Common use of Maximum Permissible Amount Clause in Contracts

Maximum Permissible Amount. Except in the case of a qualified rollover -------------------------- contribution or a re-characterization (as defined in (e) below), no Purchase Payment will be accepted unless it is in cash and the total of such contributions to all the Owner's ▇▇▇▇ IRAs for a taxable year does not exceed $2,000, or the Owner's compensation, if less, for that taxable year. The contribution described in the previous sentence that may not exceed the lesser of $2,000 or the Owner's compensation is referred to as a "regular contribution." A "qualified rollover contribution" is a rollover contribution that meets the requirements of section 408(d)(3) of the Code, except the one-rollover-per-year rule of section 408(d)(3)(B) does not apply if the rollover contribution is from an ▇▇▇ other than a ▇▇▇▇ ▇▇▇ (a "non-▇▇▇▇ ▇▇▇"). Purchase Payments may be limited under (b) through (d) below.

Maximum Permissible Amount. Except in the case of a -------------------------- qualified rollover -------------------------- contribution or a re-characterization recharacterization (as defined in (e) below), no Purchase Payment will be accepted unless it is in cash and the total of such contributions to all the Owner's ▇▇▇▇ IRAs for a taxable year does not exceed $2,000, or the Owner's compensation, if less, for that taxable year. The contribution described in the previous sentence that may not exceed the lesser of $2,000 or the Owner's compensation is referred to as a "regular contribution." A "qualified rollover contribution" is a rollover contribution that meets the requirements of section 408(d)(3) of the Code, except the one-one- rollover-per-year rule of section 408(d)(3)(B) does not apply if the rollover contribution is from an ▇▇▇ IRA other than a ▇▇▇▇ ▇▇▇ (a "non-▇▇▇▇ ▇▇▇nonRoth IRA"). Purchase Payments may be limited under (b) through (d) below.

Maximum Permissible Amount. Except in the case of a qualified rollover -------------------------- --------------------------- contribution or a re-characterization recharacterization (as defined in (e) below), no Purchase Payment will be accepted unless it is in cash and the total of such contributions to all the Owner's ▇▇▇▇ IRAs for a taxable year does not exceed $2,000, or the Owner's compensation, if less, for that taxable year. The contribution described in the previous sentence that may not exceed the lesser of $2,000 or the Owner's compensation is referred to as a "regular contribution." A "qualified rollover contribution" is a rollover contribution that meets the requirements of section 408(d)(3) of the Code, except the one-rollover-per-year rule of section 408(d)(3)(B) does not apply if the rollover contribution is from an ▇▇▇ other than a ▇▇▇▇ ▇▇▇ (a "non-▇▇▇▇ nonRoth ▇▇▇"). Purchase Payments may be limited under (b) through (d) below.