Definition of Tax Limits

  1. Tax Limits means the limitations imposed on a Participantbenefits under the Plan to satisfy the requirements of SS401(a)(17), SS402(g), or SS415 of the Code.

Examples of Tax Limits in a sentence

  1. An individual shall cease to be a Participant when the individual's future retirement benefits under the Pension Plan are no longer limited by either of the Tax Limits and when the individual and his or her Beneficiary have received all benefits payable under the Plan.

Definition of Tax Limits in Amended and Restated

Tax Limits means both (i) the limit on compensation under Section 401(a)(17) of the Code (as adjusted from time to time under the terms of the Pension Plan), and (ii) the maximum benefit limit under Section 415(b)(1)(A) of the Code (as adjusted from time to time under the terms of the Pension Plan).


Definition of Tax Limits in Retirement Plan

Tax Limits means the limitations imposed on a Participant's benefits under the Retirement Plan to satisfy the requirements of SS401(a)(17) or SS415 of the Code.


Definition of Tax Limits in Capital Accumulation Plan

Tax Limits means the limitations imposed on a Participantbenefits under the Plan to satisfy the requirements of SS401(a)(17), SS402(g), or SS415 of the Code.