Common use of Maximum Annual Addition Clause in Contracts

Maximum Annual Addition. Except to the extent permitted under section 8 of this Amendment 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 percent of the Participant's Compensation, within the meaning of Section 415(c)(3) of the Code, for the Limitation Year. The Compensation limit referred to in Section 2.02 (b) above shall not apply to any contribution for medical benefits after separation from 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 section 8 Section 10 of this Amendment and Section 414(v) of the Code, if applicable, the Annual Addition 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 or (b) 100 percent of the Participant's Compensation, within the meaning of Section 415(c)(3) of the Code, for the Limitation Year. The Compensation limit referred to in Section 2.02 (b) above shall not apply to any contribution for medical benefits after separation from service (within the meaning of Section 401(h) or Section 419A (f) (2419A(f)(2) of the Code) which is otherwise treated as an Annual Additionannual addition.

Maximum Annual Addition. Except to the extent permitted under section 8 4.2-D of this Amendment and Code 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 Code Section 415(d) of the Code), or or (b) 100 percent of the Participant's Compensation, within the meaning of Code Section 415(c)(3) of the Code), for the Limitation Year. The Compensation limit referred to in Section 2.02 (b) above shall not apply to any contribution for medical benefits after separation Separation from service Service (within the meaning of Code Section 401(h) or Section 419A (f) (2) of the Code419A(f)(2)) which is otherwise treated as an Annual Addition.