Common use of Contribution Limitations Clause in Contracts

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1) of the Internal Revenue Code, as adjusted for cost-of- living increases. For Employer Non-Elective Contributions made post-employment to former employees’ 403(b) account, the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limits, the excess amount, if any, shall be paid to the employee in the form of taxable compensation and reported on the employees W-2 Wage and Withholding Statement. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits are fully met through payment of the Employer’s Non-Elective Contribution.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1415 (C) (1) of the Internal Revenue Code, as adjusted for cost-of- living increases. For Employer Non-Elective elective Contributions made post-post- employment to former employees’ 403(b) account, accounts the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limitsLimits, the excess amount, if any, Employer shall be paid first make an Employer Non-elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non-Elective Contribution. In no case shall the Employer Non-elective Contribution exceed the Contribution Limit of the Internal Revenue Code.

Contribution Limitations. In any applicable year, the maximum Employer Non-Elective Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1) of the Internal Revenue Code, as adjusted for costcost- of-of- living increases. For Employer Non-Elective Contributions made post-post- employment to former employees’ 403(b) account, the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective Contribution referenced in any of the preceding paragraphs exceed exceeds the applicable Contribution limitsLimit, the excess amount, if any, BOCES shall be paid first make an Employer Non-Elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non-Non- Elective Contribution.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1) of the Internal Revenue Code, as adjusted for cost-of- of-living increases. For Employer Non-Elective elective Contributions made post-employment to former employees’ 403(b) account, the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limitsLimits, the excess amount, if any, Employer shall be paid first make an Employer Non-elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non-Elective Contribution. In no case shall the Employer Non-elective Contribution exceed the Contribution Limit of the Internal Revenue Code.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1415(c) of the Internal Revenue Code, as adjusted for cost-of- of-living increases. For Employer Non-Elective elective Contributions made post-employment to former employees’ 403(b) account, the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limitsLimit, the excess amount, if any, Employer shall be paid first make an Employer Non-elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non-Elective Contribution. In no case shall the Employer Non-elective Contribution exceed the Contribution Limit of the Internal Revenue Code.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1415 (C) (1) of the Internal Revenue Code, as adjusted for cost-of- of-living increases. For Employer Non-Elective elective Contributions made post-employment to former employees’ 403(b) account, accounts the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limitsLimits, the excess amount, if any, Employer shall be paid first make an Employer Non-elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non- Elective Contribution. In no case shall the Employer Non-Elective Contributionelective Contribution exceed the Contribution Limit of the Internal Revenue Code.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an employee’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1) of the Internal Revenue Code, as adjusted for cost-of- of-living increases. For Employer Non-Elective Non- elective Contributions made post-employment to former employees’ 403(b) account, the Contribution Limit shall be based on the employee’s compensation, as determined under Section 403(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective elective Contribution referenced in any of the preceding paragraphs or Paragraph 4, exceed the applicable Contribution limitsLimits, the excess amount, if any, Employer shall be paid first make an Employer Non-elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s Non-Elective Contribution.

Contribution Limitations. In any applicable year, the maximum Employer Contribution shall not cause an and employee’s 's 403(b) account to exceed the applicable contribution limit under Section 415(c)(1415 (c)(1) of the Internal Revenue Code, as adjusted for cost-of- of-living increases. For Employer Non-Elective Contributions made post-employment to former employees’ ' 403(b) account, the Contribution Limit contribution limit shall be based on the employee’s 's compensation, as determined under Section 403(b)(343(b)(3) of the Code. In the event that the calculation of the Employer Non-Elective Contribution referenced in any of the preceding paragraphs exceed the applicable Contribution limitslimit, the excess amount, if any, Employer shall be paid first make an Employer Non-Elective Contribution up to the employee in Contribution Limit of the form of taxable Internal Revenue Code and then pay any excess amount as compensation and reported on directly to the employees W-2 Wage and Withholding StatementEmployee. In no instance shall the Employee have any rights to, including the ability to receive, any excess amount as compensation unless and until the Contribution Limits Limit of the Internal Revenue Code are fully met through payment of the Employer’s 's Non-Elective Contribution. In no case shall the Employer Non-Elective Contribution exceed the Contribution Limit of the Internal Revenue Code.