Contribution Limit Clause Samples

A Contribution Limit clause sets a maximum amount that a party is allowed or required to contribute under an agreement. This limit may apply to financial contributions, resources, or other specified inputs, and is often defined as a fixed sum, a percentage, or according to a predetermined formula. By establishing a clear cap on contributions, the clause helps prevent disputes over excessive demands and ensures predictability and fairness in the parties' obligations.
Contribution Limit. A Participant's contribution to the Designated R▇▇▇ ▇▇▇ and to all other R▇▇▇ IRAs for a Taxable Year may not exceed the lesser of the amount described in Section 3.12(C)(2) or the Participant's Compensation under Section 3.12(C)(4)(c). However, if (i) and/or (ii) below apply, the maximum (non-rollover) contribution that can be made to all the Participant's R▇▇▇ IRAs (including to this Designated R▇▇▇ ▇▇▇ which must be a non-Rollover Contribution) for a Taxable Year is the smaller amount determined under (i) or (ii).
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Contribution Limit. Except in the case of a rollover contribution described in section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16), an employer contribution to a simplified employee pension plan as described in section 408(k) or a recharacterized contribution described in section 408A(d)(6), the custodian will accept only cash contributions up to $3,000 per year for tax years 2002 through 2004. That contribution limit is increased to $4,000 for tax years 2005 through 2007 and $5,000 for 2008 and thereafter. For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is increased to $3,500 per year for tax years 2002 through 2004, $4,500 for 2005, $5,000 for 2006 and 2007, and $6,000 for 2008 and thereafter. For tax years after 2008, the above limits will be increased to reflect a cost-of-living adjustment, if any.
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Contribution Limit. We may refuse to accept a Contribution made with respect to an Annuitant if the total prior Contributions made exceed (or if acceptance of such Contribution would cause the total Contributions to exceed) the following: (i) $500,000, if the Annuitant's current age last birthday is 75 or less. (ii) $250,000, if the Annuitant's current age last birthday is 76-79. We may refuse to accept any Contribution made with respect to an Annuitant if such ▇▇▇▇▇▇▇▇▇'s current age last birthday is 80 or greater. -------------------------------------------------------------------------------
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Contribution Limit. Vesting: Employees are 100% vested upon reaching two years of vesting service. Company Match: 100% match of the first 1% [one- percent] of pretax employee contribution; 50% match of the next 5% [five-percent] of pretax employee contribution [as required currently, Associates must have 1,000 hours paid in order to receive the Company match]. B. After December 31, 2013, additional benefits in the Macy's Inc., Cash Account Pension Plan are discontinued [this includes the May Department Stores Company Retirement Plan].
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Contribution Limit. 2.01 Contributions to your HSA are subject to a maximum annual limit, based on whether you have elected single or family coverage under your HDHP. For calendar year 2021, the maximum annual contribution limit for an individual with single coverage is $3,600, and the maximum annual contribution limit for an HSA accountholder with family coverage is $7,200. These limits are subject to cost-of-living adjustments. Eligibility and contribution limits are determined on a month-to-month basis. 2.02 Contributions to ▇▇▇▇▇▇ MSAs or other HSAs count toward the maximum annual contribution limit to this HSA. 2.03 An additional $1,000 catch-up contribution may be made if you are at least age fifty-five (55) or older and not enrolled in Medicare. 2.04 Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not subject to an excise tax.
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Contribution Limit. The contribution limit for the totals of section 2,3 and 4 above will not exceed $22,400 for 2018-19 and 2019-20.
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Contribution Limit. 2.01 Contributions to your HSA are subject to a maximum annual limit, based on whether you have elected single or family coverage under your HDHP. For calendar year 2020, the maximum annual contribution limit for an individual with single coverage is $3,550, and the maximum annual contribution limit for an HSA accountholder with family coverage is 2.02 Contributions to ▇▇▇▇▇▇ MSAs or other HSAs count toward the maximum annual contribution limit to this HSA. 2.03 An additional $1,000 catch-up contribution may be made if you are at least age fifty-five (55) or older and not enrolled in Medicare. 2.04 Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not subject to an excise tax.
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Contribution Limit. A Participant's contribution to the Designated Ro▇▇ ▇▇▇ ▇nd to all other Ro▇▇ ▇RAs for a Taxable Year may not exceed the lesser of the amount described in Section 3.12(C)(2) or the Participant's Compensation under Section 3.12(C)(4)(c). However, if (i) and/or (ii) below apply, the maximum (non- rollover) contribution that can be made to all the Participant's Ro▇▇ ▇RAs (including to this Designated Ro▇▇ ▇▇▇ ▇hich must be a non-Rollover Contribution) for a Taxable Year is the smaller amount determined under (i) or (ii).
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Related to Contribution Limit

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Contribution Amounts The Company, the Selling Shareholders and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.6. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.