Common use of Determination of the Excess Contribution Amount Clause in Contracts

Determination of the Excess Contribution Amount. The excess contribution amount for the year is equal to the excess of (A) the sum of the excess contributions (as defined in § 401(k)(8)(B)), the excess aggregate contributions (as defined in § 401(m)(6)(B)), and for plan years beginning on or before December 31, 2001 the amount treated as excess contributions or excess aggregate contributions under the multiple use test for the year, as assigned to each highly compensated employee in accordance with § 401(k)(8)(C) and § 401(m)(6)(C), over (B) previous corrections that complied with § 401(k)(8), § 401(m)(6), and, for plan years beginning on or before December 31, 2001, the multiple use test.