Common use of Cumulative Permitted Disparity Limit Clause in Contracts

Cumulative Permitted Disparity Limit. Effective for Plan Years beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” means the number of years credited to the Participant for allocation or accrual purposes under the Plan, any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employer. For purposes of determining the Participant’s Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity Limit.

Cumulative Permitted Disparity Limit. Effective for the Plan Years Year beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” means the number of years credited to the Participant for allocation or accrual purposes under the Plan, any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employer. For purposes of determining the Participant’s Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity Limit.

Cumulative Permitted Disparity Limit. Effective for Plan Years beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” means the number of years credited to the Participant for allocation or accrual purposes under the Plan, any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employer. For purposes of determining the Participant’s Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity Limit.

Cumulative Permitted Disparity Limit. Effective for Plan Years years beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” cumulative permitted disparity limit for a Participant participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” years means the number of years credited to the Participant participant for allocation or accrual purposes under the Plan, this Plan or any other Simplified Employee Pension Plan or qualified plan or simplified employee pension plan described in Code section 401(a) (whether or not terminated) ever maintained by the Employeradopting employer. For purposes of determining the Participantparticipant’s Cumulative Permitted Disparity Limitcumulative permitted disparity limit, all years ending in the same calendar year are treated as the same year. If the Participant participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant participant has no Cumulative Permitted Disparity Limitcumulative permitted disparity limit.

Cumulative Permitted Disparity Limit. Effective for Plan Years beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” Limit for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” years means the number of years credited to the Participant for allocation or accrual purposes under the this Plan, any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employeremployer. For purposes of determining the Participant’s 's Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity Limit.

Cumulative Permitted Disparity Limit. Effective for Plan Years beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” Limit for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” years means the number of years credited to the Participant for allocation or accrual purposes under the Plan, this Plan or any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employer. For purposes of determining the a Participant’s 's Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit plan or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity LimitLimit shall be satisfied with respect to such Participant.

Cumulative Permitted Disparity Limit. Effective for the Plan Years Year beginning on or after January 1, 1995, the “Cumulative Permitted Disparity Limit” for a Participant is 35 total cumulative permitted disparity years. “Total cumulative permitted disparity years” means the number num- ber of years credited to the Participant for allocation or accrual purposes under the Plan, any other qualified plan or simplified employee pension plan (whether or not terminated) ever maintained by the Employer. For purposes of determining the Participant’s Cumulative Permitted Disparity Limit, all years ending in the same calendar year are treated as the same year. If the Participant has not benefited under a defined benefit or target benefit plan for any year beginning on or after January 1, 1994, the Participant has no Cumulative Permitted Disparity Limit.