Limit on Catch-Up Deferrals. A Participant's Catch‑Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch‑Up Deferral dollar limit in effect for the Taxable Year ($5,000 for 2006).
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)
Limit on Catch-Up Deferrals. A Participant's Catch‑Up Catch-Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch‑Up Catch-Up Deferral dollar limit in effect for the Taxable Year ($5,000 for 2006).as set forth below:
Appears in 1 contract
Sources: Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)