Common use of Maximum Additions Clause in Contracts

Maximum Additions. Notwithstanding anything to the contrary contained in the Plan, the sum of: (1) the total Additions made to the Account of a Participant under this Plan for any Fiscal Year; and (2) the “annual additions” (as defined in Section 415 of the Code) made to the account of a Participant under any other qualified defined contribution plan maintained by the Company or any Affiliated Company, shall not exceed the Maximum Permissible Amount.

Appears in 5 contracts

Samples: Retirement and Savings Plan (Host Hotels & Resorts L.P.), Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Marriott Corp/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!