Maximum Annual Addition. The Annual Addition to a Participant's accounts under this Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1) 25% of his or her Taxable Income or (2) the greater of $30,000 or one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A).
Appears in 3 contracts
Samples: Plan and Trust Agreement (Timken Co), Bank Jos a Clothiers Inc /De/, Roadway Services Inc
Maximum Annual Addition. The Annual Addition to a Participant's accounts under this Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1) 25% of his or her Taxable Income or (2) the greater of $30,000 or one-quarter (as adjusted for the cost of the dollar limitation in effect under living pursuant to Code section 415(b)(1)(A415(d)).
Appears in 3 contracts
Samples: Nipsco Industries Inc, Caliber System Inc, Nipsco Industries Inc
Maximum Annual Addition. The Annual Addition to a Participant's accounts under this the Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1) 25% of his or her Taxable Income or (2) the greater of $30,000 or one-quarter (as adjusted for the cost of the dollar limitation in effect under living pursuant to Code section 415(b)(1)(A415(d)).
Appears in 2 contracts
Samples: Wells Fargo & Co/Mn, Timken Co
Maximum Annual Addition. The Annual Addition to a Participant's ’s accounts under this Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1a) 25100% of his or her Taxable Income Compensation, or (2b) $56,000 (as adjusted for the greater cost of $30,000 or one-quarter of the dollar limitation in effect under living pursuant to Code section 415(b)(1)(ASection 415(d)).
Appears in 1 contract
Maximum Annual Addition. The Annual Addition to a Participant's accounts under this Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1) 25% of his or her Taxable Income Compensation or (2) the greater of $30,000 or one-quarter (as adjusted for the cost of the dollar limitation in effect under living pursuant to Code section 415(b)(1)(A415(d).
Appears in 1 contract
Maximum Annual Addition. The Annual Addition to a Participant's accounts under this Plan and any other defined contribution plan maintained by any Related Company for any Plan Year shall not exceed the lesser of (1) 25% of his or her Taxable Income or (2) the greater of $30,000 or one-quarter (as adjusted for the cost of the dollar limitation in effect under living pursuant to Code section 415(b)(1)(A415(d).). Effective July 1, 1995: -----------------------
Appears in 1 contract
Samples: Charter One Financial Inc
