Common use of Maximum Annual Addition Clause in Contracts

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), except that for Plan Years beginning after December 31, 1994, "(2) $30,000 (as adjusted for the cost of living pursuant to Code section 415(d))" shall be substituted for the preceding reference to "(2) the greater of $30,000 or one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A)".

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- one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A), except that for Plan Years beginning after December 31, 1994, "(2) $30,000 (as adjusted for the cost of living pursuant to Code section 415(d))" shall be substituted for the preceding reference to "(2) the greater of $30,000 or one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A)".

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- one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A), except that for Plan Years beginning after December 31effective January 1, 19941995, "(2) $30,000 (as adjusted for the cost of living pursuant to Code section 415(d))" shall be substituted for the preceding reference to "(2) the greater of $30,000 or one-quarter of the dollar limitation in effect under Code section 415(b)(1)(A)".