Common use of Defined Contribution Plan Fraction Clause in Contracts

Defined Contribution Plan Fraction. As used in this section, the words "defined contribution plan fraction" shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's account under all defined contribu-tion plans maintained by the Company in that Plan year; and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the numerator of which is the lesser of (i) fifty-one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent (25%) of the participant's compensation for the year ending in 1981; and, 2. the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent (25%) of the participant's compensation for the year ending in 1981.

Defined Contribution Plan Fraction. As used in this section, the words "defined contribution plan “Defined Contribution Plan fraction" ” shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's ’s account under all defined contribu-tion plans Defined Contribution Plans maintained by the Company in that Plan year; and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. ) the numerator of which is the lesser of (i) fifty-one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent (25%) of the participant's ’s compensation for the year ending in 1981; and, 2. ) the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent (25%) of the participant's ’s compensation for the year ending in 1981. Effective January 1, 2000, this Paragraph shall not apply.

Defined Contribution Plan Fraction. As used in this sectionSection, the words "defined contribution plan Defined Contribution Plan fraction" shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's account under all defined contribuDefined Contri-tion plans bution Plans maintained by the Company in that Plan year; , and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3§ 415 (e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the numerator of which is the lesser of (i) fifty-one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981; , and, 2. the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981.

Defined Contribution Plan Fraction. As used in this section, the words "defined contribution plan fraction" shall mean, for any Plan year, a fraction, (a) the The numerator of which is the sum of the annual additions to the participant's account under all defined contribu-tion contribution plans maintained by the Company in that Plan year; and, (b) the The denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, year or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the The numerator of which is the lesser of (i) fifty-one thousand eight hundred seventy-five dollars ($51,875.00), ) or (ii) 1.4 multiplied by twenty-five percent (25%) of the participant's compensation for the year ending in 1981; and, 2. the The denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), ) or (ii) twenty-five percent (25%) of the participant's compensation for the year ending in 1981. Effective January 1, 2000, this Paragraph shall not apply.

Defined Contribution Plan Fraction. As used in this sectionSection, the words "defined contribution plan Defined Contribution Plan fraction" shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's account under all defined contribuDefined Contri-tion plans bution Plans maintained by the Company in that Plan year; , and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3415 (e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the numerator of which is the lesser of (i) fifty-one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981; , and, 2. the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981.

Defined Contribution Plan Fraction. As used in this sectionSection, the words "defined contribution plan Defined Contribution Plan fraction" shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's account under all defined contribu-tion plans Defined Contri- bution Plans maintained by the Company in that Plan year; , and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3415 (e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the numerator of which is the lesser of (i) fifty-fifty- one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981; and, , and 2. the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent per cent (25%) of the participant's compensation for the year ending in 1981.

Defined Contribution Plan Fraction. As used in this section, the words "defined contribution plan fraction" shall mean, for any Plan year, a fraction, (a) the numerator of which is the sum of the annual additions to the participant's account under all defined contribu-contribu- tion plans maintained by the Company in that Plan year; and, (b) the denominator of which is the sum of the lesser of the following amounts, determined for the year and for each prior year of service with the Company: (i) the product of 1.25 multiplied by the dollar limitation in effect for the year, or (ii) the product of 1.4 multiplied by the percentage of compensation limit (IRC 415(e)(3) as amended). (c) In computing the defined contribution plan fraction above, for years ending after December 31, 1982, at the election of the Company, the amount to be taken into account for all years ending before January 1, 1983, may be computed to be an amount equal to the denominator of the fraction, as in effect for the year ending in 1982, multiplied by a transition fraction, 1. the numerator of which is the lesser of (i) fifty-fifty- one thousand eight hundred seventy-five dollars ($51,875.00), or (ii) 1.4 multiplied by twenty-five percent (25%) of the participant's compensation for the year ending in 1981; and, 2. the denominator of which is the lesser of (i) forty-one thousand five hundred dollars ($41,500.00), or (ii) twenty-five percent (25%) of the participant's compensation for the year ending in 1981.