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:

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

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).
For Limitation Years beginning on or after January 1, 2002, the Dollar Limitation is $40,000 as adjusted in accordance with Code §415(d).
In the case of a Participant who has had a severance from employment with the Employer, the Defined Benefit Dollar Limitation applicable to the Participant in any Limitation Year beginning after the date of severance shall be automatically adjusted under Code Section 415(d).
Thus, no proration of the Defined Contribution Dollar Limitation will be required.
The lesser of the Dollar Limitation or the Earnings Limitation (both adjusted where required, as provided below).

More Definitions of Dollar Limitation

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:

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 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, effective for the first limitation year

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

Dollar Limitation an amount equal to: $50,000,000

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: (i) Except with respect to a participant who is a “Qualified Participant” as defined in Section 415(b)(2)(H) of the Code, for benefits (except survivor and disability benefits as defined in Section 415(b)(2)(I) of the Code) beginning before age 62 the Age-Adjusted Dollar Limitation is equal to the lesser of--