LIMITS ON CONTRIBUTIONS. Contributions to a Xxxxxxxxx ESA are for the year received, except that contributions made between January 1 and April 15th may be designated as for the prior year. • The maximum contribution to a Designated Beneficiary’s Xxxxxxxxx ESA is $2,000 for each tax year until the Designated Beneficiary attains age18. Assets transferred or rolled over into a Xxxxxxxxx ESA are excluded from the annual contribution limit. • For the year in which the Designated Beneficiary reaches age 18, contributions must be made on or before the Designated Beneficiary’s 18th birthday, unless the Designated Beneficiary has “special needs” (as defined under IRS regulations). • Contributions to a Xxxxxxxxx ESA that was established for a “special needs” Designated Beneficiary may continue after the Designated Beneficiary's 18th birthday. • Contributions may be made into a single Xxxxxxxxx ESA or into multiple Xxxxxxxxx ESAs for the benefit of any one Designated Beneficiary.
LIMITS ON CONTRIBUTIONS. We have the right not to accept any Contribution which is less than the minimum amount shown in the Data Pages. The Data Pages indicate other Contribution limitations and requirements which may apply. We also have the right, in addition to any such limitations and requirements, upon advance notice to you, to:
LIMITS ON CONTRIBUTIONS. Contributions to this annuity contract that represent contributions to the Plan must not exceed the limits set forth in IRC Section 415. Contributions to this annuity contract that represent elective deferrals cannot exceed the limits of IRC Section 402(g). Catch-up contributions may be made to the full extent permitted by IRC Section 414(v). Additional limits may apply under the terms of the Plan. The Plan Administrator shall ensure compliance with these IRC limits and any Plan limits.
LIMITS ON CONTRIBUTIONS. The following is added at the end of the existing Section: No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications. We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept. Except as otherwise indicated in this Section or the Data Pages, we accept only one Contribution to this Inherited NQ Contract. We will accept a single Contribution of a Section 1035 exchange of your interest as a beneficiary under the Deceased Holder’s Source Contract or any Interim Source Contract. See the Section, “Conditions Applicable to the Source Contract and the Exchange Transaction.” If you are a beneficiary under more than one Source Contract of the same Deceased Holder, you may make more than one exchange of your entire interest as a beneficiary from such Source Contract to this Inherited NQ Contract, and we will treat such multiple exchanges as one Contribution, provided that all of the Source Contracts and all of the exchange transactions meet the requirements of the Section, “Conditions Applicable to the Source Contract and the Exchange Transaction.” In the case of an Inbound Exchange Where Payments Have Started, the single Contribution is of the remaining interest under the Source Contract whether exchanged directly from the Source Contract or indirectly from an Interim Source Contract. We must receive the Contribution and information we require from the insurance company which issued the Deceased Holder’s Source Contract in sufficient time for us to begin making payments of the Annuity Benefit Under this Endorsement by the Required Payment Starting Date (see Section 4.03 below). See “Annuity Benefit Under This Endorsement” in Part [VIII.A]. 2021INHNQ-IR 4 No Contributions will be accepted after payments of the Annuity Benefit Under this Endorsement have begun. The following new Section is added at the end of this Part: SECTION [4.03] CONDITIONS APPLICABLE TO THE SOURCE CONTRACT AND THE EXCHANGE TRANSACTION Part I – Conditions applicable to the Source Contract and Exchange Transaction where Payments have not Started under the Deceased Holder’s Source Contract
LIMITS ON CONTRIBUTIONS. Contributions to an interest in this annuity contract that represent contributions to the Plan must not exceed the limits set forth in IRC Section 457(b) and (c). Catch-up contributions may be made to the full extent permitted by IRC Section 414(v). No elective contributions may be made by a participant with respect to any month unless the participant has entered an agreement for deferral before the first day of that month. However, an elective contribution may be made for the first month of employment of the participant if the agreement for deferral is made on or before the date that service with the Employer begins. Additional limits may apply under the terms of the Plan. The Plan Administrator shall ensure compliance with these IRC limits and any Plan limits.
LIMITS ON CONTRIBUTIONS. Equitable reserves the right not to accept any Contribution which is less than the amount shown in the Certificate. The applicable Appendix to this Contract indicates other minimum and maximum Contribution requirements which may apply. Equitable also reserves the right, upon advance notice to the Contract Holder and each Owner, to
LIMITS ON CONTRIBUTIONS. The following is added at the end of the existing Section: No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications. We indicate in the Data Pages and in this Item 4 any limits on the type, source or amount of contributions we will accept.
LIMITS ON CONTRIBUTIONS. UMPIP Your total before-tax contributions for the year cannot exceed the lesser of your cash salary or the annual 402(g) elective deferral limit ($17,500 for 2014). If you are age 50 or older by December 31, you may make additional catch-up contributions (up to $5,500 for 2014). If you have at least 15 years of service with all United Methodist-related organizations, you may make additional catch-up contributions. Call the General Board for further details. Your total before-tax and after-tax contributions, plus any plan sponsor contributions, cannot exceed your compensation for the plan year or $52,000 (for 2014), whichever is less. For this purpose, compensation does not include the value of any parsonage or housing allowance that is excluded from your taxable income.
LIMITS ON CONTRIBUTIONS. (a) Section 402(g)
LIMITS ON CONTRIBUTIONS. No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications. Except as otherwise indicated in this Section or the Data Pages, we will accept only rollover Contributions from another Roth IRA or direct xxxxxxxan-to-custodian transfers from another Roth individual rexxxxment account or another Roth individual rexxxxment annuity contract which meets the requirements of Sections 408 and 408A of the Code. We do not accept regular Roth IRA contributxxxx xxx of current compensation. We do not accept conversion rollover contributions from a traditional IRA to this Contract. No Contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2 year period beginning on the date you first participated in that employer's SIMPLE IRA plan.
