Common use of Compensation Limit Clause in Contracts

Compensation Limit. The dollar limitation on compensation used to calculate contributions, apply the limitations in effect under Code Section 415, apply the ADP and ACP tests, and apply the top-heavy rules was increased to $200,000, as adjusted.

Appears in 2 contracts

Sources: Defined Contribution Plan (Acadia Pharmaceuticals Inc), Defined Contribution Plan (Cabot Microelectronics Corp)