Common use of Basic Limitation Clause in Contracts

Basic Limitation. Notwithstanding any other provision contained herein, the “annual additions,” as herein defined, to the Individual Account of a Participant shall not exceed the lesser of: 88(1) $40,000.00 (as adjusted in accordance with Section 415(d) of the Code), or

Basic Limitation. Notwithstanding any other provision contained herein, the “annual additions,” as herein defined, to the Individual Account of a Participant shall not exceed the lesser of: 88(187(1) $40,000.00 (as adjusted in accordance with Section 415(d) of the Code), or