Income Limit Sample Clauses

Income Limit. The aggregate income of the Homeowner’s household does not exceed 240% of the Area Median Income (AMI) for the County, adjusted for household size. See Exhibit A to the Application. To evidence compliance with this condition, the Homeowner has submitted with this Grant Agreement a copy of its most recently filed IRS Form 1040 (or other applicable federal income tax return).
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Income Limit. The maximum household income for a tenant occupying a Qualified Unit to be a Qualified Household.
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Income Limit. Borrowers must meet household income limits. Borrowers must not exceed incomes that are 80% of area median income (“AMI”) for Hennepin County as defined by the United States Department of Housing and Urban Development (“HUD”). Incomes will be determined based on the applicant’s Household adjusted gross income from the most recent year’s Federal tax returns. For 2015, the HUD AMI Household income limits are: Household size 1 person 2 person 3 person 4 person 5 person 6 person 7 person 8 person Maximum Household income $46,100 $52,650 $59,250 $65,800 $71,100 $76,350 $81,600 $86,900 A Household is defined as all persons living in the house which may include one or more families, a single person, a married couple, or two or more unrelated persons, or any combination thereof. Household income is based on all people over 18‐years of age, who are living in the house.
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Income Limit. The maximum amount of your regular ▇▇▇▇ ▇▇▇ contributions is phased out based on the amount of your modified adjusted gross income (MAGI). • Single Person. Regular ▇▇▇▇ ▇▇▇ contributions for 2006 are phased out between $95,000 and $110,000 of MAGI. The phase-out range for 2007 • Married Filing Jointly. Regular ▇▇▇▇ ▇▇▇ contributions for 2006 are phased out between $150,000 and $160,000 of joint MAGI. The phase-out range for 2007 contributions is $156,000 to $166,000. MAGI Definition. For purposes of determining whether a regular ▇▇▇▇ contribution can be made, “modified adjusted gross income” (or “MAGI”) is computed by starting with adjusted gross income (the last line on the first page of IRS Form 1040) without taking into account: (a) income from converting a traditional ▇▇▇ into a ▇▇▇▇ ▇▇▇, (b) deductions for making traditional ▇▇▇ contributions, and (c) certain foreign income, foreign housing exclusions, and series ▇▇ ▇▇▇▇ interest. Contribution Phase-Out. The income limit does not apply to you if your MAGI is below the bottom of the phase-out range. You are not able to make regular ▇▇▇▇ ▇▇▇ contributions if your MAGI is above the top of the phase-out range.
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Related to Income Limit

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).