Excess Annual Addition definition

Excess Annual Addition means the excess of the Annual Additions credited to the Participant for the Limitation Year under the Plan and plans aggregated with the Plan under Sections 4.07(a)(2) and 4.07(a)(3) over the Maximum Annual Addition for the Limitation Year under Section 4.07(b)(4).

Excess Annual Addition means any Elective Contribution and/or Employer Contribution that exceeds the Participant’s Maximum Annual Addition for the Limitation Year.

Excess Annual Addition means the annual additions credited to the participant for the limitation year under the ACTS and plans aggregated with the ACTS under (b), (c), and (d) above over the maximum annual addition for the limitation year under this subsection.

Examples of Excess Annual Addition in a sentence

• Any Excess Annual Addition attributable to this Plan will be corrected in the manner described in section 5.01(h).

• The Plan Administrator shall reallocate the Excess Annual Additions pursuant to the allocation method under the Plan as if the Participant whose Account otherwise would receive such Excess Annual Addition were not eligible for an allocation of Employer contributions.

• If an allocation of Employer contributions would result in an Excess Annual Addition to the Participant’s Account (other than an Excess Annual Addition which results from the application of the nondiscrimination rules under Article XIV), the Plan Administrator may reallocate the Excess Annual Addition to the remaining Participants who are eligible for an allocation of Employer contributions for the Plan Year in which the Limitation Year ends.

• Any Excess Annual Addition attributable to this Plan will be corrected in the manner described in Section 4.07(a)(8).

• If any Controlled Group member maintains a qualified defined contribution plan for any Plan Year, the Committee will determine from which plan any Excess Annual Addition will be distributed.

More Definitions of Excess Annual Addition

Excess Annual Addition. The portion of the allocation of contributions and Forfeitures that cannot be added to a Participant's Accounts due to the limitations on Annual Additions contained in the Plan.

Excess Annual Addition. The portion of the allocation of contributions and Forfeitures that cannot be added to a Participant’s Accounts due to the limitations on Annual Additions contained in Part III, Article II.

Excess Annual Addition means the excess of the Participant’s Annual Additions for the Limitation Year over the Annual Addition Limit.

Excess Annual Addition means the excess of the Annual Additions credited to the Participant for the Limitation Year under the Plan and plans aggregated with the Plan under Sections 4.06(a)(2) and 4.06(a)(3) over the Maximum Annual Addition for the Limitation Year under Section 4.06(b)(4).

Excess Annual Addition means the excess of the Annual Additions credited to the Participant for the Limitation Year under the Plan and plans aggregated with the Plan under Sections 4.07(a)(24.06(a)(2) and 4.07(a)(34.06(a)(3)

Excess Annual Addition means any allocation of Contributions that exceeds the Participant’s Maximum Annual Addition for the Plan Year.

Excess Annual Addition means the excess of: (i) the Annual Additions credited to the Participant for the Limitation Year under this Plan and plans aggregated with this Plan under Section 3.3; over (ii) his Maximum Annual Addition for the Limitation Year.