Annual Limits Sample Clauses

Annual Limits. Delivery of DCP ICS pursuant to this Section III.F shall be combined with and count toward the limitations on delivery of ICS set forth in Section XI.G.3.C.4 of the 2007 Interim Guidelines .
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Annual Limits. No Incentive Stock Option shall be granted to an Eligible Person as a result of which the aggregate Fair Market Value (determined as of the Date of Grant) of the stock with respect to which Incentive Stock Options are exercisable for the first time in any calendar year under the Plan and any other stock option plans of the Company or any Subsidiary would exceed $100,000, determined in accordance with Section 422(d) of the Code. This limitation shall be applied by taking Incentive Stock Options into account in the order in which granted.
Sample 1Sample 2
Annual Limits. (a) Notwithstanding anything contained herein to the contrary, the annual additions to a Participant's Accounts for a calendar year (which will be the Limitation Year for purposes of Code Section 415) may not exceed the lesser of (i) $30,000, as adjusted periodically for cost-of-living changes in accordance with Code Section 415 and regulations thereunder, or (ii) 25% of his total Code Section 415 compensation for such year. For purposes of this section, Code Section 415 compensation means a Participant's total non-deferred compensation from an Employer for a Plan Year, as defined in Code Section 415 and regulations thereunder. The foregoing $30,000 shall be reduced proportionately to reflect any short Plan Year of less than twelve months. (b) Annual additions to a Participant's Account for any Limitation Year means the sum of the annual additions (as defined in Code Section 415(c)(2)) under all qualified defined contribution plans maintained by Amoco or any Affiliated Company. (c) If the foregoing limit is applicable to a Participant for a Limitation Year, the Plan Administrator shall reduce the annual additions to such Participants' Accounts in the following order of priority: (i) against the After-Tax Savings Contributions made by the Participant under this Plan, but only to the extent that such Participant's Company Matching Contributions are not reduced; (ii) against the Tax-Deferred Savings Contributions made on behalf of the Participant under this Plan; and (iii) against the Company Matching Contributions made on behalf of the Participant under this Plan. (d) For any Plan Year, the sum of a Participant's defined contribution plan fraction and his defined benefit plan fraction may not exceed 1, as follows: (i) His defined contribution plan fraction for any Plan Year is the fraction (A) whose numerator is the sum of annual additions to his Accounts as of the close of such Plan Year, and (B) whose denominator is the sum of the lesser of the following amounts determined for such year and for each prior year of service with his Employer; the product of 1.25 (1.0 if the plan is top-heavy) and the dollar limitation in effect for such year, or the product of 1.4 and 25% of the Participant's compensation determined under Section 415 of the Code for such year. (ii) His defined benefit plan fraction for any Plan Year is a fraction (A) whose numerator is his aggregate projected annual benefit under all defined benefit plans sponsored by Amoco (or any Affiliated...
Sample 1
Annual Limits. If you subscribe to a pricing tier with an annual limit, we will periodically assess your usage during that annual period and keep you updated on your usage, where we consider this is necessary. If at any point your usage is at 120% of your annual limit or more, we reserve the right to upgrade your subscription to the appropriate pricing tier for the remainder of your annual term, and invoice you for the additional amount payable. We will endeavour to notify you in advance if you are close to reaching your use limit for a period.
Sample 1
Annual Limits. For the maximum allowed in a year, check each box that applies to you. If you choose the amount or percentage and your annual deduction results in an amount over the current year IRS threshold, the age 50 and older or Special 15 year service catch up must be selected if applicable. If this section is not completed, your deduction will be stopped when you reach the current year IRS threshold, and you will need to complete a new form to obtain the higher deduction.
Sample 1
Annual Limits. Personal leave may be granted annually to each contract classified employee of the district.
Sample 1

Related to Annual Limits

  • ANNUAL LIMITATION Notwithstanding anything contained in this Agreement to the contrary, and with respect to each Tax Year of the Tax Limitation Period beginning after the first Tax Year of the Tax Limitation Period, in no event shall (i) the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year, exceed (ii) the amount of the maintenance and operations ad valorem taxes that the Applicant would have paid to the District for such Tax Year (determined by using the District’s actual maintenance and operations tax rate for such Tax Year) if the Parties had not entered into this Agreement. The calculation and comparison of the amounts described in clauses (i) and (ii) of the preceding sentence shall be included in all calculations made pursuant to Article IV of this Agreement, and in the event the sum of the amounts described in said clause (i) exceeds the amount described in said clause (ii), then the payments otherwise due from the Applicant to the District under Articles IV, V, and VI shall be reduced until such excess is eliminated.

  • Territorial Limits UK [and elsewhere in the world in respect of non manual visits].

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Additional Limitation (i) Anything in this Agreement to the contrary notwithstanding, in the event that the amount of any compensation, payment or distribution by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with Section 280G of the Code, and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the Aggregate Payments shall be reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00 less than the amount at which the Executive becomes subject to the excise tax imposed by Section 4999 of the Code; provided that such reduction shall only occur if it would result in the Executive receiving a higher After Tax Amount (as defined below) than the Executive would receive if the Aggregate Payments were not subject to such reduction. In such event, the Aggregate Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to Section 280G of the Code: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) shall be reduced before any amounts that are subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c). (ii) For purposes of this Section 6(b), the “After Tax Amount” means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • GEOGRAPHICAL LIMITS The Recipient shall be bound to this Agreement with: (check one)

  • General Limitation Xxxxxx Mae shall be liable under the terms of the Lower Tier Classes, the Certificates and this Trust Agreement only to the extent of faithful performance of the duties and responsibilities imposed by the terms of the Lower Tier Classes, the Certificates and this Trust Agreement.

  • Additional Limitations The issuance of ADSs against deposits of Shares generally or against deposits of particular Shares may be suspended, or the deposit of particular Shares may be refused, or the registration of transfer of ADSs in particular instances may be refused, or the registration of transfers of ADSs generally may be suspended, during any period when the transfer books of the Company, the Depositary, a Registrar or the Share Registrar are closed or if any such action is deemed necessary or advisable by the Depositary or the Company, in good faith, at any time or from time to time because of any requirement of law or regulation, any government or governmental body or commission or any securities exchange on which the ADSs or Shares are listed, or under any provision of the Deposit Agreement or the representative ADR(s), if applicable, or under any provision of, or governing, the Deposited Securities, or because of a meeting of shareholders of the Company or for any other reason, subject, in all cases, to Section 7.8.

  • Coverage Limits By requiring insurance, the State of Washington and DSHS do not represent that the coverage and limits required in this Contract will be adequate to protect the Contractor. Such coverage and limits shall not limit the Contractor’s liability in excess of the required coverage and limits, and shall not limit the Contractor’s liability under the indemnities and reimbursements granted to the State and DSHS in this Contract.

  • Financial Limit 3.1 Payments under this Calldown Contract shall not, exceed £454,511 (Pound Four Hundred Fifty Four Thousand and Five Hundred Eleven Only) (“the Financial Limit”) and is exclusive of any government taxes.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!