AgdaPkt 2002-12-09 - Laserfiche WebLink

Browse Search

.. _ ._ . _._ - - -W � l �'� . , ,.... . -. - -- .. � � _ - � ___ APPENDIX A _ .. . � ANNUAL ADDITIONAL LIlVIITS Section 2.7 of the Plan shall be construed in accordance with this Appendix A. Unless the context clearly requires othervvise, words and phrases use� in this Appendix A sha11 have the same meanings that are assigned to them under the Plan. A.1 Definitions As used in this Appendix A, the following teims shall have the meanings specified below. "Annual Addi�ions" shall mean the sum credited to a Participant's Accounts for any Plan Year of (i) Employer contributions, (ii) Employee contributions, (iii) forfeitures, and (iv) amounts credited after March 31, 1984 to an individual medical account, as defined in Section 415(1)(2) of the Code which is pazt of a pension and annuity maintained by the Employer. "Defined BeneSt Plan" means a plan described in Section 414(j) and 414(k)(2) of the Code. � "Defined Contribution Plan" means a plan described in Section 414(i) and � 414(k)(2) of the Code. "Section 415 Compensadon" shall mean a Participant's wages within the meaning of Code Section 3401(a) and a11 other payments of compensation to the P� by the Employer (in the course of the Employer's business) for which the Employer is required tc provide the Participant a written statement under Code Sections 6041(d), 6051(a)(3) ar;� 6052. Section 415 Compensation shall be determined without regard to any rules under Code Section 3401(a) that limit the remuneration included in wages based on the nature ar location of the employment or the services performed. Compensation for any limitation yeaz is the compensation actually paid or includible in gross income during such year. Effective January l, 1998, "Section 415 Compensation" shall include elective deferrals as defined in Section 402(g)(3) of the Code and any amount which is contributed or deferred by the Employer at the election of an Employee and which is not includible in the gross income of the Employee by reason of Code Section 125, 132( fl(4) or 457. .A.2 Annual Addition Limitations (a) The compensation limitation of Section 2.7 of the Plan shall not apply to anv contribution for medical benefits (within the meaning of Secdon 419A(�(2)) after separation from service which is treated as an Annua� Addition. In the event that Annual .Additions to all the accounts of a Participant would exceed the limitations of Section 2.7 of the Plan, they shall be reduced in the following priority: (i) return of Employee contributions to the Participant; (ii) reduction of Employer contributions. (b) If any Employer contributes amounts, on behalf of Participants covered by the Plan, to other Defined Contribution Plans, thP limitation on Annual Additions 17 NB1:538180Z