Employing equitable estoppel Sample Clauses

Employing equitable estoppel. Regardless of the fact that a relatively clear conclusion may be drawn based on the factors discussed above, additional support is presented in the form of the doctrine of equitable estoppel, in one form or another. The essence of this doctrine may be found in the principle of venire contra factum proprium327 – no one may set himself in contradiction to his own previous conduct. As discussed above in Chapter 4.4.5, the underlying fundamental conception is that a party may not act inconsistently with his own conduct, which in practice means that a third party beneficiary may not choose to accept one provision of an agreement and choose not to touch the rest. Therefore, in case the right granted to it is subject to certain conditions, these conditions are not elective. 326 There are differing views to the question of burden of proof. For example, the Dutch Supreme Court stated in its decision in 2006 that subjecting the non-signatory to arbitration requires that “the will of the non-signatory to adhere to the arbitration agreement was clear and expressed without doubt”, see Hoge Raad (Civil Chamber) 20 January 2006, NJ 2006/77, JOL 2006, 40, RVDW 2006, p. 109, cited in Xxx xxx Xxxx 2007, p. 352. However, while agreeing that binding a non-signatory cannot happen lightly, the author disagrees with such construction of burden of proof which disregards valid and justifiable presumptions concerning arbitration agreements and therefore unnecessarily and to the detriment of the signatory hampers the true purpose of the parties by setting needlessly steep requirements of evidence, such as “without doubt”. 327 See Born 2009, p. 1194 Diligently employed especially in the United States, the doctrine of equitable estoppel has found its place in binding non-signatories to arbitration. For instance, in Hughes Masonry Co v. Greater Clark County School Building Corp., the court stated that “it would have been "manifestly inequitable" to allow the contractor both to claim that the manager was liable for a failure to perform under the terms of the contract, and at the same time to deny that the manager was a party to the contract in order to avoid arbitration.”328 (emphasis added) Incidentally, the non-signatory in KKO 2013:84 asserted that the signatory was liable for a failure to perform under the terms of the contract, and at the same time denied that the non- signatory itself was a party to the contract in order to avoid arbitration. Various other cases in the United Stat...
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Related to Employing equitable estoppel

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An employer-sponsored retirement plan includes any of the following types of retirement plans: • a qualified pension, profit-sharing, or stock bonus plan established in accordance with IRC 401(a) or 401(k); • a Simplified Employee Pension Plan (SEP) (IRC 408(k)); • a deferred compensation plan maintained by a governmental unit or agency; • tax-sheltered annuities and custodial accounts (IRC 403(b) and 403(b)(7)); • a qualified annuity plan under IRC Section 403(a); or • a Savings Incentive Match Plan for Employees of Small Employers (SIMPLE Plan). Generally, you are considered an “active participant” in a defined contribution plan if an employer contribution or forfeiture was credited to your account during the year. You are considered an “active participant” in a defined benefit plan if you are eligible to participate in a plan, even though you elect not to participate. You are also treated as an “active participant” if you make a voluntary or mandatory contribution to any type of plan, even if your employer makes no contribution to the plan. If you are not married (including a taxpayer filing under the “head of household” status), the following rules apply: • If you are not an “active participant” in an employer- sponsored retirement plan, you may make a contribution to a Traditional IRA (up to the contribution limits detailed in Section 3). • If you are single and you are an “active participant” in an employer-sponsored retirement plan, you may make a fully deductible contribution to a Traditional IRA (up to the contribution limits detailed in Section 3), but then the deductibility limits of a contribution are related to your Modified Adjusted Gross Income (AGI) as follows: Year Eligible to Make a Deductible Contribution if AGI is Less Than or Equal to: Eligible to Make a Partially Deductible Contribution if AGI is Between: Not Eligible to Make a Deductible Contribution if AGI is Over: 2020 $65,000 $65,000 - $75,000 $75,000 2021 & After - subject to COLA increases $66,000 $66,000 - $76,000 $76,000 If you are married, the following rules apply: • If you and your spouse file a joint tax return and neither you nor your spouse is an “active participant” in an employer-sponsored retirement plan, you and your spouse may make a fully deductible contribution to a Traditional IRA (up to the contribution limits detailed in Section 3). • If you and your spouse file a joint tax return and both you and your spouse are “active participants” in employer- sponsored retirement plans, you and your spouse may make fully deductible contributions to a Traditional IRA (up to the contribution limits detailed in Section 3), but then the deductibility limits of a contribution are as follows: Year Eligible to Make a Deductible Contribution if AGI is Less Than or Equal to: Eligible to Make a Partially Deductible Contribution if AGI is Between: Not Eligible to Make a Deductible Contribution if AGI is Over: 2020 $104,000 $104,000 - $124,000 $124,000 2021 & After - subject to COLA increases $105,000 $105,000 - $125,000 $125,000 • If you and your spouse file a joint tax return and only one of you is an “active participant” in an employer- sponsored retirement plan, special rules apply. If your spouse is the “active participant,” a fully deductible contribution can be made to your IRA (up to the contribution limits detailed in Section 3) if your combined modified adjusted gross income does not exceed $196,000 in 2020 or $198,000 in 2021. If your combined modified adjusted gross income is between $196,000 and $206,000 in 2020, or $198,000 and $208,000 in 2021, your deduction will be limited as described below. If your combined modified adjusted gross income exceeds $206,000 in 2020 or $208,000 in 2021, your contribution will not be deductible. Your spouse, as an “active participant” in an employer- sponsored retirement plan, may make a fully deductible contribution to a Traditional IRA if your combined modified adjusted gross income does not exceed the amounts listed in the table above. 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The amount of your contribution that is deductible for federal income tax purposes is based upon the rules described in this section. If you (or where applicable, your spouse) are an “active participant” in an employer- sponsored retirement plan, you can refer to IRS Publication 590-A: Figuring Your Modified AGI and Figuring Your Reduced IRA Deduction to calculate whether your contribution will be fully or partially deductible. Even if your income exceeds the limits described above, you may make a contribution to your IRA up to the contribution limitations described in Section 3. To the extent that your contribution exceeds the deductible limits, it will be nondeductible. However, earnings on all IRA contributions are tax deferred until distribution. You must designate on your federal income tax return the amount of your Traditional IRA contribution that is nondeductible and provide certain additional information concerning nondeductible contributions. Overstating the amount of nondeductible contributions will generally subject you to a penalty of $100 for each overstatement.

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