Common use of Fee for certain Excess Amounts Clause in Contracts

Fee for certain Excess Amounts. Subject to section 12.05(6), the compliance fee for Excess Amounts that are corrected pursuant to section 6.05(2)(b) is equal to the sum of (a) the applicable fee described in section 12.05(2), plus (b) ten percent of the Excess Amounts, adjusted for earnings through the date of the VCT application, contributed or allocated in the calendar year of the VCT application and in the three calendar years prior thereto. If there is a failure to satisfy both the □ 403(b)(2) and □ 415 limits with respect to a single employee for a year, the fee will take into account only the larger Excess Amount.

Fee for certain Excess Amounts. Subject to section 12.05(6), the compliance fee for Excess Amounts that are corrected pursuant to section 6.05(2)(b) is equal to the sum of (a) the applicable fee described in section 12.05(2), plus (b) ten two percent of the Excess Amounts, adjusted for earnings through the date of the VCT application, contributed or allocated in the calendar year of the VCT application and in the three calendar years prior thereto. If there is a failure to satisfy both the □ 403(b)(2) and □ 415 limits with respect to a single employee for a year, the fee will take into account only the larger Excess Amount.

Fee for certain Excess Amounts. Subject to section 12.05(6), the compliance fee for Excess Amounts that are corrected pursuant to section 6.05(2)(b) is equal to the sum of (a) the applicable fee described in section 12.05(2), plus (b) ten percent of the Excess Amounts, adjusted for earnings through the date of the VCT application, contributed or allocated in the calendar year of the VCT application and in the three calendar years prior thereto. If there is a failure to satisfy both the □ § 403(b)(2) and □ § 415 limits with respect to a single employee for a year, the fee will take into account only the larger Excess Amount.

Fee for certain Excess Amounts. Subject to section 12.05(6), the compliance compli- ance fee for Excess Amounts that are corrected cor- rected pursuant to section 6.05(2)(b) is equal to the sum of (a) the applicable fee described in section 12.05(2), plus (b) ten percent of the Excess Amounts, adjusted for earnings through the date of the VCT application, contributed or allocated in the calendar year of the VCT application and in the three calendar years prior thereto. If there is a failure to satisfy both the □ § 403(b)(2) and □ § 415 limits with respect to a single employee for a year, the fee will take into account only the larger Excess Amount.

Fee for certain Excess Amounts. Subject to section 12.05(6), the compliance fee for Excess Amounts that are corrected pursuant to section 6.05(2)(b) is equal to the sum of (a) the applicable fee described in section 12.05(2), plus (b) ten percent of the Excess Amounts, adjusted for earnings through the date of the VCT application, contributed or allocated in the calendar year of the VCT application and in the three calendar years prior thereto. If there is a failure to satisfy both the □  403(b)(2) and □  415 limits with respect to a single employee for a year, the fee will take into account only the larger Excess Amount.