Section 415 Limitation definition

Section 415 Limitation means the limitation on benefits for qualified defined benefit pension plans and the limitation on allocations for qualified defined contribution plans, which are imposed by Section 415(b) and (c), respectively, of the Code, or any successor provision thereto.

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Section 415 Limitation means the limitation, imposed by section 415 of the Code, on the amount of retirement benefits payable from a qualified retirement plan to a participant in such plan.

Section 415 Limitation means the limitation under Section 415 of the Code on annual benefits payable from the Retirement Plans.

Examples of Section 415 Limitation in a sentence

For purposes of Code Section 415, Limitation Compensation shall be compensation as determined for purposes of (select one): x (1) Code Section 415 Safe-Harbor as defined in Section 3.9.1(H)(i) of basic plan document #03.
Section 4.15 Limitation on Lines of Business.................................
If CLEC provides a replacement letter of credit not later than ten (10) Business Days prior to the expiration of the expiring letter of credit, then Embarq shall not make a drawing under the expiring letter of credit.
Change of Control...................................................................54 Section 4.15 Limitation on Layered Indebtedness..................................................55 Section 4.16.
For purposes of Code Section 415, Limitation Compensation shall be compensation as determined for purposes of (select one): [X] (1) Code Section 415 Safe-Harbor as defined in Section 3.9.1(H)(i) of basic plan document #03.

More Definitions of Section 415 Limitation

Section 415 Limitation means the limitation on Annual Additions described in Section 6.3 of SIP.

Section 415 Limitation means the limitation on benefits for qualified defined benefit pension plans and the limitation on allocations

Section 415 Limitation means the annual limit imposed by Section 415 of the code on contributions and other additions, which may be made with respect to a Participant under Qualified Plans in which he participates.

Section 415 Limitation means the limitation on annual benefits payable from the Pension Plan imposed by Section 415 of the Internal Revenue Code of 1986, as amended. 7 Where applicable, words used in the masculine herein shall be read and construed in the feminine and words used in the feminine herein shall be read and construed in the masculine. Also, as used herein, singular pronouns shall include the plural or vice versa. Any reference to a "Section" or "Article" shall mean the indicated section or article of this Plan and any reference to a section, article or definition of the Pension Plan shall mean the indicated section, article or definition of the Pension Plan.

Section 415 Limitation means, as the case may be, the limitation on annual additions (in the form of employer and employee contributions) to the Savings Plan imposed by section 415 of the Code, including all provisions of the Savings Plan that have been adopted to comply with section 415 of the Code.

Section 415 Limitation means the limitation under Section 415 of the Code on annual benefits payable from the Pension Plan.

Section 415 Limitation means the limitation on annual benefits that may be provided under the Pension Plan imposed by Section 415 of the Code, as such limitation is from time to time adjusted.