Maximum Amount of Elective Deferrals. Notwithstanding anything to the contrary herein, the amount of Elective Deferrals made with respect to any individual during a calendar year under the Plan and all other plans, contracts or arrangements of an Employer or an Affiliate may not exceed the amount of the limitation in effect under section 402(g)(1) of the Code for taxable years beginning in such calendar year. Such limit shall not apply to any such Elective Deferrals made which are amounts attributable to service performed by such Participant prior to January 1, 1987.
Maximum Amount of Elective Deferrals. For each calendar year, the sum of (i) the Salary Reduction Contributions, (ii) Deferred Cash Contributions (together "Elective Deferrals") made on behalf of any Participant under this Plan, and (iii) similar contributions made under all other plans of the Employer with a cash or deferred feature shall not exceed the dollar limitation contained in Code Section 402(g) in effect at the beginning of such calendar year. Elective Deferrals shall not include amounts properly distributed to a Participant as an Excess Amount pursuant to Section 6.01(b). If, during any calendar year, more than the
Maximum Amount of Elective Deferrals. Effective as of January 1, 1987, no Employee shall be permitted to have Elective Deferrals made under this Plan during the taxable year of such Employee in excess of $7,000 multiplied by the Adjustment Factor as provided by the Secretary of the Treasury and as in effect at the beginning of such taxable year of the Employee. The foregoing limit shall not apply to Elective Deferrals of amounts attributable to service performed in 1986 and described in section 1105(c)(5) of the Tax Reform Act of 1986.
