applicable percentage

(B)For purposes of subparagraph (A), the term “applicable percentage” means, with respect to each of the plans described in clauses (i) and (ii) of subparagraph (A), the percentage determined by dividing— (i)the excess (if any) of— (I)the sum of the funding target and target normal cost determined under section 430, over (II)the amount of the assets required to be allocated to the plan after the spin-off (without regard to this paragraph), by (ii)the sum of the excess amounts determined separately under clause (i) for all such plans.


26 USC § 414(l)(2)(B)

Scoping language

For purposes of subparagraph
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