LIMITS ON CONTRIBUTIONS Clause Samples
LIMITS ON CONTRIBUTIONS. Contributions to a ▇▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇▇ ESA is $2,000 for each tax year until the Designated Beneficiary attains age18. Assets transferred or rolled over into a ▇▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇▇ ESA or into multiple ▇▇▇▇▇▇▇▇▇ 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:
(a) change such limitations and requirements to apply to Contributions made after the date of such change, and
(b) discontinue acceptance of Contributions with respect to all Contracts or with respect to all Contracts of the same class.
LIMITS ON CONTRIBUTIONS. The following is added at the end of the existing Section: The following new Section is added at the end of this Part:
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:
(a) change such limitations and requirements to apply to Contributions made after the date of such change, and
(b) discontinue acceptance of Contributions with respect to all Contracts or with respect to all Contracts of the same class. Any change in limitations or discontinuation of Contributions will be implemented to manage the financial risk to the Company in the event market and/or economic conditions decline.
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. Contributions to 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 the Annuitant with respect to any month unless the Annuitant 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 Annuitant 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
(a) change such requirements to apply to Contributions made after the date of such change, and
(b) discontinue acceptance of Contributions under this Contract (i) with respect to all Owners or (ii) with respect to all Owners to whom the same type of Certificate applies (as described in Section 1.07). PART IV - TRANSFERS AMONG INVESTMENT OPTIONS
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. The amount that may be contributed to the Plan on your behalf in any year is limited to a fixed dollar amount ($54,000 in 2017). In addition, contributions cannot exceed 100% of your total Compensation.
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). 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.