Okay, when do you follow the 80% and when do you follow the 115%?
General purpose AC rated snap switches** can be used for motors, so long as the motor amps is no more than 80% of the switch amp rating.
So the inverse of 80% is 125%, ergo if you use this rule, you automatically exceed the 115% minimum requirement.
The 115% applies to switches that ALREADY have a motor HP rating in their listing, in other words you are
not using a general purpose switch, you are using a special purpose MOTOR rated switch. In that case, the 115% over sizing would apply, but is likely already baked into the product listing anyway. So you can double check if you like, but trust me,
it will meet or exceed the NEC requirement if it already has a HP rating.
So bottom line: if you use a switch that HAS a HP rating, you
know that you are covered. If you want to use a GP snap switch,
you have to make sure you are not using it at more than 80% of it's rating. Personally, I just always make sure any switch I use on a motor circuit has a HP rating that meets or exceeds the motor HP I am using. Safest bet.
If you want to see it all, this info is all laid out in 404.14, then basically repeated in 430.83 and 430.109
**Weirdly, if a snap switch is rated for ONLY use with AC, it can be rated for 80% motor amps. But if the switch has an AC/DC rating, you are limited to 50%.