirements, upon advance notice to you, to:
(a) change such limitations and requirements to apply to Contributions made after the date of such change, and
(b) discontinue acceptance of Contributions with respect to all Contracts or with respect to all Contracts of the same class.
LIMITS ON CONTRIBUTIONS. The following is added at the end of the existing Section: The following new Section is added at the end of this Part:
LIMITS ON CONTRIBUTIONS. Contributions to this annuity contract that represent contributions to the Plan must not exceed the limits set forth in IRC Section 415. Contributions to this annuity contract that represent elective deferrals cannot exceed the limits of IRC Section 402(g). Catch-up contributions may be made to the full extent permitted by IRC Section 414(v). Additional limits may apply under the terms of the Plan. The Plan Administrator shall ensure compliance with these IRC limits and any Plan limits.
LIMITS ON CONTRIBUTIONS. Contributions to this annuity contract that represent contributions to the Plan must not exceed the limits set forth in IRC Section 457(b) and (c). Catch-up contributions may be made to the full extent permitted by IRC Section 414(v). No elective contributions may be made by the Annuitant with respect to any month unless the Annuitant has entered an agreement for deferral before the first day of that month. However, an elective contribution may be made for the first month of employment of the Annuitant if the agreement for deferral is made on or before the date that service with the Employer begins. Additional limits may apply under the terms of the Plan. The Plan Administrator shall ensure compliance with these IRC limits and any Plan limits.
LIMITS ON CONTRIBUTIONS. Equitable reserves the right not to accept any Contribution which is less than the amount shown in the Certificate. The applicable Appendix to this Contract indicates other minimum and maximum Contribution requirements which may apply. Equitable also reserves the right, upon advance notice to the Contract Holder and each Owner, to
(a) change such requirements to apply to Contributions made after the date of such change, and
(b) discontinue acceptance of Contributions under this Contract (i) with respect to all Owners or (ii) with respect to all Owners to whom the same type of Certificate applies (as described in Section 1.07). PART IV - TRANSFERS AMONG INVESTMENT OPTIONS
LIMITS ON CONTRIBUTIONS. The following is added at the end of the existing Section: No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications. We indicate in the Data Pages and in this Item 4 any limits on the type, source or amount of contributions we will accept.
LIMITS ON CONTRIBUTIONS. The amount that may be contributed to the Plan on your behalf in any year is limited to a fixed dollar amount ($54,000 in 2017). In addition, contributions cannot exceed 100% of your total Compensation.
LIMITS ON CONTRIBUTIONS. 1. In no event shall the annual addition to a Participant's account under this Plan and any other contributions to qualified defined contribution plans maintained by the Company exceed the lesser of $30,000 (or, if greater, one-fourth (1/4) of the dollar-limitation in effect under Section 415(b)(1)(A) of the Code) or twenty-five percent (25%) of the Participant's total compensation from the Company. The annual addition shall be a Participant's wage reduction contributions and amounts allocated after March 31, 1984, to an individual medical account, as defined in Section 415(c)(2) of the Code, which is a part of a pension or annuity plan maintained by the Company. Amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits, allocated to the separate account of a key employee, as defined in Section 419A(d)(3) of the Code, under a welfare benefit fund, as defined in Section 419(e) of the Code, maintained by the Company are also treated as annual additions. For purposes of this Section C, compensation shall include all amounts received by a Participant from the Company during a Plan Year for the performance of personal services to the extent that such amounts are includable in taxable income. Effective January 1, 2000, in no event shall the amount of Participant wage reduction contributions to a Participant's account exceed $10,500 for any Plan Year (or, if greater, the dollar limitation in effect under Section 402(g)(1) of the Code).
2. If the annual addition limitation for any Participant would be exceeded by the amounts contributed to this Plan and any other defined contribution plans maintained by the Company, the contributions to the Participant's account made under this Plan shall be reduced as necessary.
a. If the Participant is or was formerly a Participant in a defined benefit plan maintained by the Company, the sum of the defined benefit plan fraction and the defined contribution plan fraction for any Plan Year may not exceed 1.0.
b. The defined benefit plan fraction is a fraction, the of which Is the sum of the Participant's projected annual benefits under all defined benefit plans (whether or not terminated) maintained by the Company, and the denominator of which is the lesser of (1) 1.25 times the dollar limitation of Section 415(b) (1) (A) of the Code in effect for the limitation year or (2) 1.4 times the Participant's average compe...
LIMITS ON CONTRIBUTIONS. No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications. Except as otherwise indicated in this Section or the Data Pages, we will accept only rollover Contributions from another Roth IRA or direct xxxxxxxan-to-custodian transfers from another Roth individual rexxxxment account or another Roth individual rexxxxment annuity contract which meets the requirements of Sections 408 and 408A of the Code. We do not accept regular Roth IRA contributxxxx xxx of current compensation. We do not accept conversion rollover contributions from a traditional IRA to this Contract. No Contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2 year period beginning on the date you first participated in that employer's SIMPLE IRA plan.