MULTIPLE REGIONAL PROTOTYPE COVERAGE Sample Clauses

MULTIPLE REGIONAL PROTOTYPE COVERAGE. This Section applies if, in addition to this Plan, the Participant is covered under another qualified Regional prototype defined contribution plan maintained by the Employer, a welfare benefit fund, as defined in Section 419(e) of the Code maintained by the Employer, or an individual medical account, as defined in Section 415(1)(2) of the Code, maintained by the Employer, which provides an Annual Addition during any Limitation Year. The Annual Additions which may be credited to a Participant's Account under this Plan for any such Limitation Year will not exceed the Maximum Permissible Amount reduced by the Annual Additions credited to a Participant's Account under the other plans and welfare benefit funds for the same Limitation Year. If the Annual Additions with respect to the Participant under other defined contribution plans and welfare benefit funds maintained by the Employer are less than the Maximum Permissible Amount and the Employer Contribution that would otherwise be contributed or allocated to the Participant's Account under this Plan would cause the Annual Additions for the Limitation Year to exceed this limitation, the amount contributed or allocated will be reduced so that the Annual Additions under all such plans and funds for the Limitation Year will equal the Maximum Permissible Amount. If the Annual Additions with respect to the Participant under such other defined contribution plans and welfare benefit funds in the aggregate are equal to or greater than the Maximum Permissible Amount, no amount will be contributed or allocated to the Participant's Account under this Plan for the Limitation Year. (a) Prior to determining the Participant's actual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount for a Participant in the manner described in this Article. (b) As soon as is administratively feasible after this end of the Limitation Year, the Maximum Permissible Amount for the Limit ation Year will be determined on the basis of the Participant's actual Compensation for the Limitation Year. (c) If, pursuant to subsection (b) of this Section or as a re result of the allocation of forfeitures, a reasonable error in determining the amount of Elective Deferrals that may be made with respect to any individual, or under other limited facts and circumstances determined by the Commissioner, a Participant's Annual Additions under this Plan and such other plans would result in an Excess Amount for a Limitatio...