Common use of Maximum Annual Additions Clause in Contracts

Maximum Annual Additions. (a) Notwithstanding the foregoing, the maximum "annual additions" credited to a Participant's accounts for any "limitation year" shall equal the lesser of: (1) $30,000 (or, if greater, one-fourth of the dollar limitation in effect under Code Section 415(b)(1)(A)) or (2) twenty-five percent (25%) of the Participant's "

Maximum Annual Additions. (a1) Notwithstanding the foregoing, the maximum "annual additions" Annual Additions credited to a Participant's accounts for any "limitation year" Plan Year shall equal the lesser of: (1A) $30,000 (or, if greater, one-fourth (1/4) of the defined benefit dollar limitation as provided in effect under Code Section 415(b)(1)(A)405(b)(1) for the Plan Year, or (2B) twenty-five percent (25%) of the Participant's "415 Compensation for such Plan Year.