Common use of Limitation on Amount Clause in Contracts

Limitation on Amount. An Employee’s deferral contributions are subject to the following limitation(s) in addition to those imposed by the Code: (Choose (1), (2) or (3) as applicable)

Appears in 3 contracts

Sources: 401(k) Plan Adoption Agreement (Americas Carmart Inc), Employee 401(k) Plan (Trimeris Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

Limitation on Amount. An Employee’s 's deferral contributions are subject to the following limitation(s) in addition to those imposed by the Code: (Choose (1), (2) or (3) as applicable)) [X] (1) Maximum deferral amount: 25%.

Appears in 1 contract

Sources: Adoption Agreement (Bank of Granite Corp)