LIMITATIONS ON CONTRIBUTIONS definition

LIMITATIONS ON CONTRIBUTIONS. Notwithstanding any other provisions of this Plan, ALL contributions FOR PLAN YEARS COMMENCING AFTER DECEMBER 31, 1986, shall be subject to the following limitations: (a) THE TOTAL AMOUNT OF A PARTICIPANT'S ELECTIVE DEFERRALS DURING ANY CALENDAR YEAR SHALL NOT EXCEED SEVEN THOUSAND DOLLARS ($7,000), WHICH AMOUNT SHALL BE INDEXED AT THE SAME TIME AND IN THE SAME MANNER AS THE DOLLAR LIMITATION FOR DEFINED BENEFIT PLANS IN CODE Section 415(B)(1)(A). FOR THIS PURPOSE A PARTICIPANT'S ELECTIVE DEFERRALS TO THIS PLAN PLUS THE PARTICIPANT'S ELECTIVE DEFERRALS PURSUANT TO ANY OTHER CODE Section 401(K) ARRANGEMENT, ELECTIVE DEFERRALS UNDER A SIMPLIFIED EMPLOYEE PENSION PLAN AND SALARY REDUCTION CONTRIBUTIONS TO A TAX-SHELTERED ANNUITY, IRRESPECTIVE OF WHETHER THE EMPLOYER OR ANY MEMBER OF A CONTROLLED GROUP OR AFFILIATED SERVICE GROUP TO WHICH THE EMPLOYER BELONGS MAINTAINS THE ARRANGEMENT, PLAN OR ANNUITY, SHALL BE AGGREGATED.
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LIMITATIONS ON CONTRIBUTIONS. The Administrator shall have the responsibility for monitoring the Fremont Plan's compliance with the limitations of Section 401(a) of the Code. The Administrator shall maintain such records as are necessary to demonstrate the Fremont Plan's compliance with Section 401(a) of the Code, and shall have discretionary power to take any and all steps it deems necessary or appropriate to ensure such compliance, including but not limited to, restricting the amount of Salary Reduction Contributions by any Fremont Plan Participant.
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Examples of LIMITATIONS ON CONTRIBUTIONS in a sentence

  • LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS..............................................................14 6.1. Ordering Rule..................................................................................14 6.2. Code ss.

  • LIMITATIONS ON CONTRIBUTIONS The Maximum Contribution you can make to this Plan is an amount equal to the total cost of purchasing the most expensive premium-type benefit available from each Benefit Category.

  • LIMITATIONS ON CONTRIBUTIONS AND OTHER ADDITIONS Federal law limits the total amount of contributions that may be contributed to the Plan on your behalf each year.

  • LIMITATIONS ON CONTRIBUTIONS 6.1 Annual Limit on Pre-Tax Elective Deferrals and Roth Elective Deferrals.

  • TO THE EXTENT THAT THE PARTICIPANT'S ACCRUED BENEFIT PAYABLE UNDER THE RETIREMENT PLAN IS INCREASED AT ANY TIME DUE TO INCREASES IN LIMITATIONS ON CONTRIBUTIONS AND BENEFITS IMPOSED BY SECTION 415 OF THE CODE OR TO INCREASES IN THE LIMITATION ON COMPENSATION IMPOSED BY SECTION 401(A)(17) OF THE CODE, WHETHER BY STATUTE, REGULATIONS, ACTION OF THE SECRETARY OF THE TREASURY OR HIS DELEGATE OR OTHERWISE, THE PARTICIPANT'S EXCESS RETIREMENT BENEFIT SHALL BE REDUCED CORRESPONDINGLY.

  • ARTICLE VV NONDISCRIMINATION LIMITATIONS ON CONTRIBUTIONS 5.1 Definitions.

  • LIMITATIONS ON CONTRIBUTIONS Limitation on Employee Salary Deferrals.

  • A-1 APPENDIX A LIMITATIONS ON CONTRIBUTIONS...................................................................

  • Parikh Title: Controller APPENDIX A LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS PART A.1 DEFINITIONS DEFINITIONS.

  • VIII 8.01 53 LIMITATIONS ON CONTRIBUTIONS AND BENEFITS IX 9.04 56 Article Section Page LOANS Assets...................................................

Related to LIMITATIONS ON CONTRIBUTIONS

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Payments in lieu of contributions means the money payments to

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Member contributions means all amounts paid to ASRS by a member.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Regular contributions means the amounts required to be

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • the Contributions and Benefits Act means the Social Security Contributions and Benefits Act 1992;

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Allocations means any and all of the allocations described in Sections 1.3(a), 1.3(b), 1.3(c) and 1.3(d) hereof.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.