Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.
Compensation Limit means the compensation limit of section 401(a)(17) of the Code, as in effect on the first day of the Plan Year.
Compensation Limit means the annual limit of compensation that may be taken into account for purposes of providing benefits under a tax-qualified retirement plan pursuant to Section 401(a)(17) of the Code, as adjusted from time to time.
Examples of Compensation Limit in a sentence
Workers’ Compensation: Limit: Statutory coverage for the State where the project is located.
Compensation in excess of the Statutory Compensation Limit is disregarded.
However, any prorating of the Code §401(a)(17) Compensation Limit can only be made on a uniform, nondiscriminatory basis.
Notwithstanding the foregoing, for all purposes under this Plan, Compensation in excess of the Statutory Compensation Limit will be disregarded.
Aggregate Compensation in excess of the Statutory Compensation Limit is disregarded.
More Definitions of Compensation Limit
Compensation Limit means an amount determined and adjusted pursuant to Code section 401(a)(17) and the guidance issued thereunder that sets forth the maximum annual Compensation that may be taken into account under the NCTI Savings Plan or the Dow Jones 401(k) Plan, as applicable. The Compensation Limit for 2013 is $255,000.
Compensation Limit means the maximum annual compensation allowed to be taken into account by the Pension Plan for any Plan Year pursuant to the provisions of §401(a)(17) of the Code or any successor provision thereto.
Compensation Limit means $200,000 (for 2002), as adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B) of the Code. The cost-of-living adjustment in effect for a calendar year applies to any determination period beginning in such calendar year. If a determination period consists of fewer than 12 months, the annual Compensation Limit is an amount equal to the otherwise applicable annual Compensation Limit multiplied by a fraction, the numerator of which is the number of months in the short determination period, and the denominator of which is 12.
Compensation Limit means the annual amount specified under Section 401 (a)(17) of the Code, which dollar amount is $210,000 as of January 1, 2005 and as it may be adjusted in the future.
Compensation Limit has the same meaning assigned to it in the Cash Balance Plan.
Compensation Limit means the amount of Compensation that may be taken into account under a Retirement Plan by reason of the provisions of Section 401(a)(17) of the Code.
Compensation Limit means the dollar limitation in effect under section 401(a)(17) of the Code with respect to a Plan Year, adjusted for inflation.