Limitations

Limitations. Means (i) the limitation imposed by Section 401(a)(17) of the Code on compensation that may be taken into account for purposes of determining benefits under a defined benefit pension plan qualified under Section 401(a) of the Code, (ii) the limitation imposed by Section 415 of the Code on benefits payable from a defined benefit pension plan qualified under Section 401(a) of the Code; and (iii) the exclusion from "Earnings" (as defined in the Pension Plan) of all... payments to executive officers under the Short Term Incentive Plan of the Employer and any successor thereto. View More

Limitations. Means the provisions of the Code that restrict the benefits determined under the Pension Plan, including (1) the limitations set forth in Code Sections 415 and 401(a)(17), and (2) the limitations on benefits imposed by the Code's incidental benefit rules. References to the Limitations shall include any cost of living adjustments made by the Secretary of the Treasury pursuant to Code Sections 415(d) and 401(a)(17).