Examples of Section 415 Compensation in a sentence
For purposes of this Section, 415 Compensation for any limitation year ending in a Plan Year which began prior to January 1, 1984, subsequent to the last limitation year during which the Plan is a Top-Heavy Plan, or in which the Participant failed to complete a Year of Service, shall be disregarded.
For the purposes of this Section, "415 Compensation" of each Participant taken into account in determining the minimum Accrued Benefit under this Section in any Plan Year beginning after December 31, 2001, shall not exceed$200,000 (or such other amount provided in the Code).
For the purposes of this Section, 415 Compensation shall be limited to the same dollar limits set forth in Plan Section 1.16.
In absence of such ability, there is possibility of initial difficulty while integrating the received knowledge.97 Lack of value of one’s intuition: In today’s business world, people have started to value immeasurable things like knowledge but still intangible things like tacit knowledge are unusually valued.
In addition to other applicable limitations set forth in the Plan, and notwithstanding any other provisions of the Plan to the contrary, the annual Section 415 Compensation of each Participant taken into account under the Plan shall not exceed the annual limit established under Code section 401(a)(17) as adjusted.