Maximum Annual Contribution Limit definition

Maximum Annual Contribution Limit means the statutory maximum allowed under Section 223 of the Code.
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Maximum Annual Contribution Limit means the calendar year limit on the contributions to all Qualified ABLE Programs for the Beneficiary.
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Examples of Maximum Annual Contribution Limit in a sentence

  • Contributions in excess of the Maximum Annual Contribution Limit are subject to an excise tax.

  • The Account has a Maximum Annual Contribution Limit determined by the IRS.

  • Contributions to Archer MSAs and other HSAs count toward the Maximum Annual Contribution Limit.

  • It is the responsibility of the Owner to determine whether contributions to the Account have exceeded the Maximum Annual Contribution Limit described in Section 4.

  • The Maximum Annual Contribution Limit is listed on the HSA Website, www.irs.gov, and IRS Publication 969.

  • There is now a clear consensus, in Council of Europe and other democratic societies, that a government may not limit particular rights or obligations to married couples, and then tell same-sex couples that it is legally impossible for them to qualify for these rights or obligations, because they are not permitted to marry.

  • The HSA Maximum Annual Contribution Limit for the current calendar year is the annual maximum dollar limit set forth in Code Section 223(g), as adjusted annually to reflect changes in the cost-of-living.

  • The Maximum Annual Contribution Limit applies regardless of when you first become eligible to contribute to the HSA during the Plan Year, provided that you satisfy the “testing period.” The “testing period” begins the last month of your tax year (generally, December 1) and ends on the last day of the 12th month following that month (generally, December 31 of the following year).

  • If you make contributions to another employer’s plan OR own or have control in another employer and make contributions to the retirement plan maintained by that employer, the test for annual contributions requires aggregation of contributions to that employer plan with your §403(b) plan for the §415 Maximum Annual Contribution Limit.

  • In granting approval for the requested exemption under this section, the Board limits the exemption to shared activities that are currently provided for under Policies 10.08 and 10.09.

Related to Maximum Annual Contribution Limit

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Contribution Percentage means the percentage obtained by dividing (x) the Adjusted Net Worth (as defined below) of such Guarantor by (y) the aggregate Adjusted Net Worth of all Guarantors; (ii) the “Adjusted Net Worth” of each Guarantor shall mean the greater of (x) the Net Worth (as defined below) of such Guarantor and (y) zero; and (iii) the “Net Worth” of each Guarantor shall mean the amount by which the fair saleable value of such Guarantor’s assets on the date of any Relevant Payment exceeds its existing debts and other liabilities (including contingent liabilities, but without giving effect to any Guaranteed Obligations arising under this Guaranty or any guaranteed obligations arising under any guaranty of any Permitted Additional Indebtedness) on such date. Notwithstanding anything to the contrary contained above, any Guarantor that is released from this Guaranty pursuant to Section 17 hereof shall thereafter have no contribution obligations, or rights, pursuant to this Section 18, and at the time of any such release, if the released Guarantor had an Aggregate Excess Amount or an Aggregate Deficit Amount, same shall be deemed reduced to $0, and the contribution rights and obligations of the remaining Guarantors shall be recalculated on the respective date of release (as otherwise provided above) based on the payments made hereunder by the remaining Guarantors. All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 18, each Guarantor who makes any payment in respect of the Guaranteed Obligations shall have no right of contribution or subrogation against any other Guarantor in respect of such payment until the Termination Date. Each of the Guarantors recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such contribution. In this connection, each Guarantor has the right to waive its contribution right against any Guarantor to the extent that after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Required Lenders.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Excess Contribution means a contribution that exceeds the

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):