Common use of LIMITATION ON ALLOCATIONS Clause in Contracts

LIMITATION ON ALLOCATIONS. More Than One Plan If you maintain or ever maintained another qualified plan (other than a paired standardized money purchase pension plan using Basic Plan Document No. 03) in which any Participant in this Plan is (or was) a Participant or could become a Participant, you must complete this section. You must also complete this section if you maintain a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(l)(2) of the Code, under which amounts are treated as annual additions with respect to any Participant in this Plan. #705(12/90)L90 0000 Xxxxxxxxx Xxxxxxxx, Xxx., Xxxxxxxx, XX 00000 Part A. If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a master or prototype plan: 1. [ ] The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan. 2. [ ] Other method. (Provide the method under which the plans will limit total annual additions to the maximum permissible amount, and will properly reduce any excess amounts, in a manner that precludes Employer discretion.) ________________ ____________________________________________________________

Appears in 1 contract

Samples: Standardized Profit Sharing Plan Adoption Agreement (Bull & Bear Funds Ii Inc)

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LIMITATION ON ALLOCATIONS. More Than One Plan If you maintain or ever maintained another qualified plan (other than a paired standardized money purchase pension profit sharing plan using Basic Plan Document No. 03) in which any Participant in this Plan is (or was) a Participant or could become a Participant, you must complete this section. You must also complete this section if you maintain a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(l)(2) of the Code, under which amounts are treated as annual additions with respect to any Participant in this Plan. #705(12/90)L90 0000 Xxxxxxxxx Xxxxxxxx, Xxx., Xxxxxxxx, XX 00000 Part A. If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a master or regional prototype plan: 1. [ ] The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan. 2. [ ] Other method. (Provide the method under which the plans will limit total annual additions to the maximum permissible amount, and will properly reduce any excess amounts, in a manner that precludes Employer discretion.) )_________________ ____________________________________________________________ Part B. If the Participant is or has ever been a participant in a defined benefit plan maintained by the Employer, the Employer will provide below the language which will satisfy the 1.0 limitation of Section 415(e) of the Code. Such language must preclude Employer discretion.

Appears in 1 contract

Samples: National Standardized Money Purchase Pension Plan Adoption Agreement (Bull & Bear Funds Ii Inc)

LIMITATION ON ALLOCATIONS. More Than One Plan If you maintain or ever maintained another qualified plan (other than a paired standardized money purchase pension plan using Basic Plan Document No. 03) in which any Participant in this Plan is (or was) a Participant or could become a Participant, you must complete this section. You must also complete this section if you maintain a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(l)(2) of the Code, under which amounts are treated as annual additions with respect to any Participant in this Plan. #705(12/90)L90 0000 1000 Xxxxxxxxx Xxxxxxxx, Xxx., Xxxxxxxx, XX 00000 Part A. If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a master or prototype plan: 1. [ ] The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan. 2. [ ] Other method. (Provide the method under which the plans will limit total annual additions to the maximum permissible amount, and will properly reduce any excess amounts, in a manner that precludes Employer discretion.) ________________ ____________________________________________________________------------------------------------------------------------

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (Bull & Bear Gold Investors LTD)

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LIMITATION ON ALLOCATIONS. More Than One Plan If you maintain or ever maintained another qualified plan (other than a paired standardized money purchase pension plan using Basic Plan Document No. 03) in which any Participant in this Plan is (or was) a Participant or could become a Participant, you must complete this section. You must also complete this section if you maintain a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(l)(2) of the Code, under which amounts are treated as annual additions with respect to any Participant in this Plan. #705(12/90)L90 0000 1000 Xxxxxxxxx Xxxxxxxx, Xxx., Xxxxxxxx, XX 00000 Part A. If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a master or prototype plan: 1. [ ] The provisions of Section 3.05(B)(1) through 3.05(B)(6) of the Plan will apply as if the other plan were a master or prototype plan. 2. [ ] Other method. (Provide the method under which the plans will limit total annual additions to the maximum permissible amount, and will properly reduce any excess amounts, in a manner that precludes Employer discretion.) ________________ ____________________________________________________________

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (Bull & Bear Funds Ii Inc)

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