Common use of Maximum Permissible Amount Clause in Contracts

Maximum Permissible Amount. No contribution will be accepted unless it is in cash and the total of such contributions to all the Individual’s ▇▇▇▇ IRAs for a Taxable Year does not exceed the applicable amount [as defined in 19.10(b)], or the Individual’s Compensation, if less, for that Taxable Year. The contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Individual’s Compensation is referred to as a “Regular Contribution.” A “Qualified Rollover Contribution” is a rollover contribution that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇▇▇▇ ▇▇▇ (a “non-▇▇▇▇ ▇▇▇”). Contributions may be limited as described in paragraph 19.10(b).

Maximum Permissible Amount. No contribution will be accepted unless it is in cash and the total of such contributions to all the Individual’s ▇R▇▇▇ IRAs for a Taxable Year does not exceed the applicable amount [as defined in 19.10(b)], or the Individual’s Compensation, if less, for that Taxable Year. The contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Individual’s Compensation is referred to as a “Regular Contribution.” A “Qualified Rollover Contribution” is a rollover contribution that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇R▇▇▇ ▇▇▇ (a “non-▇non-R▇▇▇ ▇▇▇”). Contributions may be limited as described in paragraph 19.10(b).

Maximum Permissible Amount. No contribution will be accepted unless it is in cash and the total of such contributions to all the Individual’s ▇▇▇▇ IRAs for a Taxable Year does not exceed the applicable amount [as defined in 19.10(b20.10(b)], or the Individual’s Compensation, if less, for that Taxable Year. The contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Individual’s Compensation is referred to as a “Regular Contribution.” A “Qualified Rollover Contribution” is a rollover contribution that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇▇▇▇ ▇▇▇ (a “non-▇▇▇▇ ▇▇▇”). Contributions may be limited as described in paragraph 19.10(b20.10(b).

Maximum Permissible Amount. No contribution will be accepted unless it is in cash and the total of such contributions to all the Individual’s ▇R▇▇▇ IRAs for a Taxable Year does not exceed the applicable amount [as defined in 19.10(b20.10(b)], or the Individual’s Compensation, if less, for that Taxable Year. The contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Individual’s Compensation is referred to as a “Regular Contribution.” A “Qualified Rollover Contribution” is a rollover contribution that meets the requirements of Code Section 408(d)(3), except the one-rollover-per-year rule of Code Section 408(d)(3)(B) does not apply if the rollover contribution is from an IRA other than a ▇R▇▇▇ ▇▇▇ (a “non-▇non-R▇▇▇ ▇▇▇”). Contributions may be limited as described in paragraph 19.10(b20.10(b).