Dollar Limitation definition

Dollar Limitation means, effective for the first limitation year beginning after January 1, 2001, $160,000, automatically adjusted under Code Section 415(d), effective January 1 of each year, as published in the Internal Revenue Bulletin, and payable in the form of a straight life annuity. The new limitation shall apply to limitation years ending with or within the calendar year of the date of the adjustment, but a Member’s benefits shall not reflect the adjusted limit prior to January 1 of that calendar year. The Dollar Limitation shall be further adjusted based on the age of the Member when the benefit begins as follows:

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Dollar Limitation means the maximum permissible amount as such term is defined

Dollar Limitation means the adjusted value of $90,000 (or such ----------------- other amount as may be in effect on the last day of the Limitation Year pursuant to Code Section 415(d)) based on the age of the Participant when the benefit begins as follows:

Examples of 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).

• 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).

• If a determination period consists of fewer than 12 months, the Compensation Dollar Limitation for such period is an amount equal to the otherwise applicable Compensation Dollar Limitation 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.

• The adjusted Stock Prices and the Dollar Limitations will equal the Stock Prices and the Dollar Limitations applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Stock Price and Dollar Limitation adjustment and the denominator of which is the Conversion Rate as so adjusted.

• For this purpose, Total Compensation is subject to the Compensation Dollar Limitation as defined in Section 22.32.

More Definitions of Dollar Limitation

Dollar Limitation means the limitation provided in Code Section 415(c)(1)(A) (adjusted in accordance with regulations of the Secretary of the Treasury) as in effect for the particular Plan Year.

Dollar Limitation means $160,000 (subject to the annual adjustments provided under Section 415(d) of the IRC). Said amount shall be adjusted based on the age of the participant when benefits begin, as follows:

Dollar Limitation means, effective for the first limitation year

Dollar Limitation means the limitation provided in Code Section 415(c)(l)(A) (adjusted in accordance with regulations of the Secretary of the Treasury) as in effect for the particular Plan Year.

Dollar Limitation means the applicable dollar amount within the meaning of Section 457(b)(2)(A) of the Code, as adjusted for the cost-of-living in accordance with Section 457 (e)(15) of the Code.

Dollar Limitation means the annual dollar limitation on contributions to the Basic Plan, as set forth in Section 4.7 of that plan.

Dollar Limitation means the limitation provided in Code section 415(c)(1)(A) (adjusted in accordance with Internal Revenue Service Regulations) as in effect for the particular Plan Year.