Defined Contribution Dollar Limitation definition

Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.
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Defined Contribution Dollar Limitation means $40,000 as adjusted under Code §415(d).
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Defined Contribution Dollar Limitation means $56,000 (or the amount as adjusted under Code §415(d)).
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Examples of Defined Contribution Dollar Limitation in a sentence

  • If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution Dollar Limitation multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is twelve (12).

  • Thus, no proration of the Defined Contribution Dollar Limitation will be required.

  • The term Defined Contribution Dollar Limitation shall mean $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in Internal Revenue Code section 415(b)(1) as in effect for the Limitation Year.

  • The term Maximum Permissible Amount shall mean the lesser of (1) the Defined Contribution Dollar Limitation, or (2) 25% of the Participant's Compensation for the Limitation Year.

  • If a short Limitation Year is created because of an amendment changing the Limitation Year to a different period of 12 consecutive months, the Maximum Permissible Amount for the short Limitation Year will be the lesser of (1) the Defined Contribution Dollar Limitation multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year, and the denominator of which is 12, or (2) 25% of the Participant's Compensation for the short Limitation Year.


More Definitions of Defined Contribution Dollar Limitation

Defined Contribution Dollar Limitation means the limitation described in Section 10.2(i).
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Defined Contribution Dollar Limitation means $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in Section 415(b)(1) of the Code as in effect for the Limitation Year.
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Defined Contribution Dollar Limitation means $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in section 415(b)(1) of the Code as in effect for the Limitation Year.
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Defined Contribution Dollar Limitation means the limitation described in Section 11.2(e).
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Defined Contribution Dollar Limitation means the lesser of:
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Defined Contribution Dollar Limitation means, effective with respect to Limitation Years beginning after December 31, 2001, $40,000 as adjusted under Code Section 415(d).
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Defined Contribution Dollar Limitation means $30,000 or if greater, one-fourth of the Defined Benefit Dollar Limitation as in effect for the Limitation Year.
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