Compensation Limitation definition

Compensation Limitation means the limitation of Section 401(a)(17) of the Code on the annual compensation of an Employee which may be taken into account under the Qualified Plans.

Compensation Limitation means the maximum amount of annual compensation under Section 401(a)(17) of the Code that may be taken into account in any Plan Year for benefit accrual purposes under the Pension Plan or the Cash Balance Plan.

Compensation Limitation means the limitation in effect under Section 401(a)(17) of the Code for the Plan Year.

Examples of Compensation Limitation in a sentence

• If a Determination Period consists of fewer than 12 months, the Compensation Limitation will be multiplied by a fraction, the numerator of which is the number of months in the Determination Period, and the denominator of which is 12.

• Further, in no event shall any individual Participating Broker Dealer receive total compensation including sales commissions, expense reimbursements, sales seminar or expense reimbursement exceed (10%) of the gross proceeds of their sales plus an additional (0.5%) for bona fide due diligence expenses as set forth in Rule 2810 of the NASD Conduct Rules (the Compensation Limitation).

• Notwithstanding the foregoing, a Participant’s Basic Compensation for a Plan Year shall not exceed the Compensation Limitation.

• Any reference in this Plan to the limitation under Section 401(a)(17) of the Code shall mean the Compensation Limitation set forth in this provision.

• Notwithstanding the foregoing, a Participant’s Compensation for a Plan Year shall not exceed the Compensation Limitation.

More Definitions of Compensation Limitation

Compensation Limitation means the limitation imposed by Section 401(a)(17) of the Code, as described below.

Compensation Limitation means the dollar amount of the annual compensation limitation under Code Section 401(a)(17), as in effect from time to time and as adjusted as provided therein for any calendar year.

Compensation Limitation means the limitation of Section 505(b)(7) of the Code on the annual compensation of a Deceased, Disabled or Retired Employee which may be taken into account under the Survivor Income Benefit Plan.

Compensation Limitation means the limitation in effect under section 401(a)(17) of the Code for the Plan Year. For purposes of applying the Compensation Limitation, the compensation of any of the

Compensation Limitation means, for any given year beginning on and after January 1, 1994, $150,000, as adjusted to and including such given year of determination in the manner provided under Code Section 401(a)(17).

Compensation Limitation means $150,000 as

Compensation Limitation means the limit stated in Code Section 401(a)(17)(A), as adjusted in accordance with Code Section 401(a)(17)(B).