MA Class 1 Voluntary RECs Purchase Sample Clauses

MA Class 1 Voluntary RECs Purchase. This Agreement includes a purchase of RECs, sourced from Class 1 Renewable Resources in an amount equal to the percentage of the participants’ electricity usage described above, over and above any then-current renewable portfolio standard, clean energy standards or carbon reduction requirements applicable to alternative retail electric suppliers in Massachusetts. Each REC represents the environmental attributes associated with one MWh of electricity generated by a Class 1 Renewable Resource, but does not include any tax credits, depreciation allowances or third party subsidies of any kind. For purposes of this Agreement:
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Related to MA Class 1 Voluntary RECs Purchase

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

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