Example ContractsClausesannual additionsVariants
Annual Additions
Annual Additions contract clause examples

For purposes of this [Section 11.4(d)], “excess amount” for any Participant for a Limitation Year shall mean the excess, if any, of # the Annual Additions which would be credited to his Account under the terms of the Plan without regard to the limitations of Code Section 415 over # the maximum Annual Additions determined pursuant to this Section 11.4.

"Excess amount" means the excess of the Participant's "annual additions" for the Limitation Year over the "maximum permissible amount."

Excess Amount: The excess of the Participant's Annual Additions for the Limitation Year over the Maximum Permissible Amount.

"Maximum permissible amount" means, except to the extent permitted under this Plan and Code §414(v), the maximum "annual addition" that may be contributed or allocated to a Participant's Accounts under the Plan for any Limitation Year, which shall not exceed the lesser of:

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