Common use of Limitation on Amount Clause in Contracts

Limitation on Amount. The Employee's tax deferred contributions: (Choose (i) or at least one of (ii) or (iii)) (i) No maximum limitation other than as provided in the Plan. [X] (ii) May not exceed 10% of Compensation for the Plan Year, subject to the annual additions limitation described in Part 2 of Article III and the 402(g) limitation described in Section 14.07 of the Plan. [X] (iii) Based on percentages of Compensation must equal at least 1%.

Appears in 4 contracts

Sources: Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Conagra Inc /De/)

Limitation on Amount. The Employee's tax deferred contributions: (Choose (i) or at least one of (ii) or (iii)) (i) No maximum limitation other than as provided in the Plan. [X] (ii) May not exceed 108% of Compensation for the Plan Year, subject to the annual additions limitation described in Part 2 of Article III and the 402(g) limitation described in Section 14.07 of the Plan. [X] (iii) Based on percentages of Compensation must equal at least 1%.

Appears in 2 contracts

Sources: Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Conagra Inc /De/)

Limitation on Amount. The Employee's tax deferred contributions: (Choose (i) or at least one of (ii) or (iii)) (i) No maximum limitation other than as provided in the Plan. [X[ ] (ii) May not exceed 1012% of Compensation for the Plan Year, subject to the annual additions limitation described in Part 2 of Article III and the 402(g) limitation described in Section 14.07 of the Plan. [X] (iii) Based on percentages of Compensation must equal at least 1%.

Appears in 1 contract

Sources: Adoption Agreement (Conagra Inc /De/)