Combined Plan Limits and Correction. If a Participant has also participated in a defined benefit plan maintained by a Related Company, the sum of the Defined Benefit Fraction and the Defined Contribution Fraction for any Plan Year may not exceed 1.0. If the combined fraction exceeds 1.0 for any Plan Year, the Participant's benefit under any defined benefit plan (to the extent it has not been distributed or used to purchase an annuity contract) shall be limited so that the combined fraction does not exceed 1.0 before any defined contribution limits will be enforced.
Appears in 3 contracts
Sources: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Employees' Savings Plan and Trust Agreement (Timken Co), Plan and Trust Agreement (Roadway Services Inc)
Combined Plan Limits and Correction. If a Participant has also participated in a defined benefit plan maintained by a Related Company, the sum of the Defined Benefit Fraction and the Defined Contribution Fraction for any Plan Year may not exceed 1.0. If the combined fraction exceeds 1.0 for any Plan Year, the Participant's benefit under any defined benefit plan (to the extent it has not been distributed or used to purchase an annuity contract) shall be limited so that the combined fraction does not exceed 1.0 before any defined contribution limits will shall be enforced.
Appears in 3 contracts
Sources: Employee Stock Savings Plan (La Gear Inc), Employee Savings Plan Agreement (Nipsco Industries Inc), Employee Stock Savings Plan (La Gear Inc)
Combined Plan Limits and Correction. If a Participant has also participated in a defined benefit plan maintained by a Related Company, the sum of the Defined Benefit Fraction and the Defined Contribution Fraction for any Plan Year may not exceed 1.0. If the combined fraction exceeds 1.0 for any Plan Year, the Participant's benefit under any defined benefit plan (to the extent it has not been distributed or used to purchase an annuity contract) shall be limited so that the combined fraction does not exceed 1.0 before any defined contribution limits will shall be enforced.. --------------------------------------------------------------------------------
Appears in 1 contract
Sources: Retirement Savings Plan and Trust Agreement (Spieker Properties Inc)
Combined Plan Limits and Correction. If a Participant has also participated in a defined benefit plan maintained by a Related Company, the sum of the Defined Benefit Fraction and the Defined Contribution Fraction for any Plan Year may not exceed 1.0. If the combined fraction exceeds 1.0 for any Plan Year, the Participant's benefit under any defined benefit plan (to the extent it has not been distributed or used to purchase an annuity contract) shall be limited so that the combined fraction does not exceed 1.0 before any defined contribution contribution, limits will shall be enforced.
Appears in 1 contract
Sources: Savings Plan and Trust Agreement (Nipsco Industries Inc)