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).
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.
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. -------------------------------------------------------------------------------
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].
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.
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.
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.
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).