Common use of Maximum Payment Amount Clause in Contracts

Maximum Payment Amount. The term "Maximum Payment Amount" means a monetary amount that is approximately equal to the tax the Service could collect upon plan disqualification and is the sum for the open taxable years of the:

Appears in 17 contracts

Sources: Employee Plans Compliance Resolution System, Revenue Procedure, Revenue Procedure

Maximum Payment Amount. The term "Maximum Payment Amount" means a monetary amount that is approximately equal to the tax the Service could collect upon plan disqualification as a result of the 403(b) Failure and is the sum for the open taxable years of the:

Appears in 9 contracts

Sources: Revenue Procedure, Revenue Procedure, Closing Agreements

Maximum Payment Amount. The term "Maximum Payment Amount" means a monetary amount that is approximately approxi- mately equal to the tax the Service could collect upon plan disqualification and is the sum for the open taxable years of the:

Appears in 2 contracts

Sources: Closing Agreements, Revenue Procedure