Common use of LIMITATION ON AMOUNT OF ALLOCATIONS Clause in Contracts

LIMITATION ON AMOUNT OF ALLOCATIONS. 3.9.1 As used in this Section 3.9, each of the following terms shall have the meaning for that term set forth in this Section 3.9.1: (A) Annual Additions means, for each Participant, the sum of the following amounts credited to the Participant's Accounts for the Limitation Year: (I) Employer Contributions within the meaning of IRS regulation 1.415-6(b);

Appears in 3 contracts

Sources: 401(k) Plan Adoption Agreement (Pennfed Financial Services Inc), Prototype Defined Contribution Plan Adoption Agreement (Media 100 Inc), Prototype Defined Contribution Plan Adoption Agreement (MSC Industrial Direct Co Inc)