Contribution Dollar Limit means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code, which shall be seven thousand dollars ($7,000) per calendar year (as indexed for cost of living adjustments pursuant to Code Section 402(g)(5) and 415(d)).
Contribution Dollar Limit means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code (as indexed pursuant to Section 402(g)(4) of the Code, provided that no such adjustment will be taken into account hereunder before the Plan Year in which it becomes effective), determined without regard to catch-up contributions under Section 414(v) of the Code.
Contribution Dollar Limit means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code (as indexed pursuant to Sections 402(g)(5) and 415(d) of the Code, provided that no such adjustment will be taken into account hereunder before the Plan Year in which it becomes effective).
Examples of Contribution Dollar Limit in a sentence
The Administrator shall be responsible for ensuring that the Plan meets the ADP Test, the ACP Test and the Multiple Use Test, and that the Contribution Dollar Limit is not exceeded.
If a short Limitation Year is created because of an amendment changing the Limitation Year to a different 12 consecutive month period, the Defined Contribution Dollar Limit is multiplied by a fraction, the numerator of which is equal to the number of months in the short Limitation Year and the denominator of which is 12.
The process shall be repeated until the total of the Deferral dollar amount reductions equals the dollar amount of excess Deferrals for all HCEs. To the extent an HCE's Deferrals were determined to be reduced as described in the paragraph above, Pre-Tax Contributions shall, by the end of the next Plan Year, be refunded to the HCE, except that such amount to be refunded shall be reduced by Pre-Tax Contributions previously refunded because they exceeded the Contribution Dollar Limit.
In no event shall an Employee's Pre-Tax Contributions under the Plan and comparable contributions to all other plans, contracts or arrangements of all Related Companies exceed the Contribution Dollar Limit for the Employee's taxable year beginning in the Plan Year.
It must be at least as large as the Infinite bound (default value 1020).Elements n + 1 through n + m of bl and bu hold the bounds lA and uA: bl(n+1) = -infBnd bl(n+2) = -infBnd bl(n+3) = 1.0 bu(n+1) = 0.0bu(n+2) = 0.0bu(n+3) = 1.0 Note that the third row, which simply sums the variables, must have equal bounds to make it an “equality” row.
More Definitions of Contribution Dollar Limit
Contribution Dollar Limit. The annual limit placed on each Participant's Pre-Tax Contributions, which shall be $7,000 per calendar year (as adjusted for cost of living increases pursuant to Code sections 402(g)(5) and 415(d)). For purposes of this Section, a Participant's Pre-Tax Contributions shall include (i) any employer contribution under a qualified cash or deferred arrangement (as defined in Code section 401(k)) to the extent not includible in gross income for the taxable year under Code section 402(e)(3) (determined without regard to Code section 402(g)), (ii) any employer contribution to the extent not includible in gross income for the taxable year under Code section 402(h)(1)(B) (determined without regard to Code section 402(g)), (iii) any employer contribution to purchase an annuity contract under Code section 403(b) under a salary reduction agreement (within the meaning of Code section 3121(a)(5)(D)) and (iv) for calendar years commencing after December 31, 1996, any elective employer contribution under Code section 408(p)(2)(A)(i).
Contribution Dollar Limit. The annual limit placed on each Participant's Employee 401(k) Contributions, which shall be $7,000 per calendar year (as adjusted for the cost of living pursuant to Code sections 402(g)(5) and 415(d)). For purposes of this Section, a Participant's Employee 401(k) Contributions shall include (i) any employer contribution made under any qualified cash or deferred arrangement as defined in Code section 401(k) to the extent not includible in gross income for the taxable year under Code section 402(e)(3) or 402(h)(1)(B) (determined without regard to Code section 402(g)), and (ii) any employer contribution to purchase an annuity contract under Code section 403(b) under a salary reduction agreement (within the meaning of Code section 3121(a)(5)(D)).
Contribution Dollar Limit means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code (as indexed for cost of living adjustments pursuant to Sections 402(g)(5) and 415(d) of the Code).
Contribution Dollar Limit. The annual limit placed on each Participant's Before-Tax Contributions, which shall be $7,000 per calendar year (as indexed for the cost of living pursuant to Code sections 402(g)(5) and 415(d)). For purposes of this Section, a Participant's Before-Tax Contributions shall include (i) any employer contribution made under any qualified cash or deferred arrangement as defined in Code section 401(k) to the extent not includible in gross income for the taxable year under Code section 402(e)(3); (ii) any employer contribution to the extent not includible in gross income for the taxable year under Code section 402(h)(1)(B) (determined without regard to Code section 402(g)); and (iii) any employer contribution to purchase an annuity contract under Code section 403(b) under a salary reduction agreement (within the meaning of Code section 3121(a)(5)(D)).
Contribution Dollar Limit means the combined annual applicable dollar amount and catch-up contribution limit imposed on each Participant pursuant to Sections 402(g)(1)(B) and 414(v) of the Code (as indexed for cost of living adjustments pursuant to Code Sections 402(g)(4) and 414(v)(2)(C)).
Contribution Dollar Limit. The annual limit placed on each Participant’s Salary Deferral Contributions shall be $19,000 per calendar year (as adjusted for cost of living increases pursuant to Code Section 402(g)(4)). For purposes of this Section 1.14, a Participant’s Salary Deferral Contributions shall include any elective deferral to a Code Section 401(k) plan, a Code Section 408(k) simplified employer pension plan, a Code Section 403(b) annuity or custodial account plan, or a Code Section 408(p) simple retirement account.
Contribution Dollar Limit means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code (as indexed pursuant to Section 402(g)(4) of the Code, provided that no such adjustment will be taken into account hereunder before the Plan Year in which it becomes effective). 1.30 “ Contribution Election” or “Election” means the election made by an Active Participant who is an Eligible Employee to reduce the Compensation to be paid to him by an amount equal to the product of his Contribution Percentage and such Compensation subject to the Contribution Election. Subject to Section 3.1(b), such Contribution Election will specify the portion of the Contribution that is a Before-Tax Contribution and the portion that is an After-Tax Contribution. 1.31 “ Contribution Percentage” means the percentage of an Eligible Employee’s Compensation which is to be contributed to the Plan by his Employer as a Contribution, or where the context requires, as a Before-Tax Contribution or an After-Tax Contribution. 1.32 “ Designated Officer” means the Senior Vice President and any other officer of the Company, the Group Vice President, Human Resources of BP p.l.c. and any other officer of BP p.l.c., to whom (but only to the extent specifically provided), authority to act on behalf of the Company has been granted by the Board of Directors or one of its committees. 1.33 “ Direct Rollover” means a payment by the Plan to an Eligible Retirement Plan specified by a Distributee. 1.34 “ Disability” or Disabled” means the Participant has been determined to be disabled for purposes of Federal Old-Age, Survivors and Disability Insurance (Social Security) Benefits. 1.35 “ Distributee” means a Participant, or a Participant’s surviving Spouse; or, and only with regard to the interest of an Alternate Payee, a Participant’s Spouse or former Spouse who is the Alternate Payee. 1.36 “ Effective Date” means January 1, 2002, the date upon which the provisions of this amended and restated document take effect. 1.37 “ Eligible Employee” means an Employee of an Employer who is either (A) an at site hourly Employee who is associated with Employer-operated (direct operations) retail locations, or (B) an hourly Employee of an Air BP into plane fueling or tank farm operation (other than at Cleveland, Hopkins Airport), and whose Compensation is paid in U.S. currency, except that an Eligible Employee does not include: (a) an Employee who is represented by a union unless the union and the Employer have entered into a ...