Common use of Maximum Permissible Allocation Clause in Contracts

Maximum Permissible Allocation. Notwithstanding anything in this paragraph (b) to the contrary, the Sponsoring Employer may limit the maximum amount of QNECs to be allocated for any Allocation Period to an Eligible Participant, to the limitation on disproportionate QNECs as described in paragraph 3.18(j)(4)(A) for purposes of the ADP Test or Section 1.44(e)(4) for purposes of the ACP Test.

Maximum Permissible Allocation. Notwithstanding anything in this paragraph (b) to the contrary, the Sponsoring Employer may limit the maximum amount of QNECs to QMACs that will be allocated for any Allocation Period to an Eligible Participant, to the limitation on disproportionate QNECs QMACs as described in paragraph 3.18(j)(4)(ASection 3.18(j)(4)(B) for purposes of the ADP Test or the limitation on disproportionate Matching Contributions as described in Section 1.44(e)(43.19(h) or (i) for purposes of the ACP Test.