Catch-up.
Catch-up. Catch-up amount or catch-up limitation for a participant for a taxable year means the annual deferral permitted under section 414(v) (as described in 1.4574(c)(2)) or section 457(b)(3) (as described in 1.4574(c)(3)) to the extent the amount of the annual deferral for the participant for the taxable year is permitted to exceed the plan ceiling applicable under section 457(b)(2) (as described in 1.4574(c)(1)).
amount orcatch-uplimitation for a participant for a taxable year means the annual deferral permitted under section 414(v) (as described in 1.4574(c)(2)) or section 457(b)(3) (as described in 1.4574(c)(3)) to the extent the amount of the annual deferral for the participant for the taxable year is permitted to exceed the plan ceiling applicable under section 457(b)(2) (as described in 1.4574(c)(1)).