Maximum Allocation Sample Clauses

Maximum Allocation. The tax allocated to any member shall not exceed the separate return tax of such member.
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Maximum Allocation. The maximum financial benefit for emergency assistance for an indigent veteran or family member will not exceed $1,200 during a 12-month period and $3,600 over a lifetime. Exceptions to these limits may be made with three signatures from designated members of the Clallam County Veterans Association. This exception is not to exceed 20 percent of the annual and lifetime limitations outlined above. Burial and cremation services will not be counted against the restrictions in this paragraph.
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Maximum Allocation. The aggregate Allocation of Assets in respect of an Asset Pool to any Asset Pool Signatory under this Part 10 shall not be greater than the maximum of its TA Claimant Amount, without prejudice to Clause 63.7. In respect of each Stock Line, the Company shall determine: (i) whether an Asset comprises Trust Assets; (ii) whether any Trust Assets comprise Distributable Trust Assets by reference to the definition of “Trust Assets” and “Distributable Trust Assets”, including whether such Assets have been located or identified; and (iii) the Asset Pool or Asset Pools into which each Stock Line falls. The process of any such determination in relation to a Stock Line is referred to as the “Identification” of the Distributable Trust Assets relating to that Stock Line, and “Identified” and “Identify” shall be construed accordingly. 36.1 Individual Claim Amount
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Maximum Allocation. The City agrees to pay the Visitors Bureau annually a total of One
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Maximum Allocation. (a) Except as provided in paragraph (b) below, the allocations to the Account of any Participant in any Limitation Year shall be limited so that the Participant's Annual Additions for such Year do not exceed the Maximum Permissible Amount. (b) If the foregoing limitation on allocations would be ex- ceeded in any Limitation Year for any Participant as a result of (i) the allocation of forfeitures; (ii) reasonable error in estimating a Participant's Compensation (as defined in Section 1.29); (iii) reasonable error in determining the amount of elective deferrals (within the meaning of Section 402(g)(3) of the Code) that may be made with respect to a Participant; or (iv) under such other limited facts and circumstances which the Commissioner of the Internal Revenue Service, pursuant to Treasury Regulation 1.415-6(b)(6), finds justify the availability of this subsection 6.7(b), the Participant's Earnings Deferral Contributions shall be distributed to him to the extent that such distribution would reduce the amount in excess of the limits of subsection 6.7 (a) Any amounts in excess of the limits of subsection 6.7(a) remaining after such distribution shall be placed, unallocated to any Participant, in a Suspense Account. If a Suspense Account is in existence at any time during a particular Limitation Year, other than the Limitation Year described in the preceding sentence, all amounts in the Suspense Account must be allocated to Participants' Accounts (subject to the limits of this Section 6.7) before any contributions that constitute Annual Additions may be made to the Plan for that Limitation Year. The excess amount allocated pursuant to this subsection 6.7(b) shall be used to reduce Matching Contributions for the next Limitation Year (and succeeding Limitation Years, as 123 necessary) for that Participant. However, if that Participant is not covered by the Plan as of the end of the applicable Limitation Year, then the excess amount must be held unallocated in the Suspense Account for the Limitation Year and reallocated in the next Limitation Year to all of the remaining Participants in the Plan. The Suspense Account will not share in the valuation of Participants' Accounts and the allocation of earnings set forth in Section 6.9 of the Plan, and the change in fair market value and allocation of earnings attributable to the Suspense Account shall be allocated to the remaining Accounts hereunder as set forth in Section 6.9. (c) Any reduction in the contributions ...
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Maximum Allocation. For purposes of determining whether the Plan would be Top-Heavy if "90%" were substituted for "60%" each place it appears in paragraphs (1)(A) and (2)(B) of Section 416(g) of the Code, as required by Section 416(h) of the Code, all of the preceding provisions of this Article XV shall be applicable except that the phrase "90%" shall be substituted for the phrase "60%" where it appears in paragraph (a) of Section 14.3. If, pursuant to the preceding sentence, it is determined that the Plan would be Top- Heavy if "90%" were so substituted for "60%," then for purposes of applying Sections 415(e) and 416(h) of the Code and Section 6.7 of the Plan to the allocations to the Accounts of any Participant for any Limitation Year, "1.0" shall be substituted for "1.25" in each applicable place in paragraphs (2)(B) and (3)(B) of Section 415(e) of the Code.
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Maximum Allocation. The provisions of this Section shall be construed ------------------ so as to comply with section 415 of the Code. (a) Notwithstanding anything in this Plan to the contrary, a Participant's Annual Additions shall not exceed the lesser of twenty-five percent (25%) of such Participant's Limitation Compensation for the Limitation Year or $30,000, or such larger amount equal to 1/4 of the defined benefit dollar limitation as adjusted for cost-of-living increases pursuant to Code sections 415(c)(l), 4l5(d)(l) and 4l5(d)(3). For purposes of the $30,000 limitation in this Subsection, there shall be treated as Employer Contributions with respect to a Participant's Accounts (1) any amount attributable to post-retirement medical benefits and allocated for Limitation Years beginning after December 31, 1985 to an account established for such Participant pursuant to section 419A(d) (1) of the Code in a welfare benefit fund, as defined in section 419(e) of the Code, by the Employer or a Related Company and (2) any amounts allocated for Limitation Years beginning after March 31, 1984 to such Participant's individual medical benefit account established pursuant to section 415(1) (2) of the Code under a defined pension or annuity plan sponsored by the Employer or a Related Company. (b) If the amount otherwise allocable to the Accounts of a Participant would exceed the amount described in Subsection (a) as a result of a reasonable error in estimating the Participant's Limitation Compensation or the allocation of forfeitures, if any, the Recordkeeper, at the direction of the Plan Administrator, shall adjust the Participant's Accounts in accordance with the provisions of Subsection (c).
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Maximum Allocation. The tax allocated to any Member shall not exceed the tax of such Member as provided in Sections 2 and 3.
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Related to Maximum Allocation

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

  • Section 704(c) Allocations Notwithstanding Section 6.5.A hereof, Tax Items with respect to Property that is contributed to the Partnership with an initial Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. With respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering, such variation between basis and initial Gross Asset Value shall be taken into account under the “traditional method” as described in Regulations Section 1.704-3(b). With respect to other Properties, the Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner. In the event that the Gross Asset Value of any Partnership asset is adjusted pursuant to subsection (b) of the definition of “Gross Asset Value” (provided in Article 1 hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations and using the method chosen by the General Partner; provided, however, that the “traditional method” as described in Regulations Section 1.704-3(b) shall be used with respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering. Allocations pursuant to this Section 6.5.B are solely for purposes of Federal, state and local income taxes and shall not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Net Income, Net Loss, or any other items or distributions pursuant to any provision of this Agreement.

  • Risk Allocation The Product is Regulatorily Continuing.

  • 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.

  • FORFEITURE ALLOCATION The amount of a Participant's Accrued Benefit forfeited under the Plan is a Participant forfeiture. The Advisory Committee will allocate Participant forfeitures in the manner specified by the Employer in its Adoption Agreement. The Advisory Committee will continue to hold the undistributed, non-vested portion of a terminated Participant's Accrued Benefit in his Account solely for his benefit until a forfeiture occurs at the time specified in Section 5.09 or if applicable, until the time specified in Section 9.14. Except as provided under Section 5.04, a Participant will not share in the allocation of a forfeiture of any portion of his Accrued Benefit.

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Tax Allocation The Purchase Price shall be allocated in accordance with Section 1060 of the Code among the Timberlands, minerals, Timberlands Contracts, and the Personal Property using the methodology mutually approved by Seller and Purchaser in the manner set forth in this Section 37, provided that such allocation methodology shall incorporate, reflect and be consistent with (a) the allocation set forth in Section 2.1, (b) the Value Table (other than the per acre values set forth therein) and (c) Exhibit 48 (the “Allocation Framework”). No later than sixty (60) days after the Closing Date, Seller shall deliver to Purchaser an allocation of the Purchase Price among the Timberlands, minerals, Timberlands Contracts, and Personal Property, which allocation shall be reasonable, based on fair market values, consistent with the Code, shall incorporate, reflect and be consistent with the Allocation Framework and to the extent relating to the portion of the Purchase Price paid for the Timberlands, set forth an allocation between the Installment Sale Timberlands and the Non-Installment Sale Timberlands (the “Proposed Allocation”). No later than one hundred twenty (120) days after the Closing Date, Seller and Purchaser shall endeavor to agree on the Proposed Allocation. In the event that Seller and Purchaser have not so agreed by such date Purchaser and Seller shall negotiate in good faith to resolve the dispute. If Purchaser and Seller fail to agree on such allocation before the date that is one hundred fifty (150) days following the Closing Date, such allocation shall be determined, within a reasonable time and in a manner that incorporates, reflects and is consistent with the Allocation Framework, by an independent, nationally recognized firm of accountants mutually selected by the Parties. The allocation of the total consideration, as agreed upon by Purchaser and Seller or determined by a firm of accountants under this Section 37, (the “Final Allocation”) shall be final and binding upon the Parties. Each of Purchaser and Seller shall bear all fees and costs incurred by it in connection with the determination of the allocation of the total consideration, except that the Parties shall each pay fifty percent (50%) of the fees and expenses of such accounting firm. Except to the extent otherwise required by applicable law, (a) Seller and Purchaser agree to prepare and file an IRS Form 8594 for or such other form or statement as may be required by applicable law, rule or regulation, and any comparable state or local income Tax form, in a manner consistent with the Final Allocation, (b) Seller and Purchaser shall adhere to the Final Allocation for all Tax-related purposes including any federal, foreign, state, county or local income and franchise Tax Return filed by them after the Closing Date, including the determination by Seller of Taxable gain or loss on the sale and the determination by Purchaser of its Tax basis with respect to same, and (c) neither Purchaser nor Seller shall file any Tax Return or, in a judicial or administrative proceeding, assert or maintain any Tax reporting position that is inconsistent with this Agreement or the Final Allocation agreed to in accordance with this Agreement.

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