Increase in limit

Increase in limit. The Annual Earnings or annual Compensation of each Participant taken into account in determining benefit accruals in any Plan Year beginning after December 31, 2001, shall not exceed $200,000. Annual Earnings or annual Compensation means Earnings or Compensation during the Plan Year or such other consecutive 12-month period over which Earnings or Compensation is otherwise determined under the Plan (the determination period). Accruals relating to periods prior to January 1, 2002, and the amount... of Earnings or Compensation taken into account for periods prior to January 1, 2002, in determining accruals before and after January 1, 2002, shall be unaffected by this change. View More

Increase in limit. The annual compensation of each Participant taken into account in determining benefit accruals in any Plan Year beginning after December 31, 2001, shall not exceed $200,000. Annual compensation means compensation during the Plan Year or such other consecutive 12-month period over which compensation is otherwise determined under the Plan (the determination period). For purposes of determining benefit accruals in a Plan Year beginning after December 31, 2001, compensation for any prior... determination period shall be limited as provided below. View More