Compensation Limit definition

Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

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Compensation Limit means the compensation limit of section 401(a)(17) of the Code, as in effect on the first day of the Plan Year.

Compensation Limit means the annual limit of compensation that may be taken into account for purposes of providing benefits under a tax-qualified retirement plan pursuant to Section 401(a)(17) of the Code, as adjusted from time to time.

Examples of Compensation Limit in a sentence

• Deferred Compensation Plan, the ERISA Excess Benefit Plan for Dresser Industries Inc., the ERISA Compensation Limit Benefit Plan for Dresser Industries Inc., the Halliburton Group Canada Inc.

• However, any prorating of the Code §401(a)(17) Compensation Limit can only be made on a uniform, nondiscriminatory basis.

• If such base salary continuation payments do not exceed the Employee’s Compensation Limit, as defined in the Severance Policy, such payments shall be made in thirty (30) equal installments payable on the 15th and again on the last day of each month, beginning on the last day of the second month following the month in which the Employee’s Last Day of Employment occurs (and after the expiration of the seven-day revocation period stated in the Reaffirmation referenced below).

• 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.

• In no event shall the Advisory Compensation paid to the Advisor over any twelve (12) month period preceding an anniversary of the Effective Date exceed the Advisory Compensation Limit.

More Definitions of Compensation Limit

Compensation Limit means the maximum annual compensation allowed to be taken into account by the Pension Plan for any Plan Year pursuant to the provisions of §401(a)(17) of the Code or any successor provision thereto.

Compensation Limit means the annual amount specified under Section 401 (a)(17) of the Code, which dollar amount is $210,000 as of January 1, 2005 and as it may be adjusted in the future.

Compensation Limit has the same meaning assigned to it in the 401(k) Plan.

Compensation Limit means $200,000 (for 2002), as adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B) of the Code. The cost-of-living adjustment in effect for a calendar year applies to any determination period beginning in such calendar year. If a determination period consists of fewer than 12 months, the annual Compensation Limit is an amount equal to the otherwise applicable annual Compensation Limit multiplied by a fraction, the numerator of which is the number of months in the short determination period, and the denominator of which is 12.

Compensation Limit has the same meaning assigned to it in the Cash Balance Plan.

Compensation Limit means the amount of Compensation that may be taken into account under a Retirement Plan by reason of the provisions of Section 401(a)(17) of the Code.

Compensation Limit means the limitation imposed by Code § 401(a)(17) on the amount of Compensation which can be considered in determining the amount of an individual's Participant Contributions to the Qualified Plan.