LIMITATIONS ON ALLOCATIONS The Employer's contribution. (including Salary Savings Agreement amounts) when allocated to eligible Participants for any Plan Year shall not exceed the lesser of 15% of each Participant's Compensation or $30,000 [as indexed under Code Section 415]. In addition, the Employer's contribution shall also bear a uniform relationship to the total Compensation of each Participant. For purposes of the preceding sentence, the Employer's contribution to the Old Age, Survivors and Disability Insurance program may be considered as part of the Employer's contribution. Employer contributions to the Old Age, Survivors and Disability Insurance Program may not be considered under this Plan if it is considered under any other plan of the Employer.
Appears in 6 contracts
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Equity Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim Investment Securities Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim International Funds Inc)