Common use of LIMITATIONS ON ALLOCATIONS Clause in Contracts

LIMITATIONS ON ALLOCATIONS. If the Employer maintains or has ever maintained another qualified plan (other than the Sponsor's paired defined contribution plan numbers 01001, 01004 or 01005 or the Sponsor's paired defined benefit plan number 02001), in which any Participant in this Plan is (or was) a Participant or could possibly become a Participant, the following provision(s) must apply. The Employer must also complete this Section if it maintains 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 the Plan. (If the Employer maintains only paired plans of the Sponsor this Section should not be completed.) (a) If the Participant is covered under another qualified defined contribution plan maintained by the Employer other than a Master or Prototype Plan, Annual Additions for any Limitation Year shall be limited to comply with section 415(c) of the Code: