Code Limitations definition

Code Limitations means the limitations imposed by Sections 401(a) and 415 of the Code, or any successor thereto, on the amount of the benefits which may be payable to a Participant from the Pension Plan.

Code Limitations means the limitations imposed by Code Section 415 on the amount of annual retirement benefits payable to employees from qualified pension plans and Code Section 401(a)(17) on the amount of annual compensation that may be taken into account for all qualified plan purposes.

Code Limitations means the cap on compensation taken into account by the Qualified Plan under Code Section 401(a)(17); the limitations on Section 401(k) contributions necessary to meet the average deferral percentage (“ADP”) test under Code Section 401(k)(3); the limitations on employee and matching contributions necessary to meet the average contribution percentage (“ACP”) test under Code Section 401(m); the dollar limitations on elective deferrals under Code Section 402(g); and the overall limitation on contributions imposed by Code Section 415(c), as such provisions may be amended from time to time, and any similar successor provisions of federal tax law.

Examples of Code Limitations in a sentence

• ARTICLE 12 - CODE LIMITATIONS Any article, section, or part of these guidelines that is or becomes contrary to applicable law is declared inoperable and void, and severed from these guidelines.

• ARTICLE VIII CODE LIMITATIONS Any of the articles, sections, and parts of this Financial Code shall be decreed inoperable and void if the article, section or part is contrary to State Statutes or Community College District 10 rules or regulations.

• ELECTRICAL CODE LIMITATIONS: Electrical codes are intended to meet a number of objectives: · Electrical safety · Fire safety · Meet the load · Comply with local distribution constraints · Accomplish the desired primary objective (lighting, heating, pumping, etc) · Accomplish desired secondary objectives (limit ground current, limit radio interference) a) Electrical safety is sufficiently important that there are dedicated electrical safety inspectors.

• PART VIII – INTERNAL REVENUE CODE LIMITATIONS ON CONTRIBUTIONS AND BENEFITS 801.

• WHERE NEW WORK IS REQUIRED AND IT CONFLICTS WITH EXISTING STRUCTURAL, MECHANICAL OR CODE LIMITATIONS, THE CONTRACTOR, BUILDER, OR THOSE IN RELEVANT OR CONTINGENT TRADES SHALL INFORM THE OWNER AND ARCHITECT OF SUCH, PRIOR TO PROCEEDING WITH SUCH WORK.

More Definitions of Code Limitations

Code Limitations means the cap on compensation taken into account by a tax-qualified plan under Code Section 401(a)(17) and the overall limitations on contributions and benefits imposed on qualified plans by Code Section 415, as such provisions may be amended from time to time, or replaced by similar successor provisions of federal tax law.

Code Limitations means the limitations imposed on deferrals under and contributions to the Qualified Plan under Code Sections 401(a)(17), 401(k)(3), 401(m)(2), 402(g)(1), 415, and such other Code sections as the Committee, in its sole discretion, may designate.

Code Limitations means the cap on compensation taken into account by a plan under Code Section 401(a)(17), the limitations on 401(k) contributions necessary to meet the average deferral percentage (“ADP”) test under Code Section 401(k)(3)(A)(ii), the limitations on employee and matching contributions necessary to meet the average contribution percentage (“ACP”) test under Code Section 401(m), the dollar limitations on elective deferrals under Code Section 402(g) and the overall limitations on contributions and benefits imposed on qualified plans by Code Section 415, as such provisions may be amended from time to time, and any similar successor provisions of federal tax law.

Code Limitations means the limitation of Code Section 401(a)(17) restricting the contributions of a Participant or the Company under the provisions of the Retirement Savings Plan.

Code Limitations means the cap on compensation taken into account by a plan under Code Section 401(a)(17), the dollar limitations on elective deferrals and Roth contributions under Code Section 402(g), and the overall limitations on contributions and benefits imposed on qualified plans by Code Section 415, as such provisions may be amended from time to time, and any similar successor provisions of federal tax law.

Code Limitations means the limitations imposed by Sections 401(a)(17) and 415 of the Code, or any successor(s) thereto, on the amount of the benefits which may be payable to a Participant from the Pension Plan.

Code Limitations means any one or more of the limitations and restrictions that Sections 401(a)(17), 401(k)(3), 401(m), 402(g) and 415(c) of the Code place on the pre-tax employee contributions and matching employer contributions of a participant in the Savings Plan. In addition, Code Limitations also means and refers to any limits placed on the contribution rate of a participant in the Savings Plan, including any such limits placed on highly compensated employees established by the administrative committee under the Savings Plan.