Permitted Contributions Sample Clauses

Permitted Contributions. The contributions checked below are currently permitted under the terms of the Plan. (check all that apply) þ Pre-Tax Elective Deferrals (see Section 4 of the Adoption Agreement on page 12) x Xxxx Elective Deferrals (see Section 4 of the Adoption Agreement on page 12) þ ADP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 13) o ACP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 13) o Non-Safe Harbor Matching Contributions (see Section 6 of the Adoption Agreement on page 14) þ Non-Safe Harbor Non-Elective Contributions (see Section 7 of the Adoption Agreement on page 16) þ Qualified Matching Contributions (see Sections 3.7 of the Basic Plan) þ Qualified Non-Elective Contributions (see Sections 3.8 of the Basic Plan) þ Rollover Contributions (see Section 8 of the Adoption Agreement on page 17) o Voluntary Employee Contributions (see Section 8 of the Adoption Agreement on page 18) o Deemed XXX Contributions (see Section 8 of the Adoption Agreement on page 18) o Prevailing Wage Contributions (see Section 9 of the Adoption Agreement on page 18)
Sample 1See All (5)
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Permitted Contributions. All regular contributions to the Roth IRA Account shall be in cash, and may be made under this Xxxxxxxph 2.1 by the Individual or the Individual's spouse (the "Spouse"). An Individual may make contributions to the Roth IRA Account even if the Individual has attained age 00-0/0. In general, the maximum amount that an Individual may contribute as a regular contribution to any Roth IRA Account for any taxable year is (i) the lesser of $2,000 xx 100% of the Individual's compensation, (ii) reduced by the amount of any other regular contribution for that year to any other Roth IRA or individual retirement plan under Code Section 408 ("XXX") for the benefit of the Individual. If the Individual is xxrried, the maximum amount the higher compensated spouse may contribute for the year is the lesser of $2,000 or 100% of that spouse's compensation, and the maximum amount the lower compensated spouse may contribute is the lesser of $2,000 or 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her Roth IRA (even if one spouse has no compensation). The maximux xxxxxx contribution amount will be reduced, however, if the Individual is single and has an adjusted gross income between $95,000 and $110,000, is married filing a joint return and has an adjusted gross income between $150,000 and $160,000, or is married filing separately and has an adjusted gross income between $0 and $10,000. An Individual cannot make a contribution to a Roth IRA if that person's adjusted gross income exceeds $110,000 xxx single individuals, $160,000 for married individuals filing jointly, or $10,000 for married individuals filing separately. Contributions to the Roth IRA Account will not be deductible for federal income tax xxxxxxes. The Trustee may, but is under no obligation to, refuse to accept annual Roth IRA Account contributions that exceed $2,000.
Sample 1
Permitted Contributions. All regular contributions to the Education Account made under this Section 2.1 by an individual, entity, or other person, including the Responsible Person, (collectively known as “Donors”) for the benefit of the Beneficiary, shall meet the following conditions: (a) the contribution must be made in cash; (b) the Beneficiary of the Education Account must not yet have attained the age of 18 (unless the Beneficiary has special needs, as determined under regulations issued pursuant to Code Section 530(b)(1)) as of the date the contribution is made (other than a Rollover Contribution described in Article III, below); (c) the total aggregate contributions to all education accounts described in Code Section 530 on behalf of the Beneficiary from all Donors (not including Rollover Contributions described in Article III, below) must not exceed $2,000 or such other amount as may from time to time be permitted under Code Section 530(b)(1) for the taxable year; and (d) the contribution for a taxable year must be made if the contribution is made by an individual no later than the time prescribed by law for filing the Donor’s federal income tax return for that taxable year (not including extensions thereof). In addition, the maximum aggregate contribution that any individual Donor may make to the Education Account in any taxable year is phased out for Donors (other than married Donors who file joint federal income tax returns) who have modified adjusted gross income (AGI) between $95,000 and $110,000 for the year of the contribution. The phase-out range for married individual Donors who file joint returns is modified AGI between $190,000 and $220,000 for the taxable year of the contribution. Individual Donors with modified AGI above $110,000 for the taxable year, and married Xxxxxx who file joint returns and have modified AGI above $220,000, as applicable, for the taxable year, may not make a contribution for that year. AGI phase-out ranges shall be the ranges stated in Code Section 530(c)(1), as amended from time to time. Modified AGI is defined in Code Section 530(c)(2).
Sample 1
Permitted Contributions. The scheme may accept only the following contributions: (1) contributions by members, including contributions made on behalf of a member paid by another individual (see rule 4.3); (2) contributions by the member’s employer(s) in respect of the member. An employer may only contribute to the scheme in a tax year when the member has been in service with that employer.
Sample 1
Permitted Contributions. The rules regarding contributions in Article I have been amended for taxable years beginning on or after January 1, 2002. Beginning in 2002, the maximum aggregate amount that may be contributed to the custodial account, except in cases of a rollover contribution, for any taxable year is the lesser of (1) the amount in effect under section 219(b)(1)(A) for such year (the “Dollar Limit”), or (2) 100% of the Depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a), or a Xxxx individual retirement account established under Code section 408A. For taxable years beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. In addition, beginning in 2002, Depositors who are 50 years of age or older may contribute an additional amount to the Trust in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For taxable years beginning on or after January 1, 2006, the Catch-Up Amount is increased to $1,000. The Catch-Up Amount is not subject to the same limits as the Dollar Limit (e.g., it is not limited by the Depositor’s compensation or other retirement related contributions). The Catch-Up Amount is also subject to mandatory reduction or other provisions after 2010. For taxable years beginning on or after January 1, 2002, a rollover contribution may also be made from a qualified deferred compensation arrangement described in section 457 of the Code. liability or responsibility for any tax imposed on account of any such contribution or distribution. Further, the Custodian shall not incur any liability or responsibility in taking or omitting to take any action based on any notice, election, or instruction or any written instrument believed by the Custodian to be genuine and to have been properly executed. The Custodian shall be under no duty of inquiry with respect to any such notice, election, i...
Sample 1
Permitted Contributions. The custodial account may accept rollover contributions described in section 408A(e) of the Code from another Xxxx individual retirement account, or from another individual retirement account under section 408(a) of the Code if the distribution meets the requirements of 408(d)(3) (“Rollover Contribution”). In addition, for taxable years beginning in 2006, a Rollover Contribution includes a distribution from a designated custodial account established in a qualified retirement account pursuant to section 402A(c)(3)(A) of the Code.
Sample 1
Permitted Contributions 
Sample 1
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Related to Permitted Contributions

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • USER GENERATED CONTRIBUTIONS The Licensed Application may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality, and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or in the Licensed Application, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Licensed Application and through third-party websites or applications. As such, any Contributions you transmit may be treated as non-confidential and non-proprietary. When you create or make available any Contributions, you thereby represent and warrant that: 1. The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party. 2. You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Licensed Application, and other users of the Licensed Application to use your Contributions in any manner contemplated by the Licensed Application and this License Agreement. 3. You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness or each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Licensed Application and this License Agreement. 4. Your Contributions are not false, inaccurate, or misleading. 5. Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation. 6. Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us). 7. Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone. 8. Your Contributions are not used to harass or threaten (in the legal sense of those terms) any other person and to promote violence against a specific person or class of people. 9. Your Contributions do not violate any applicable law, regulation, or rule. 10. Your Contributions do not violate the privacy or publicity rights of any third party. 11. Your Contributions do not violate any applicable law concerning child pornography, or otherwise intended to protect the health or well-being of minors. 12. Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap. 13. Your Contributions do not otherwise violate, or link to material that violates, any provision of this License Agreement, or any applicable law or regulation. Any use of the Licensed Application in violation of the foregoing violates this License Agreement and may result in, among other things, termination or suspension of your rights to use the Licensed Application.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

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