Permitted Contributions Sample Clauses

Permitted Contributions. The contributions checked below are currently permitted under the terms of the Plan. (check all that apply) x Pre-Tax Elective Deferrals (see Section 4 of the Adoption Agreement on page 11) x Xxxx Elective Deferrals (see Section 4 of the Adoption Agreement on page 11) o ADP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 11) o ACP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 12) x Non-Safe Harbor Matching Contributions (see Section 6 of the Adoption Agreement on page 12) o Non-Safe Harbor Non-Elective Contributions (see Section 7 of the Adoption Agreement on page 14) x Qualified Matching Contributions (see Sections 3.7 of the Basic Plan) x Qualified Non-Elective Contributions (see Sections 3.8 of the Basic Plan) x Rollover Contributions (see Section 8 of the Adoption Agreement on page 15 ) x Voluntary Employee Contributions (see Section 8 of the Adoption Agreement on page 16) o Deemed XXX Contributions (see Section 8 of the Adoption Agreement on page 16) o Prevailing Wage Contributions (see Section 9 of the Adoption Agreement on page 16)
AutoNDA by SimpleDocs
Permitted Contributions. The scheme may accept only the following contributions:
Permitted Contributions. The rules regarding contributions in Article I have been amended for taxable years beginning on or after January 1, 2002. Beginning in 2002, the maximum aggregate amount that may be contributed to the custodial account, except in cases of a rollover contribution, for any taxable year is the lesser of (1) the amount in effect under section 219(b)(1)(A) for such year (the “Dollar Limit”), or (2) 100% of the Depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a), or a Xxxx individual retirement account established under Code section 408A. For taxable years beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. In addition, beginning in 2002, Depositors who are 50 years of age or older may contribute an additional amount to the Trust in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For taxable years beginning on or after January 1, 2006, the Catch-Up Amount is increased to $1,000. The Catch-Up Amount is not subject to the same limits as the Dollar Limit (e.g., it is not limited by the Depositor’s compensation or other retirement related contributions). The Catch-Up Amount is also subject to mandatory reduction or other provisions after 2010. For taxable years beginning on or after January 1, 2002, a rollover contribution may also be made from a qualified deferred compensation arrangement described in section 457 of the Code. liability or responsibility for any tax imposed on account of any such contribution or distribution. Further, the Custodian shall not incur any liability or responsibility in taking or omitting to take any action based on any notice, election, or instruction or any written instrument believed by the Custodian to be genuine and to have been properly executed. The Custodian shall be under no duty of inquiry with respect to any such notice, election, i...
Permitted Contributions. The custodial account may accept rollover contributions described in section 408A(e) of the Code from another Xxxx individual retirement account, or from another individual retirement account under section 408(a) of the Code if the distribution meets the requirements of 408(d)(3) (“Rollover Contribution”). In addition, for taxable years beginning in 2006, a Rollover Contribution includes a distribution from a designated custodial account established in a qualified retirement account pursuant to section 402A(c)(3)(A) of the Code. Other rules and limitations may apply to Rollover Contributions, as described in the Disclosure Statement. If this custodial account is a Xxxx Conversion IRA, no contributions other than IRA conversion contributions made during the same tax year will be accepted. The maximum aggregate annual contributions to the custodial account are increased for taxable years beginning on or after January 1, 2002. The maximum aggregate annual amount that may be contributed to the custodial account, except in cases of a Rollover Contribution, for any taxable years beginning in 2002 is the lesser of (1) the amount in effect under section 219(b)(1)(A) of the Code for such year (the “Dollar Limit”), or 100% of the depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a) (“IRA Account”). For taxable years before January 1, 2002, the Dollar Limit is $2,000. Beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. The Dollar Limit described above is generally phased out for certain high income depositors, as described in section 408A(c) of the Code. Beginning in 2002, depositors who are 50 years of age or older may contribute an additional amount to their custodial account in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For the taxable year beginning January 1, 2006...
Permitted Contributions. All regular contributions to the Education Account made under this Section 2.1 by an individual, entity, or other person, including the Responsible Person, (collectively known as “Donors”) for the benefit of the Beneficiary, shall meet the following conditions:
Permitted Contributions. All regular contributions to the Roth IRA Account shall be in cash, and may be made under this Xxxxxxxph 2.1 by the Individual or the Individual's spouse (the "Spouse"). An Individual may make contributions to the Roth IRA Account even if the Individual has attained age 00-0/0. In general, the maximum amount that an Individual may contribute as a regular contribution to any Roth IRA Account for any taxable year is (i) the lesser of $2,000 xx 100% of the Individual's compensation, (ii) reduced by the amount of any other regular contribution for that year to any other Roth IRA or individual retirement plan under Code Section 408 ("XXX") for the benefit of the Individual. If the Individual is xxrried, the maximum amount the higher compensated spouse may contribute for the year is the lesser of $2,000 or 100% of that spouse's compensation, and the maximum amount the lower compensated spouse may contribute is the lesser of $2,000 or 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her Roth IRA (even if one spouse has no compensation). The maximux xxxxxx contribution amount will be reduced, however, if the Individual is single and has an adjusted gross income between $95,000 and $110,000, is married filing a joint return and has an adjusted gross income between $150,000 and $160,000, or is married filing separately and has an adjusted gross income between $0 and $10,000. An Individual cannot make a contribution to a Roth IRA if that person's adjusted gross income exceeds $110,000 xxx single individuals, $160,000 for married individuals filing jointly, or $10,000 for married individuals filing separately. Contributions to the Roth IRA Account will not be deductible for federal income tax xxxxxxes. The Trustee may, but is under no obligation to, refuse to accept annual Roth IRA Account contributions that exceed $2,000.
Permitted Contributions 

Related to Permitted Contributions

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.