Common use of LIMITATION ON ALLOCATIONS Clause in Contracts

LIMITATION ON ALLOCATIONS. 5.01 If the Participant does not participate in, and has never participated in another qualified plan maintained by the Employer or a welfare benefit fund, as defined in Section 419(e) of the Code maintained by the Employer, or an individual medical account, as defined in Section 415(1)(2) of the Code, maintained by the Employer, which provides an Annual Addition as defined in section 5.13, the amount of Annual Additions which may be credited to the Participant's account for any Limitation Year will not exceed the lesser of the Maximum Permissible Amount, or any other limitation contained in this Plan. If 23 the Employer contribution that would otherwise be contributed or allocated to the Participant's account would cause the Annual Additions for the Limitation Year to exceed the Maximum Permissible Amount, the amount contributed or allocated will be reduced so that the Annual Additions for the Limitation Year will equal the Maximum Permissible Amount.

LIMITATION ON ALLOCATIONS. 5.01 (a) Employee Participating Only in This Plan (1) If the Participant does not participate in, and has never participated in in, another qualified plan maintained by the an Affiliated Employer or a welfare benefit fund, as defined in Section 419(e) of the Code maintained by the Employer, or an individual medical account, as defined in Section 415(1)(2) of the Code, maintained by the Affiliated Employer, which provides an Annual Addition as defined in section 5.13Addition, the amount of Annual Additions which may be credited to the Participant's account Account for any Limitation Year will not exceed the lesser of the Maximum Permissible Amount, maximum permissible amount or any other limitation contained in this Plan. If 23 the Employer contribution Contribution that would otherwise be contributed or allocated to the Participant's account Account would cause the Annual Additions Addition for the Limitation Year to exceed the Maximum Permissible Amountmaximum permissible amount, the amount contributed or allocated will be reduced so that the Annual Additions Addition for the Limitation Year will equal the Maximum Permissible Amount.maximum permissible amount. ___________________________________________________

LIMITATION ON ALLOCATIONS. 5.01 A. If the Participant does not participate in, and has never participated in another qualified plan maintained by the Employer or a welfare benefit fund, as defined in Section 419(e) of the Code maintained by the Employer, or an individual medical account, as defined in Section 415(1)(2415(I)(2) of the Code, or a simplified employee pension plan, as defined in Section 408(k) of the Code, maintained by the Employer, which provides an Annual Addition annual addition as defined in section 5.13, Section 3.08(E) (1) the following rules shall apply: 1. The amount of Annual Additions annual additions which may be credited to the Participant's account Individual Account for any Limitation Year limitation year will not exceed the lesser of the Maximum Permissible Amount, maximum permissible amount or any other limitation contained in this Plan. If 23 the Employer contribution Contribution that would otherwise be contributed or allocated to the Participant's account Individual Account would cause the Annual Additions annual additions for the Limitation Year limitation year to exceed the Maximum Permissible Amountmaximum permissible amount, the amount contributed or allocated will be reduced so that the Annual Additions annual additions for the Limitation Year limitation year will equal the Maximum Permissible Amountmaximum permissible amount.

LIMITATION ON ALLOCATIONS. 5.01 A. If the Participant does not am participate in, and has never participated in another qualified plan maintained by the Employer or a welfare benefit fund, as defined in Section 419(e) of the Code maintained by the Employer, or an individual medical accountaccount as defined in Section 415(l)(2) of the Code, or a simplified employee pension plan, as defined in Section 415(1)(2408(k) of the Code, maintained by the Employer, which provides an Annual Addition annual addition as defined in section 5.13Section 3.08(E)(1), the following rules shall apply: I. The amount of Annual Additions annual additions which may be credited to the Participant's account Individual Account for any Limitation Year limitation year will not nor exceed the lesser of the Maximum Permissible Amount, maximum permissible amount or any other limitation contained in this the Plan. If 23 the Employer contribution Contribution that would otherwise be contributed or allocated to the Participant's account Individual Account would cause the Annual Additions annual additions for the Limitation Year limitation year to exceed the Maximum Permissible Amountmaximum permissible amount, the amount contributed or allocated will be reduced so that the Annual Additions annual additions for the Limitation Year limitation year will equal the Maximum Permissible Amountmaximum permissible amount.