Limitations and Restrictions. Deduction of Rollovers and Transfers – A deduction is not allowed for rollover or transfer contributions.
Limitations and Restrictions. (a) Under an SEP Plan that meets the requirements of Section 408(k) of the Code, your employer may make contributions to your XXX. Your employer is required to provide you with information that describes the terms of your employer’s SEP Plan.
(b) Transfer of your XXX assets to a named Beneficiary or Beneficiaries made during your life and at your request or because of your failure to instruct otherwise, may be subject to federal gift tax under Section 2501 of the Code. However, the naming of a Beneficiary or Beneficiaries generally will not subject you to gift tax liability.
(c) Any withdrawal from your XXX, except a direct transfer to another XXX or qualified plan, is subject to federal income tax withholding and, perhaps, state income tax withholding. You may, however, elect not to have withholding apply to your XXX withdrawal. If withholding is applied to your withdrawal, not less than 10% (or other amount as prescribed by applicable law) of the amount withdrawn must be withheld for federal income tax. Special federal income tax withholding rules may apply if the distribution is sent outside of the United States.
(d) If you or your Beneficiary or Beneficiaries engage in a prohibited transaction with your XXX, as described in IRC Section 4975 of the Code, the XXX will lose its tax exemption and you must include the value of your account in your gross income for that taxable year. In addition, if you are under the age of 59½, the “distribution” also will be subject to both ordinary income tax and the 10% penalty tax for premature distributions.
(e) If you pledge any portion of your XXX as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that year.
(f) If you are age 70½ or older, you may make tax-free distributions of up to $100,000 per year directly from your XXX to certain charitable organizations. Special tax rules may apply. For further detailed information you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, from the IRS. This provision applies to distributions during tax years 2006 and 2007.
Limitations and Restrictions. Customer shall not, and shall not permit any other Person to, access or use the Services or Polco Materials except as expressly permitted by this Agreement. For purposes of clarity and without limiting the generality of the foregoing, Customer shall not, except as this Agreement expressly permits:
(a) copy, modify or create derivative works or improvements of the Services or Polco Materials;
(b) rent, lease, lend, sell, sublicense, assign, distribute, publish, transfer or otherwise make available any Services or Polco Materials to any Person, including on or in connection with the internet or any time-sharing, service bureau, software as a service, cloud or other technology or service;
(c) reverse engineer, disassemble, decompile, decode, adapt or otherwise attempt to derive or gain access to the source code of the Services, in whole or in part;
(d) bypass or breach any security device or protection used by the Services or access or use the Services other than by an Authorized User through the use of his or her own then valid access credentials;
(e) damage, destroy, disrupt, disable, impair, interfere with or otherwise impede or harm in any manner the Services or Polco’s provision of services to any third party, in whole or in part;
(f) access or use the Services or Polco Materials in any manner or for any purpose that infringes, misappropriates or otherwise violates any Intellectual Property Right or other right of any third party (including by any unauthorized access to, misappropriation, use, alteration, destruction or disclosure of the data of any other Polco customer), or that violates any applicable law;
(g) access or use the Services or Polco Materials for purposes of competitive analysis of the Services, the development, provision or use of a competing software service or product or any other purpose that is to Polco’s detriment or commercial disadvantage; or
(h) otherwise access or use the Services or Polco Materials beyond the scope of the authorization granted under Section 3.1.
Limitations and Restrictions. You may access the Participating Employee’s Archived Messages only with that Participating Employee’s express knowledge and consent. You must maintain records of each employee’s express, informed consent for you to collect such Participating Employee’s Archived Messages. If a Participating Employee revokes such consent at any time, then you must immediately cease initiating requests for that employee’s Archived Messages.
Limitations and Restrictions. Notwithstanding any provisions of this Agreement, the Developer shall not take any action, expend any sum, make any decision, give any consent, approval or authorization, or incur any obligation with respect to any of the following matters unless and until the same has been approved by the General Partner:
(a) Approval of all construction and architectural contracts and all architectural plans, specifications and drawings prior to the rehabilitation and/or alteration of any improvements contemplated thereby, except for such matters as may be expressly delegated in writing to the Developer by the General Partner;
(b) Any proposed change in the work of the rehabilitation of the Apartment Complex, or in the Plans and Specifications therefor as previously approved by the General Partner, or in the cost thereof, or any other change which would affect the design, cost, value or quality of the Apartment Complex, except for such matters as may be expressly delegated in writing to the Developer by the General Partner;
(c) Making any expenditure or incurring any obligation by or on behalf of the Partnership or the Apartment Complex involving a sum in excess of $25,000 or involving a sum of more than $5,000 where the same relates to a component part of any work, the combined cost of which exceeds $25,000, except for expenditures made and obligations incurred pursuant to and specifically set forth in a construction budget approved by the General Partner (the "Construction Budget") or for such matters as may be otherwise expressly delegated to the Developer by the General Partner;
(d) Making any expenditure or incurring any obligation which, when added to any other expenditure, exceeds the Construction Budget or any line item specified in the Construction Budget, except for such matters as may be otherwise expressly delegated in writing to the Developer by the General Partner; or
(e) Expending more than what the Developer in good faith believes to be the fair and reasonable market value at the time and place of contracting for any goods purchased or leased or services engaged on behalf of the Partnership or otherwise in connection with the Apartment Complex.
Limitations and Restrictions. You will not and will not allow a third party to:
a. transfer, sublicense, or assign Your rights under this license to any other person or entity (except as expressly provided in Section 12 below), unless expressly authorized by Cisco in writing;
b. modify, adapt or create derivative works of the Software or Documentation;
c. reverse engineer, decompile, decrypt, disassemble or otherwise attempt to derive the source code for the Software, except as provided in Section 16 below;
d. make the functionality of the Software available to third parties, whether as an application service provider, or on a rental, service bureau, cloud service, hosted service, or other similar basis unless expressly authorized by Cisco in writing;
e. Use Software that is licensed for a specific device, whether physical or virtual, on another device, unless expressly authorized by Cisco in writing;
f. remove, modify, or conceal any product identification, copyright, proprietary, intellectual property notices or other marks on or within the Software; or
Limitations and Restrictions. The Contractor shall not be entitled to enter into any commitment, contractual or other agreement, binding upon, or pledge the credit of, the Company without the express prior written consent of the Chief Executive Officer or the Directors.
Limitations and Restrictions. Xxxxxxx Xxxx XXX – If you are married and have compensation, you may contribute to a Xxxx XXX established for the benefit of your spouse, regardless of whether your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. Estate Tax – Amounts payable to your spouse, as your named beneficiary, may qualify for a marital tax deduction for federal estate tax purposes. Special Tax Treatment – Capital gains treatment and 10-year income averaging authorized by IRC Sec. 402 do not apply to Xxxx XXX distributions. Distributions under $10 will not be reported on IRS Form 1099-R (as allowed under IRS regulations) – However, you must still report these distributions to the IRS on your Form 1040 (as well as other forms that may be required to properly file your tax return).
Limitations and Restrictions. (a) Generally, for estate tax purposes, amounts held in a Xxxx XXX are included in your gross estate. However, if your spouse is your designated beneficiary, the Xxxx XXX may qualify for the marital deduction. Transfer of your Xxxx XXX assets to a named beneficiary or beneficiaries made during your lifetime and at your request or because of your failure to instruct otherwise, may be subject to federal gift tax under Section 2501 of the Code.
Limitations and Restrictions. (i) If Participant sells or otherwise disposes of any of the Shares acquired pursuant to the Option on or before the later of: (1) the date two years after the Date of Grant, and (2) the date one year after transfer of such Shares to Participant upon exercise of the Option, Participant immediately shall notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant from the early disposition by payment in the manner set forth in paragraph 8.
(ii) The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to which the Option is exercisable for the first time by Participant during any calendar year (under the Plan or under any other stock option plan of the Company or any Subsidiary) shall not exceed $100,000. If the Fair Market Value of Shares on the date of grant with respect to which the Option is exercisable for the first time by Participant during any calendar year exceeds $100,000, only the Options for the first $100,000 worth of Shares to become exercisable in such calendar year shall comply with Section 422 of the Code and Options for the amount in excess of $100,000 that become exercisable in that calendar year shall be non-qualified stock options. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date to provide for a different limit on the Fair Market Value of Shares permitted to be subject to incentive stock options, such different limit shall be automatically incorporated herein and shall apply to the unexercised portion of this Option after the effective date of such amendment, provided such regulations are intended to apply to pre-existing options.
(iii) Participant understands and acknowledges that for purposes of this Agreement, Participant must be an employee of the Company or a Subsidiary. Termination of Participant’s employment with the Company or a Subsidiary in order to provide service to the Company or a Subsidiary in any other capacity, such as a consultant or as an employee of a consultant providing services to the Company or a Subsidiary will not comply with the requirements of Section 422 of the Code and will result in the unexercised portion of the Option to be treated as a non-qualified stock option.
