Compensation Limitation definition

Compensation Limitation means the limitation of Section 401(a)(17) of the Code on the annual compensation of an Employee which may be taken into account under the Qualified Plans.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Compensation Limitation means the maximum amount of annual compensation under Section 401(a)(17) of the Code that may be taken into account in any Plan Year for benefit accrual purposes under the Pension Plan or the Cash Balance Plan.

Compensation Limitation means the dollar amount of the annual compensation limitation under Code Section 401(a)(17), as in effect from time to time and as adjusted as provided therein for any calendar year.

Examples of Compensation Limitation in a sentence

Further, in no event shall any individual Participating Broker Dealer receive total compensation including sales commissions, expense reimbursements, sales seminar or expense reimbursement exceed (10%) of the gross proceeds of their sales plus an additional (0.5%) for bona fide due diligence expenses as set forth in Rule 2810 of the NASD Conduct Rules (the Compensation Limitation).
Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Provider Agency.
The salary compensation limitation for a part-time employee, or for an employee whose time is only partly spent on activities compensated under this contract, shall be calculated by prorating the compensation for the position as prescribed under the Full-time Salary Compensation Limitation Schedule.
Further, in no event shall any individual Participating Broker Dealer receive total compensation including sales commissions, expense reimbursements, sales seminar or expense reimbursements exceed (10%) of the gross proceeds of their sales plus an additional (0.5%) for bona fide due diligence expenses as set forth in Rule 2810 of the NASD Conduct Rules (the Compensation Limitation).
Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Contracted State Agency.

More Definitions of Compensation Limitation

Compensation Limitation means the limitation in effect under Section 401(a)(17) of the Code for the Plan Year.

Compensation Limitation means the limitation imposed by Section 401(a)(17) of the Code, as described below.

Compensation Limitation means, for any given year beginning on and after January 1, 1994, $150,000, as adjusted to and including such given year of determination in the manner provided under Code Section 401(a)(17).

Compensation Limitation means the limitation of Section 505(b)(7) of the Code on the annual compensation of a Deceased, Disabled or Retired Employee which may be taken into account under the Survivor Income Benefit Plan.

Compensation Limitation means the limit stated in Code Section 401(a)(17)(A), as adjusted in accordance with Code Section 401(a)(17)(B).

Compensation Limitation means, with respect to a Savings Plan Year, the limitation on compensation determined under Code Section 401(a)(17) and Treasury Regulations promulgated thereunder.

Compensation Limitation means, for any given year beginning on and after