Common use of Maximum Salary Reduction Clause in Contracts

Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed $6,000*. ----------- * This amount will be adjusted to reflect any annual cost-of-living increases announced by the IRS.

Appears in 2 contracts

Sources: Individual Retirement Custodial Account Agreement (Fmi Funds Inc), Individual Retirement Custodial Account Agreement (Fiduciary Capital Growth Fund Inc)

Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed $6,000*. ----------- ------------ * This amount will be adjusted to reflect any annual cost-of-living increases announced by the IRS.

Appears in 1 contract

Sources: Individual Retirement Custodial Account Agreement (Hennessy Funds Inc)