Common use of Maximum Annual Addition Clause in Contracts

Maximum Annual Addition. Except to the extent permitted under article IX 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:

Appears in 1 contract

Sources: 401(k) Adoption Agreement (Garmin LTD)

Maximum Annual Addition. Except to the extent permitted under article IX Article XIV of this amendment and section 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:

Appears in 1 contract

Sources: Profit Sharing Plan and Trust Adoption Agreement