Common use of Acquisition Limit Clause in Contracts

Acquisition Limit. Pursuant to the Plan, the Trust may be invested in Employer Stock to the extent necessary to comply with investment directions under Section 8.02 of the Plan. Notwithstanding the foregoing, effective for Deferral Contributions made for Plan Years beginning on or after January 1, 1999, the portion of a Participant's Deferral Contributions that the Employer may require to be invested in Employer Stock for a Plan Year cannot exceed one percent of such Participant's Compensation for the Plan Year.

Acquisition Limit. Pursuant to the Plan, the Trust may be invested in Employer Stock to the extent necessary to comply with investment directions under Section 8.02 of the Plan. Notwithstanding the foregoing, effective for Deferral Contributions made for Plan Years beginning on or after January 1, 1999, the portion of a Participant's ’s Deferral Contributions that the Employer may require to be invested in Employer Stock for a Plan Year cannot exceed one percent of such Participant's ’s Compensation for the Plan Year.

Acquisition Limit. Pursuant to the Plan, the Trust may be invested in "Employer Stock stock" to the extent necessary to comply with investment directions under Section 8.02 6.02 of the Plan. Notwithstanding the foregoing, effective for Deferral Contributions deferral contributions made for Plan Years beginning on or after January 1, 1999, the portion of a Participant's Deferral Contributions that the Employer may require to be invested in "Employer Stock stock" for a Plan Year cannot exceed one one-percent of such Participant's Compensation for the Plan Year.