Maximum Annual Addition definition

Maximum Annual Addition means with respect to a Participant for any Limitation Year an amount equal to the lesser of (i) the Defined Contribution Dollar Limitation or (ii) 100% of the Participant’s Includable Compensation.

Maximum Annual Addition means that the Annual Addition that may be contributed or allocated to a Participant's Account under the Plan for any Limitation Year shall not exceed the lesser of:

Maximum Annual Addition means the limitation described in Section 5.3.

Examples of Maximum Annual Addition in a sentence

• If Annual Additions are credited to a Participant under any section 403(b) plans of the Employer in addition to this Plan for a Limitation Year, the sum of the Participant’s Annual Additions for the Limitation Year under this Plan and such other section 403(b) plans may not exceed the Maximum Annual Addition as set forth in section 5.02(d) below.

• If a Participant is in control of any employer for a Limitation Year, the sum of the Participant’s Annual Additions for the Limitation Year under this Plan, any other section 403(b) plans of the Employer, any defined contribution plans maintained by controlled employers, andany section 403(b) plans of any other employers may not exceed the Maximum Annual Addition as set forth in section 5.02(d) below.

• A Participant’s Annual Additions under the Plan for a Limitation Year may not exceed the Maximum Annual Addition as set forth in section 5.02(d) below.

• The Annual Additions which may be credited to a Participant under this Plan for any Limitation Year will not exceed the Maximum Annual Addition under section 2.4, reduced by the Annual Additions credited to the Participant under any other Section 403(b) Prototype Plans of the Employer in addition to this Plan and, if the Participant is in control of an employer, any defined contribution plans maintained by controlled employers and section 403(b) plans of any other employers.

• The Annual Addition of a Participant for any Limitation Year will not exceed the Maximum Annual Addition.

More Definitions of Maximum Annual Addition

Maximum Annual Addition means with respect to a Participant (except as otherwise permitted by Section 3.2.1(b) and Code section 414(v)), an Annual Addition equal to the lesser of (i) $40,000 (as adjusted for the cost of living pursuant to Code section 415(d)) or (ii) 100% of the Participant’s Includable Compensation.”

Maximum Annual Addition means the limit on Annual Additions imposed by I.R.C. ss. 415 on all qualified deferred compensation plans in each Limitation Year as defined below.

Maximum Annual Addition means, except for catch-up contributions described in Code Section 414(v), the Annual Addition that may be contributed or allocated to a Participant’s Account under the Plan for any Limitation Year. This amount shall not exceed the lesser of:

Maximum Annual Addition means with respect to a Participant for any Limitation Year an amount equal to the lesser of (i) $30,000 (as adjusted by the Secretary of the Treasury for increases in the cost-of-living), or (ii) 25% of the Participant's Includable Compensation.

Maximum Annual Addition means with respect to a Member for any Limitation Year an amount equal to the lesser of (i) the Defined Contribution Dollar Limitation or (ii) 25% of the Member’s Includible Compensation.

Maximum Annual Addition means the maximum amount that may be contributed or allocated to a Participant’s account under the Plan for any Limitation Year. The Maximum Annual Addition shall not exceed the lesser of: (i) the applicable dollar amount established under Code §415(c)(1)(a), as adjusted for increases in the cost-of-living pursuant to Code §415(d), or (ii) 100% of the Participant’s Includible Compensation for the Limitation Year, excluding any contribution for medical benefits after separation from service (within the meaning of Code §401(h) or Code §419A(f)(2)) which is otherwise treated as an Annual Addition.

Maximum Annual Addition means the greatest Annual Addition that can be allocated to the Accounts of a Participant for a Limitation Year.