Common use of Annual Maximum Clause in Contracts

Annual Maximum. A Participant's Recognized Compensation for a Plan Year shall not exceed the annual compensation limit under section 401(a)(17) of the Code, which is One Hundred Fifty Thousand Dollars ($150,000) (as adjusted under the Code for cost of living increases)........................................9

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Trust Agreement (Northstar Computer Forms Inc/Mn)

Annual Maximum. A Participant's Recognized Compensation for a Plan Year shall not exceed the annual compensation limit under section 401(a)(17) of the Code, which is One Hundred Fifty Thousand Dollars ($150,000) (as adjusted under the Code for cost of living increases)........................................9increases).

Appears in 1 contract

Sources: Employee Stock Ownership Plan Trust Agreement (Donaldson Co Inc)