Taxable Wage Base Sample Clauses
Taxable Wage Base. Taxable Wage Base is the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.
Taxable Wage Base. The contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.
Taxable Wage Base. For plans with an allocation formula which takes into account the Employer’s contribution under the Federal Insurance Contributions Act (FICA), the contribution and benefit base in effect under the Social Security Act (Section 203) at the beginning of the Plan Year.
Taxable Wage Base. If a contribution and/or allocation utilize the Taxable Wage Base, then the Taxable Wage Base that is used for a Plan Year will be determined as of the beginning of the Plan Year.
Taxable Wage Base. The maximum amount of wages taken into account for Social Security purposes. The Taxable Wage Base is used to determine the Integration Level for purposes of applying the permitted disparity allocation formula. See Section 3.02(a)(1)(i)(B) (Profit Sharing Plan) and Section 3.02(b)(2) (Money Purchase Plan).
Taxable Wage Base. The maximum amount of wages that are considered for Social Security purposes as in effect at the beginning of the Plan Year.