Limit on Participation Sample Clauses

Limit on Participation. The Board limits the number of teachers who may retire under this Salary Enhancement Retirement Plan (Option B) in any year to 5% of the total number of teachers in the bargaining unit to be determined annually upon the close of the February notice date specified in paragraph 3 above. . When the computation of 5% of teachers results in a fractional number, the fraction shall be deemed to represent one (1) teacher. The Board reserves the right to increase the percentage of teachers who may take this Option A. The Board's exercise of the right to increase the percentage limitation shall not be deemed to act as a waiver of the 5% limitation in any other year. For purposes of the 5% limitation, the right to participate in the plan shall be allocated on the basis of seniority. Seniority shall be as defined in section 7.A.3 of this Agreement.
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Limit on Participation. The department may limit participation by public hospitals to no more than the number needed to maximize the fund.
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Limit on Participation. The Board limits the number of teachers who may retire under this Advance Notification Incentives Plan in any year to three (3) teachers. The Board reserves the right to increase the number of teachers who may participate. The Board may exercise the right to increase the limitation, but shall not be deemed to act as a waiver of the limitation in any other year. For purposes of the limitation, the right to participate in the plan shall be allocated first on the basis of notification and second on the basis of seniority. If multiple teachers from the same department or grade level submit notification for retirement in the same year, the Board reserves the right to defer for one year the retirement of one of those teachers, and that teacher shall be granted retirement the following year.
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Limit on Participation. A Participant cannot contribute monthly to Savings Contracts more than the Maximum Contribution.
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Limit on Participation. Participation in an Offering shall be limited to eligible employees who elect to participate in such Offering in the manner, and within the time limitation, established by the Board when it authorizes the Offering.
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Limit on Participation. The Board limits the number of teachers who may retire under this Board Contribution Early Retirement Plan (MERO-Option A) in any year to 5% of the total number of teachers in the bargaining unit to be determined annually upon the close of the February notice date specified in paragraph 3 above. When the computation of 5% of teachers results in a fractional number, the fraction shall be deemed to represent one
Sample 1

Related to Limit on Participation

  • L/C Participations (a) The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce the Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the terms and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Commitment Percentage in the Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued hereunder and the amount of each draft paid by the Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in full by the Borrower through a Revolving Credit Loan or otherwise in accordance with the terms of this Agreement, such L/C Participant shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Participant’s Revolving Credit Commitment Percentage of the amount of such draft, or any part thereof, which is not so reimbursed.

  • Sub-participation A Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, consultation with or notice to, the Borrowers.

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Lender Participations (a) Although any Lender may grant participations in its rights hereunder, such Lender shall remain a “Lender” for all purposes hereunder (and may not transfer by novation its rights and obligations or assign its rights under all or any portion of its Commitments hereunder except as provided in Sections 2.12 and 13.01) and the participant shall not constitute a “Lender” hereunder; and

  • No Participation in Management No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

  • Company Participation Subject to Section B.6, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action.

  • Reimbursement; Participations (a) If Issuing Bank honors any request for payment under a Letter of Credit, Borrowers shall pay to Issuing Bank, on the same day (“Reimbursement Date”), the amount paid by Issuing Bank under such Letter of Credit, together with interest at the interest rate for Base Rate Revolver Loans from the Reimbursement Date until payment by Borrowers. The obligation of Borrowers to reimburse Issuing Bank for any payment made under a Letter of Credit shall be absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any Letter of Credit or the existence of any claim, setoff, defense or other right that Borrowers may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, Borrowers shall be deemed to have requested a Borrowing of Base Rate Revolver Loans in an amount necessary to pay all amounts due Issuing Bank on any Reimbursement Date and each Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Commitments have terminated, an Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied.

  • Letter of Credit Participation See Section 4.1.4.

  • No Equity Participation No document relating to the Mortgage Loan provides for any contingent or additional interest in the form of participation in the cash flow of the Mortgaged Property or a sharing in the appreciation of the value of the Mortgaged Property. The indebtedness evidenced by the Mortgage Note is not convertible to an ownership interest in the Mortgaged Property or the Mortgagor and Seller has not financed nor does it own directly or indirectly, any equity of any form in the Mortgaged Property or the Mortgagor.

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