Benefit Limitations definition

Benefit Limitations means the limitations, if any, on benefits payable to or in respect of an employee under the Pension Plan (i) pursuant to Section 415 or Section 401(a)(17) of the Code and any regulations promulgated with respect thereto or (ii) resulting from any exclusion from Basic Earnings (as defined in the Pension Plan) attributable to the deferral, pursuant to the Deferral Program, by such employee of Cash Incentive Payments, Salary or Compensation (as each such term is defined in the Deferral Program) otherwise payable currently.

Benefit Limitations means (i) the maximum “annual benefit” payable under the Basic Pension Plan in accordance with Section 415 of the Code and the implementing provisions of the Basic Pension Plan (as they operate in conjunction with the relevant provisions of other Company employee benefit plans), and (ii) the maximum amount of annual compensation of an employee that may be taken into account under the Basic Pension Plan in accordance with Section 401(a)(17) of the Code, as amended and supplemented, and the implementing provisions of the Basic Pension Plan.

Benefit Limitations means (i) the limitation imposed by section 401(a)(17) of the Code on the amount of an Eligible Employee's annual compensation that may be taken into account in computing the Eligible Employee's pension benefit under the Retirement Plan and (ii) the limitations imposed by section 415 of the Code on the amount of the pension benefit payable to an Eligible Employee under the Retirement Plan.

Examples of Benefit Limitations in a sentence

• Where Are Benefit Limitations Shown?When Benefits are limited within any of the Covered Health Care Service categories described in Section 1: Covered Health Care Services, those limits are stated in the corresponding Covered Health Care Service category in the Schedule of Benefits.

• The Benefit Limitations and Exclusions column includes common limitations and exclusions only.

• For a full list, see the full disclosure document referenced in the Benefit Limitations and Exclusions column.

• Where Are Benefit Limitations Shown?SAMPLEWhen Benefits are limited within any of the Covered Health Care Service categories described in Section 1: Covered Health Care Services, those limits are stated in the corresponding Covered Health Care Service category in the Schedule of Benefits.

• Where Are Benefit Limitations Shown?When Benefits are limited within any of the Covered Vision Care Service categories described in Section 1: Covered Vision Care Services, those limits are stated in the corresponding Covered Vision Care Service category in the Schedule of Covered Vision Care Services.

More Definitions of Benefit Limitations

Benefit Limitations means the limitations prescribed by Sections 415 and 401(a)(17) of the Code and relevant provisions of the Pension Plan in the calculation of retirement benefits under the Pension Plan.

Benefit Limitations means the limitations, if any, on benefits payable to or in respect of an employee under the Pension Plan (i) pursuant to Section 415 or Section 401(a)(17) of the Code and any regulations promulgated with respect

Benefit Limitations means the limitations imposed on the Pension Plan by Sections 401(a)(17) and 415 of the Code.

Benefit Limitations means the limitations on benefit accruals under the Retirement Plan set forth in Section 2.1.

Benefit Limitations means (i) the limit on compensation that can be taken into account in calculating qualified plan benefits under Section 401(a)(17) of the Code; and (ii) the maximum benefit limits under Section 415 of the Code.

Benefit Limitations means the provisions of Sections 401(a)(17) and 415, or their successors, of the Code as in force from time to time.

Benefit Limitations means the Code limits applicable to qualified plans such as the Retirement Savings Plan including but not limited to (a) maximum amount of "annual additions" which could have been made to an Employee's accounts under the Retirement Savings Plan in accordance with Section 415 of the Code; (b) the maximum compensation considered for plan purposes in accordance with Section 401(a)(17) of the Code; (c) the maximum aggregate amount of nontaxable contributions