Code Limits definition

Code Limits means Sections 401(a)(17) and 415 of the Code and any other provisions of the Code which limit the amount of benefits that a Participant may accrue or receive under or from the Retirement Plan.
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Code Limits means Section 401(a)(17) of the Code.
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Code Limits means the limits on Compensation set forth in Section
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Examples of Code Limits in a sentence

  • In Slovenia the general rules of criminal law would also apply: Article 26 of the Penal Code (Criminal Solicitation), Article 27 of the Criminal Code (Criminal Support), Article 28 of the Penal Code (Punishability of Those Soliciting or Supporting a Criminal Attempt) and Article 29 of the Penal Code (Limits of Criminal Liability and Punishability of Accomplices).

  • The report illustrates that the Storage Facility will mitigate noise emanating from the Storage Facility’s inverters to levels that conform with New York City Noise Control Code Limits.

  • PSEG Long Island requested that PS&S Engineering, PC (PS&S) perform a Noise Impact Assessment Study for the proposed substation upgrade to assess its potential noise level impacts at the closest residential and commercial property lines in the project area as compared with the New York State Department of Environmental Conservation (NYSDEC) Noise Policy Guidelines and the Town of Hempstead Noise Code Limits.

  • Internal Revenue Code Limits in 2019 Plan TypeParticipant LimitEmployer LimitDefined-contribution:100% or $56,00025% of participant’s (indexed) if lesstotal compensationDefined-benefit:100% or $225,000Amount necessary (indexed) if lessto fund compensationProfit-sharing:100% or $56,00025% of participant’s (indexed) if lesstotal compensation There are also limits to the types of retirement plans that can be used by different types of business entities.

  • The Project would introduce new commercial land uses adjacent to new and existing residential land uses; however, the types of commercial uses proposed are not anticipated to include substantial loading or unloading activities, operation of heavy mechanical equipment, or other uses that would result in noise that would exceed the City of Berkeley Municipal Code Limits.

  • Rule for Classifying Interest for Which a Deduction Is Allowed When Section 163(j) or Another Provision of the Code Limits DeductionsSection 59A(c)(3) provides a stacking rule in cases in which section 163(j) applies to a taxpayer, under which the reduction in the amount of deductible interest is treated as allocable first to interest paid or accrued to persons who are not related parties with respect to the taxpayer and then to related parties.

  • This information can be accessed through the OBJ2 table on MMARS or through an appendix (Object Code Limits for Incidental Purchases) in this handbook.

  • Shares subject to Awards that have been canceled, expired, forfeited or otherwise not issued under an Award and Shares subject to Awards settled in cash shall not count as Shares issued under this Plan.(c) Tax Code Limits.

  • Franklin Sigal, Comment, Out of Step: When the California Street Terrorism Enforcement and Prevention Act Stumbles into Penal Code Limits, 38 GOLDEN GATE U.

  • Internal Revenue Code Limits on ContributionsYour elective deferrals for a calendar year generally cannot exceed the lesser of $20,500 (for 2022) or 100% of your Testing Compensation (the “Regular Limit”).


More Definitions of Code Limits

Code Limits means Sections 401(a)(17) and 415 of the Code and any other provisions of the Code which, in the Committee’s determination, limit the amount of benefits which a Member may accrue under the Retirement Plan.
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Related to Code Limits

  • Code means the Internal Revenue Code of 1986, as amended.

  • Code Section 409A means section 409A of the Internal Revenue Code and the regulations thereunder.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • IRC means the Internal Revenue Code of 1986, as amended.

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Annual Addition The sum of the following amounts allocated on behalf of a Participant for a Limitation Year, of (i) all Employer contributions; (ii) all forfeitures; and (iii) all Employee contributions. Except to the extent provided in Treasury regulations, Annual Additions include excess contributions described in Code Section 401(k), excess aggregate contributions described in Code Section 401(m) and excess deferrals described in Code Section 402(g), irrespective of whether the plan distributes or forfeits such excess amounts. Annual Additions also include Excess Amounts reapplied to reduce Employer contributions under Section 3.10. Amounts allocated after March 31, 1984, to an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer are Annual Additions. Furthermore, Annual Additions include contributions paid or accrued after December 31, 1985, for taxable years ending after December 31, 1985, attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit fund (as defined in Code Section 419(e)) maintained by the Employer.

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Minimum Generation Emergency means an Emergency declared by the Office of the Interconnection in which the Office of the Interconnection anticipates requesting one or more generating resources to operate at or below Normal Minimum Generation, in order to manage, alleviate, or end the Emergency.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

  • Maximum Generation Emergency Alert means an alert issued by the Office of the Interconnection to notify PJM Members, Transmission Owners, resource owners and operators, customers, and regulators that a Maximum Generation Emergency may be declared, for any Operating Day in either, as applicable, the Day-ahead Energy Market or the Real-time Energy Market, for all or any part of such Operating Day. Maximum Run Time:

  • Railway Code Systems means necessary systems within the meaning of the Systems Code;

  • Dose limits means the permissible upper bounds of radiation doses established in accordance with these rules. For purposes of these rules, “limits” is an equivalent term.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Maximum Generation Emergency means an Emergency declared by the Office of the Interconnection to address either a generation or transmission emergency in which the Office of the Interconnection anticipates requesting one or more Generation Capacity Resources, or Non- Retail Behind The Meter Generation resources to operate at its maximum net or gross electrical power output, subject to the equipment stress limits for such Generation Capacity Resource or Non-Retail Behind The Meter resource in order to manage, alleviate, or end the Emergency.

  • Section 162(m) of the Code means the exception for performance-based compensation under Section 162(m) of the Code and any applicable treasury regulations thereunder.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Basic health plan means the plan described under chapter

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Safe Harbor Amount means 2.99 times the Executive’s “base amount,” within the meaning of Section 280G(b)(3) of the Code.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.