NORMAL RETIREMENT AGE CATCH-UP CONTRIBUTION. If selected in the Adoption Agreement, a Participant may elect to make this catch-up election. For one or more of the Participant's last three Taxable Years ending before the Taxable Year in which the Participant attains Normal Retirement Age, the Participant's maximum Deferral Contributions may not exceed the lesser of: (a) Twice the dollar amount under Section 3.04(a) Normal Limitation, or (b) the underutilized limitation.
Appears in 1 contract
Sources: Adoption Agreement for Eligible Governmental 457 Plan
NORMAL RETIREMENT AGE CATCH-UP CONTRIBUTION. If selected in the Adoption Agreement, a Participant may elect to make this catch-up election. For one or more of the Participant's last three Taxable Years ending before the Taxable Year in which the Participant attains Normal Retirement Age, the Participant's maximum Deferral Contributions may not exceed the lesser of:
(a) Twice the dollar amount under Section 3.04(a) Normal Limitation, or (b) the underutilized limitation.
Appears in 1 contract
Sources: Adoption Agreement for Eligible Governmental 457 Plan