Common use of Contribution Limit Clause in Contracts

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).

Appears in 1 contract

Sources: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)

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-rollovernon‑rollover) contribution that can be made to all the Participant's R▇▇▇ IRAs (including to this Designated R▇▇▇ ▇▇▇ which must be a non-Rollover non‑Rollover Contribution) for a Taxable Year is the smaller amount determined under (i) or (ii).

Appears in 1 contract

Sources: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

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).

Appears in 1 contract

Sources: Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

Contribution Limit. A Participant's ’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 ’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’s ▇▇▇▇ 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).

Appears in 1 contract

Sources: 401(k) Plan Adoption Agreement (Knowles Corp)