Common use of Annual Additions Clause in Contracts

Annual Additions. The term Annual Additions means the sum of the following amounts credited to a Participants Account for the Limitation Year: (1) Employer contributions; (2) Employee contributions; (3) Forfeitures; (4) amounts allocated, after March 31, 1984, to an individual medical account, as defined in Code Section 415(1)(2), which is part of a pension or annuity plan maintained by the Employer; and (5) amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits, allocated to the separate account of a key employee, as defined in Code Section 419A(d)(3), under a welfare fund, as defined in Code Section 419(e), maintained by the Employer. Notwithstanding the foregoing, a Participant's Annual Additions do not include his or her rollovers, loan repayments, repayments of prior Plan distributions or prior distributions of mandatory contributions, direct transfers of contributions from another plan to this Plan, deductible contributions to a simplified employee pension plan, or voluntary deductible contributions.

Annual Additions. The term “Annual Additions Additions” means the sum of the following amounts credited to a Participants Participant’s Account for the any Limitation Year: (1a) Employer contributions; (2b) Employee contributions; (3c) Forfeitures; (4d) amounts allocated, after March 31, 1984, allocated to an individual medical account, as defined in Code Section 415(1)(2§415(l)(2), which is part of a pension or annuity plan maintained by the Employer; and (5e) amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which that are attributable to post-retirement medical benefits, allocated to the separate account of a key employeeKey Employee, as defined in Code Section §419A(d)(3), under a welfare fund, as defined in Code Section §419(e), maintained by the Employer. Notwithstanding the foregoing, a Participant's ’s Annual Additions do not include his or her a Participant’s rollovers, loan repayments, Catch-up Contributions, repayments of either prior Plan distributions or prior distributions of mandatory contributionsMandatory Employee Contributions, direct transfers of contributions from another plan to this Plan, deductible contributions to a simplified employee pension plan, or voluntary deductible contributions.