Common use of Maximum Annual Addition Clause in Contracts

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 and section 414(v) of the Code, if applicable, the Annual Addition that may be contributed or allocated to a Participant’s Account under the Plan for any Limitation Year shall not exceed the lesser of: (A) $40,000, as adjusted for increases in the cost-of-living under section 415(d) of the Code, or (B) 100% of the Participant’s Section 415 Compensation for the Limitation Year. The compensation limit shall not apply to any contribution for medical benefits after severance from employment (within the meaning of section 401(h) or section 419A(f)(2) of the Code) which is otherwise treated as an Annual Addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article VI of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participantparticipant’s Account account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of: (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participantparticipant’s compensation, within the meaning of Section 415 Compensation 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article XIV of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participantparticipant’s Account account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of: (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participantparticipant’s compensation, within the meaning of Section 415 Compensation 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article VI of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participantparticipant’s Account account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of:. (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participant’s participants compensation, within the meaning of Section 415 Compensation 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article VI of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participantparticipant’s Account account under the Plan plan for any Limitation Year limitation year shall not nor exceed the lesser of: (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participantparticipant’s compensation, within the meaning of Section 415 Compensation 415(c){3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article XIV of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participant’s Account participant's account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of: (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participant’s Section 415 Compensation participant's compensation, within the meaning of 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section 419A(f)(2Section 4l9A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 and section 414(v) of the Code, if applicable, the Annual Addition that may be contributed or allocated to a Participant’s Account under the Plan for any Limitation Year shall not exceed the lesser of: (A) $40,000, as adjusted for increases in the cost-of-living under section 415(d) of the Code, or (B) 100% of the Participant’s Section 415 Compensation for the Limitation Year. The compensation limit shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section 401(h) or section 419A(f)(2) of the Code) which is otherwise treated as an Annual Addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article VI of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participant’s Account participant's account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of: (A) a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% b. 100 percent of the Participant’s participant's compensation, within the meaning of Section 415 Compensation 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Section 15.09 of the Plan and Code section 414(v) of the Code), if applicable, the Annual Addition that may be contributed or allocated to a Participant’s Account 's Accounts under the Plan for any Limitation Year limitation year shall not exceed the lesser of: (A1) $40,000, as adjusted for increases in the cost-of-living under Code section 415(d) of the Code), or (B2) 100% 100 percent of the Participant’s Section 415 's Regulatory Compensation for the Limitation Yearlimitation year. The compensation Regulatory Compensation limit referred to in (b) shall not apply to any contribution for medical benefits after severance Severance from employment Service (within the meaning of Code section 401(h) or Code section 419A(f)(2) of the Code) which is otherwise treated as an Annual Addition.

Maximum Annual Addition. Except to the extent permitted under any provision that permits catch-up contributions under EGTRRA section 631 Article VI of this amendment and section Section 414(v) of the Code, if applicable, the Annual Addition annual addition that may be contributed or allocated to a Participant’s Account participant's account under the Plan plan for any Limitation Year limitation year shall not exceed the lesser of: (A) : a. $40,000, as adjusted for increases in the cost-of-living under section Section 415(d) of the Code, or (B) 100% or b. 100 percent of the Participant’s participant's compensation, within the meaning of Section 415 Compensation 415(c)(3) of the Code, for the Limitation Yearlimitation year. The compensation limit referred to in b. shall not apply to any contribution for medical benefits after severance separation from employment service (within the meaning of section Section 401(h) or section Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.