Common use of Maximum Annual Addition Clause in Contracts

Maximum Annual Addition. The maximum Annual Addition (as defined in paragraph (c) below) made to a Participant's various accounts maintained under the Plan for any Limitation Year beginning after December 31, 1986 will not exceed the lesser of the Dollar Limitation set forth in Section 6.1(a) or the Compensation Limitation set forth in Section 6.1(b), as follows:

Appears in 2 contracts

Samples: Picis Inc, Picis Inc

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Maximum Annual Addition. The maximum Annual Addition (as defined in paragraph (c) below) below made to a Participant's ’s various accounts maintained under the Plan for any Limitation Year beginning after December 31, 1986 will not exceed the lesser of the Dollar Limitation set forth in Section 6.1(aparagraph (a) or the Compensation Limitation set forth in Section 6.1(bparagraph (b), as follows:

Appears in 1 contract

Samples: Agreement (Provident Bancorp Inc/Ny/)

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Maximum Annual Addition. The maximum Annual Addition (as defined in paragraph (c) below) made to a Participant's various accounts ’s Account maintained under the Plan for any Limitation Year beginning after December 31, 1986 will not exceed the lesser of the Dollar Limitation set forth in Section 6.1(aparagraph (a)(1) or the Compensation Limitation set forth in paragraph (a)(2), as adjusted in the remainder of this Section 6.1(b(a), as follows:

Appears in 1 contract

Samples: Littelfuse Inc /De

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