Common use of Limitation on Amount Clause in Contracts

Limitation on Amount. An Employee’s deferral contributions are subject to the following limitation(s) in addition to those imposed by the Code: (Choose (1), (2) or (3) as applicable)

Appears in 3 contracts

Samples: Employee 401(k) Plan (Trimeris Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

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Limitation on Amount. An Employee’s 's deferral contributions are subject to the following limitation(s) in addition to those imposed by the Code: (Choose (1), (2) or (3) as applicable)) [X] (1) Maximum deferral amount: 25%.

Appears in 1 contract

Samples: Adoption Agreement (Bank of Granite Corp)

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