Annual Compensation Limit definition

Annual Compensation Limit means $150,000, which amount may be adjusted in subsequent Plan Years based on changes in the cost of living as announced by the Secretary of the Treasury.
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Annual Compensation Limit means (1) $200,000 for the Plan Year beginning in 1989, which amount may be adjusted in subsequent Plan Years through the Plan Year beginning in 1993, based on changes in the cost of living as announced by the Secretary of the Treasury, and (2) $150,000 for the Plan Year beginning in 1994, which amount may be adjusted in subsequent Plan Years based on changes in the cost of living as announced by the Secretary of the Treasury.
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Annual Compensation Limit means $265,000 (for 2015), which amount may be adjusted in subsequent Plan Years based on changes in the cost of living as announced by the Secretary of the Treasury.
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Examples of Annual Compensation Limit in a sentence

  • For Plan Years beginning on or after January 1, 1994, any reference in this Plan to the limitation under Section 401(a)(17) of the Code shall mean the OBRA '93 Annual Compensation Limit set forth in this provision.

  • If a determination period consists of fewer than twelve (12) months, the OBRA '93 Annual Compensation Limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is twelve (12).

  • The OBRA '93 Annual Compensation Limit is one hundred and fifty thousand dollars ($150,000), as adjusted by the Commissioner for increases in the cost of living in accordance with Section 401(a)(17)(B) of the Code.

  • For Plan Years beginning after December 31, 2001, for purposes of determining Contributing Company contributions, the Annual Compensation Limit is $170,000.

  • Compensation of any Member in excess of the Annual Compensation Limit shall not be taken into account.


More Definitions of Annual Compensation Limit

Annual Compensation Limit means $225,000, as adjusted by the Commissioner of Internal Revenue for increases in the cost-of-living in accordance with Code Section 401(a)(17)(B).
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Annual Compensation Limit means the limitation on Base Wages and Compensation that may be taken into account under the Plan, in accordance with Code Section 401(a)(17) for a Plan Year. The Annual Compensation Limit shall be adjusted as of the first day of each Plan Year in accordance with Code Section 401(a)(17)(B).
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Annual Compensation Limit means $200,000, which amount may be adjusted in subsequent Plan Years based on changes in the cost of living as announced by the Secretary of the Treasury. In determining any benefit accruals in Plan Years beginning after June 30, 2002, the Annual Compensation Limit for Plan Years beginning before July 1, 2002, shall be the dollar amount as previously in effect under Code Section 401(a)(17), as modified by Plan Section 1.6(e).
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Annual Compensation Limit means the limit equal to the product of two (2) times the limit under Code section 401(a)(17) in effect for the Plan Year.
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Annual Compensation Limit means $250,000 (for the 2012 Plan Year), which amount may be adjusted in subsequent Plan Years based on changes in the cost of living as announced by the Secretary of the Treasury.
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Annual Compensation Limit means the annual compensation limit determined under section 401(a)(17) of the Code. Compliance with the Annual Compensation Limit shall be determined in accordance with the following rules:
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Annual Compensation Limit means the amount as determined annually by the Secretary of the Treasury pursuant to Code §401(a)(17) above which annual compensation is disregarded for qualified plans. The Annual Compensation Limit for the 2021 calendar year is
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