Defined Contribution Dollar Limitation definition

Defined Contribution Dollar Limitation means $56,000 (or the amount as adjusted under Code §415(d)).

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Defined Contribution Dollar Limitation means $40,000 as adjusted under Code §415(d).

Defined Contribution Dollar Limitation means $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in section 415(b)(1) of the Code as in effect for the Limitation Year.

Examples of Defined Contribution Dollar Limitation in a sentence

• If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution Dollar Limitation multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is twelve (12).

• If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution Dollar Limitation multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year, and the denominator of which is twelve (12).

• For a Limitation Year, the Maximum Permissible Amount with respect to any Participant shall be the lesser of (i) the Defined Contribution Dollar Limitation or (ii) twenty-five percent (25%) of the Participant's Compensation for the Limitation Year.

• The "Defined Contribution Dollar Limitation" shall be the greater of: (i) $30,000; or (ii) one-fourth (1/4) of the defined benefit dollar limitation set forth in Code Section 415(b)(i) as in effect for the Limitation Year.

• For purposes of section 4.1, "Defined Contribution Dollar Limitation" shall mean $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in section 415(b)(1) of the Code as in effect for the Limitation Year.

More Definitions of Defined Contribution Dollar Limitation

Defined Contribution Dollar Limitation means for any Limitation Year, $30,000 or, if greater, 25% of the Defined Benefit Dollar Limitation for the same Limitation Year. If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentences multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

Defined Contribution Dollar Limitation means the limitation described in Section 10.2(i).

Defined Contribution Dollar Limitation means $30,000 or if greater, one-fourth of the defined benefit dollar limitation set forth in Code Section 415(b)(1) as in effect for the Limitation Year.

Defined Contribution Dollar Limitation means the lesser of:

Defined Contribution Dollar Limitation means, effective with respect to Limitation Years beginning after December 31, 2001, $40,000 as adjusted under Code Section 415(d).

Defined Contribution Dollar Limitation means $30,000 or, if greater, 25% of the defined benefit dollar limitation set forth in Section 415(b)(1) of the Code as in effect for the limitation year.

Defined Contribution Dollar Limitation means $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in Section 415(b)(1)(A) of the Code as in effect for the Limitation Year; provided, however, that in the case of a Limitation Year less than 12 months in duration due to an amendment changing the Limitation Year to a different 12-month period, the Defined Contribution Dollar Limitation shall be a fraction of the foregoing amount equal to the number of full months in the Limitation Year divided by 12.