Common use of ANNUAL LIMITATION Clause in Contracts

ANNUAL LIMITATION. For Plan Years beginning on or after January 1, 1994 and prior to January 1, 2002, a Participant’s annual Compensation that may be taken into account for all purposes under this Plan shall not exceed the OBRA ’93 annual compensation limit. The OBRA ’93 annual compensation limit shall be $150,000, as adjusted by the Commissioner for increases in the cost of living in accordance with Code section 401(a)(17)(B). Compensation in excess of the OBRA ’93 limit shall be disregarded. For Plan Years beginning prior to January 1, 1994, a Participant’s annual Compensation that may be taken into account for all purposes under this Plan is subject to the Annual Limitation. Annual Limitation means $200,000, as adjusted annually by the Commissioner. Compensation in excess of the Annual Limitation shall be disregarded. Contributions allocated or benefits accrued under this Plan for Plan Years prior to January 1, 1989, are not subject to the Annual Limitation, except for Top-Heavy Plan Years. For Top-Heavy Plan Years prior to January 1, 1989, the Annual Limitation is $200,000.

ANNUAL LIMITATION. For Plan Years beginning on or after January 1, 1994 and prior to January 1, 2002, a Participant’s 's annual Compensation that may be taken into account for all purposes under this Plan shall not exceed the OBRA ’'93 annual compensation limit. The OBRA ’'93 annual compensation limit shall be $150,000, as adjusted by the Commissioner for increases in the cost of living in accordance with Code section 401(a)(17)(B). Compensation in excess of the OBRA ’'93 limit shall be disregarded. For Plan Years beginning prior to January 1, 1994, a Participant’s 's annual Compensation that may be taken into account for all purposes under this Plan is subject to the Annual Limitation. Annual Limitation means $200,000, as adjusted annually by the Commissioner. Compensation in excess of the Annual Limitation shall be disregarded. Contributions allocated or benefits accrued under this Plan for Plan Years prior to January 1, 1989, are not subject to the Annual Limitation, except for Top-Heavy Plan Years. For Top-Heavy Plan Years prior to January 1, 1989, the Annual Limitation is $200,000.

ANNUAL LIMITATION. For Plan Years beginning on or after January 1, 1994 and prior to January 1, 2002, a Participant’s annual Compensation that may be taken into account for all purposes under this Plan shall not exceed the OBRA ’‘93 annual compensation limit. The OBRA ’‘93 annual compensation limit shall be $150,000, as adjusted by the Commissioner for increases in the cost of living in accordance with Code section 401(a)(17)(B). Compensation in excess of the OBRA ’93 limit shall be disregarded. For Plan Years beginning prior to January 1, 1994, a Participant’s annual Compensation that may be taken into account for all purposes under this Plan is subject to the Annual Limitation. Annual Limitation means $200,000, as adjusted annually by the Commissioner. Compensation in excess of the Annual Limitation shall be disregarded. Contributions allocated or benefits accrued under this Plan for Plan Years prior to January 1, 1989, are not subject to the Annual Limitation, except for Top-Heavy Plan Years. For Top-Heavy Plan Years prior to January 1, 1989, the Annual Limitation is $200,000.

ANNUAL LIMITATION. For Plan Years beginning on or after January 1, 1994 and prior to January 1, 2002, a Participant’s 's annual Compensation that may be taken into account for all purposes under this Plan shall not exceed the OBRA ’"93 annual compensation limit. The OBRA ’"93 annual compensation limit shall be $150,000, as adjusted by the Commissioner for increases in the cost of living in accordance with Code section 401(a)(17)(B). Compensation in excess of the OBRA ’"93 limit shall be disregarded. For Plan Years beginning prior to January 1, 1994, a Participant’s 's annual Compensation that may be taken into account for all purposes under this Plan is subject to the Annual Limitation. Annual Limitation means $200,000, as adjusted annually by the Commissioner. Compensation in excess of the Annual Limitation shall be disregarded. Contributions allocated or benefits accrued under this Plan for Plan Years prior to January 1, 1989, are not subject to the Annual Limitation, except for Top-Heavy Plan Years. For Top-Heavy Plan Years prior to January 1, 1989, the Annual Limitation is $200,000.