Code Limits definition

Code Limits means Sections 401(a)(17) and 415 of the Code and any other provisions of the Code which limit the amount of benefits that a Participant may accrue or receive under or from the Retirement Plan.
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Code Limits means Section 401(a)(17) of the Code.
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Code Limits means the limits on Compensation set forth in Section
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Examples of Code Limits in a sentence

  • Vodafone maintains one or more -------------------- nonqualified plans (which plan or plans shall be referred to as the "Vodafone Excess Plan") to provide benefits supplemental to those provided under the Vodafone Pension Plan to employees and former employees of Vodafone in excess of the benefits permitted under the Vodafone Pension Plan due to Sections 401(a)(17) and 415 of the Internal Revenue Code (the "Code Limits").

  • The Partnership agrees to assume the liability of Vodafone under the Vodafone Excess Plan for Vodafone Transferees and Retained Vodafone Employees solely with respect to benefits for eligible participants in excess of those permitted under the Code Limits.

  • However, no adjustment shall be made for changes in the Code Limits that occur after Supplemental Benefits under this Agreement are paid or commence to be paid.


More Definitions of Code Limits

Code Limits means Sections 401(a)(17) and 415 of the Code and any other provisions of the Code which, in the Committee’s determination, limit the amount of benefits which a Member may accrue under the Retirement Plan.
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Related to Code Limits

  • Code means the Internal Revenue Code of 1986, as amended.

  • Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • IRC means the Internal Revenue Code of 1986, as amended.

  • Annual Additions means, with respect to each Participant, the sum of those amounts allocated to the Participant's Account under this Plan and accounts under any other qualified defined contribution plan to which the Employer or a Related Employer contributes for any Limitation Year, consisting of the following: