Payroll Deferrals Limitation Sample Clauses

Payroll Deferrals Limitation. In no event shall the combined Pre-Tax Deferral Contributions and Xxxx Deferral Contributions for a Participant under the Plan, when combined with any other cash-or-deferred arrangement maintained by the Company or a Related Company), for any taxable year exceed $18,000 (in 2016) or such larger amount as may be permitted for that year under Section 402(g) of the Code.
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Related to Payroll Deferrals Limitation

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

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