Annual Addition Sample Clauses
Annual Addition. With respect to any Participant, the "Annual Addition" shall be the sum of the following amounts credited to a Participant's Account for the Limitation Year:
Annual Addition. For purposes of this Article VI, “Annual Addition” means the sum for any Plan Year of (a) employer contributions to a plan (or portion thereof) subject to section 415(c) of the Code maintained by an Employer or an Affiliate, (b) forfeitures under all such plans (or portions thereof), if any, credited to employee accounts, (c) employee contributions under all such plans (or portions thereof), and (d) amounts described in section 419A(d)(2) of the Code (relating to post-retirement medical benefits of key employees) or allocated to a pension plan individual medical account described in section 415(l) of the Code to the extent includible for purposes of section 415(c)(2) of the Code. The employee contributions described in clause (c) shall be determined without regard to (i) any rollover contributions, (ii) any repayments of loans, or (iii) any prior distributions repaid upon the exercise of buy-back rights. Employer and employee contributions taken into account as Annual Additions shall include “excess contributions” as defined in section 401(k)(8)(B) of the Code, “excess aggregate contributions” as defined in section 401(m)(6)(B) of the Code, and “excess deferrals” as described in section 402(g) of the Code (to the extent such excess deferrals are not distributed to the employee before the April 15 following the taxable year of the employee in which such deferrals were made), regardless of whether such amounts are distributed or forfeited.
Annual Addition. Annual Addition means, with respect to any Limitation Year, the sum of:
(A) all Employer contributions allocable to the Participant under this Plan and under all other defined contribution plans maintained by the Employer and those Related Entities whose plans are required to be aggregated pursuant to, those provisions of federal law pertaining to the maximum annual additions to individual accounts in tax qualified-defined contribution plans;
(B) Forfeitures allocable to the Participant under such plans, if any;
(C) Participant contributions to such plans, not including any portion of such Participant’s rollover contributions, if any; and
(D) amounts allocated to an individual medical account, as defined in Section 415(1)(2) of the Code which is part of a pension or annuity plan maintained by the Employer or a Related Entity.
Annual Addition. Annual addition means, with respect to any Participant for a limitation year, the sum of:
(a) All employer contributions (including employer contributions of the Participant’s earnings reductions under Code §§ 401(k), 403(b) and 408(k)) allocable as of a date during such limitation year to the Participant under all defined contribution plans;
(b) All forfeitures allocable as of a date during such limitation year to the Participant under all defined contribution plans; and
(c) All Participant contributions made as of a date during such limitation year to all defined contribution plans.
Annual Addition. Annual addition means, with respect to any Participant for a limitation year, the sum of:
(i) all employer contributions (including employer contributions of the Participant’s earnings reductions under section 401(k), section 403(b) and section 408(k) of the Code) allocable as of a date during such limitation year to the Participant under all defined contribution plans;
(ii) all forfeitures allocable as of a date during such limitation year to the Participant under all defined contribution plans; and
(iii) all Participant contributions made as of a date during such limitation year to all defined contribution plans. Notwithstanding the foregoing, if an employer contribution is made later than thirty (30) days after the due date, including extensions, of the employer’s federal income tax return for the taxable year that includes the last day of the limitation year, the employer contribution shall be considered an annual addition for the limitation year in which the contribution is made. However, if the employer contribution is made to correct a nondiscrimination violation (e.g., section 410(b), section 401(a)(26) or section 410(b) of the Code) that date is extended until the fifteenth (15th) day of the tenth (10th) month following the end of the limitation year. A contribution made to restore an erroneous forfeiture in a prior limitation year or on behalf of a participant who was erroneously omitted from a prior limitation year’s allocation shall be considered an annual addition for the limitation year to which it relates. If, in a particular limitation year, an amount is contributed with respect to a prior limitation year and such contribution is required by reason of such employee’s rights under chapter 43 of title 38, United States Code (USERRA), resulting from qualified military service, as specified in section 414(u)(1) of the Code, then such contribution is not considered an annual addition with respect to the employee for that limitation year in which the contribution is made, but, in accordance with section 414(u)(1)(B) of the Code, is considered an annual addition for the limitation year to which the contribution relates.
Annual Addition. With respect to any Participant, the "Annual --------------- Addition" shall be the sum of the following amounts credited to a Participant's Account for the Limitation Year:
(i) Employer Contributions; as reported on Form W-2). Compensation is defined as wages within the meaning of Section 3401 (a) and all other payments of compensation to an Employee by the Employer (in the course of the Employer's trade or business) for which the Employer is required to furnish the Employee a written statement under Sections 6041(d), 6051(a)(3) and 6052. Compensation must be determined without regard to any rules under Section 3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2)).
Annual Addition. Annual addition means, with respect to any Participant for a limitation year, the sum of:
Annual Addition. With respect to any Participant, the "Annual Addition" shall be the sum of the following amounts credited to a Participant's Account for the Limitation Year.
(i) Employer Contributions; (ii) forfeitures; and (iii) for Limitation Years commencing after December 31, 1986, Nondeductible Voluntary Contributions; and
Annual Addition. 3.08(a) Annuity Starting Date.......................................................6.