Common use of Adjustment of Contributions Based on Limit on Annual Additions Clause in Contracts

Adjustment of Contributions Based on Limit on Annual Additions. Notwithstanding any of the foregoing provisions to the contrary, a Member may, at such time and in such manner as the Committee may prescribe, suspend or change the amount of reduction in Compensation provided for under any applicable Contribution Agreement in order to avoid an allocation of contributions to his Account which would violate the limitations of this Section 3.3, Section 3.4 or Article VI.

Appears in 2 contracts

Samples: Savings Plan (Arrow Electronics Inc), Savings Plan (Arrow Electronics Inc)

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Adjustment of Contributions Based on Limit on Annual Additions. Notwithstanding any of the foregoing provisions to the contrary, a Member Participant may, at such time and in such manner as the Administrative Committee may prescribe, suspend or change the amount of reduction in his cash Compensation or the amount of his Post-Tax Contributions provided for under any applicable Contribution Participation Agreement in order to avoid an allocation of contributions to his Account which would violate the limitations of this Section 3.3, Section 3.4 or Article VI17.

Appears in 2 contracts

Samples: Employee Retirement Plan (Cosmetic Center Inc), Employees' Savings, Investment and Profit Sharing Plan (Revlon Inc /De/)

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