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)(l) ofthe Code, as adjusted for cost-of-living increases. For Employer Non­ elective Contributions made post-employment to former Employee's 403(b) account, the Contribution Limit shall be based on the Employee's compensation, as determined under Section 403(b) (3) ofthe Code and in any event, no Employer Non-elective Contribution shall be made on behalfofsuch former Employee after the fifth taxable year following the taxable year in which that Employee terminated employment. In the event that the calculation ofthe Employer Non-elective Contribution referenced in any ofthe preceding paragraphs exceed the applicable contribution limits, the excess amount shall be handled by the Employer as follows:

Contribution Limitations. In any applicable year, the maximum Employer contribution shall not cause an EmployeeEmplo ee's 403(b) account to exceed the applicable contribution limit under Section 415 (c)(l) ofthe of the Code, as adjusted for cost-of-living increases. For Employer Non­ elective Non-electiYe Contributions made post-employment to former Employee's 403(b) account, the Contribution Limit shall be based on the Employee's compensation, as determined under Section 403(b) (3) ofthe of the Code and in any event, no Employer Nontfon-elective Contribution shall be made on behalfofsuch behalf of such former Employee after the fifth taxable year ear following the taxable year ear in which that Employee terminated employment. In the event that the calculation ofthe of the Employer Nontfon-elective Contribution referenced in any ofthe of the preceding paragraphs exceed the applicable contribution limits, the employer shall handle the excess amount shall be handled by the Employer as follows:

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)(l) ofthe of the Code, as adjusted for cost-of-living increases. For Employer Non­ elective Non-electiYe Contributions made post-employment to former Employee's 403(b) account, the Contribution Limit shall be based on the Employee's compensation, as determined under Section 403(b) (3) ofthe of the Code and in any event, no Employer Non-elective Contribution shall be made on behalfofsuch behalf of such former Employee after the fifth taxable year following the taxable year in which that Employee terminated employment. In the event that the calculation ofthe of the Employer Non-elective Contribution referenced in any ofthe of the preceding paragraphs exceed the applicable contribution limits, the employer shall handle the excess amount shall be handled by the Employer as follows:

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)(l) ofthe of the Code, as adjusted for cost-of-living increases. For Employer Non­ Non- elective Contributions made post-employment to former Employee's 403(b) account, the Contribution Limit shall be based on the Employee's compensation, as determined under Section 403(b) (3) ofthe of the Code and in any event, no Employer Non-elective Contribution shall be made on behalfofsuch behalf of such former Employee after the fifth taxable year following the taxable year in which that Employee terminated employment. In the event that the calculation ofthe of the Employer Non-elective Contribution referenced in any ofthe of the preceding paragraphs exceed the applicable contribution limits, the employer shall handle the excess amount shall be handled by the Employer as follows: