Maximum Disparity Table Sample Clauses

Maximum Disparity Table. For purposes of Options (b) and (c) and Adoption Agreement Section 3.04(b)(2), the applicable percentage is: Integration Level (as Applicable percentage of taxable wage base) Percentage 100% 5.7% More than 80% but less than 100% 5.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 20% (or $10,000, if greater) or less 5.7%
Sample 1Sample 2Sample 3See All (8)
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Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Integration Level (as Applicable Percentages for Applicable Percentages percentage of taxable wage base) Option (f) or Option (g) for Option (h) -------------------------------- -------------------------- ---------------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7%
Sample 1Sample 2Sample 3See All (8)
Maximum Disparity Table. The Maximum Profit Sharing Disparity Rate is equal to the applicable percentage determined in accordance with the following table: 20% or less of the TWB 5.7 % 2.7 % More than 20% but not more than 80% of the TWB 4.3 % 1.3 % More than 80% but less than 100% of the TWB 5.4 % 2.4 % 100% of the TWB 5.7 % 2.7 %
Sample 1Sample 2
Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: 100% 5.7 % 2.7 % More than 80% but less than 100% 5.4 % 2.4 % More than 20% (but not less than $10,001) and not more than 80% 4.3 % 1.3 % 20% (or $10,000, if greater) or less 5.7 % 2.7 % /
Sample 1
Maximum Disparity Table. For purposes of the permitted disparity allocation formulas under this Section 3.04(B)(2), the applicable percentage is: 100% 5.7% More than 80% but less than 100% 5.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 20% (or $10,000, if greater) or less 5.7% For this purpose, the Taxable Wage Base is the contribution and benefit base under section 230 of the Social Security Act in effect at the beginning of the Plan Year. The integration level is the uniform amount specified in the Employer’s Adoption Agreement. Overall Permitted Disparity Limits.
Sample 1
Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Applicable Percentages Applicable Integration Level (as for Option (f) or Percentages percentage of taxable wage base) Option (g) for Option (h) -------------------------------- --------------------- ---------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7% [ ] Allocation offset. The Advisory Committee will reduce a Participant's allocation otherwise made under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: _____________________________________ _________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2))
Sample 1
Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Integration Level (as Applicable Percentages for Applicable Percentages percentage of taxable wage base) Option (f) or Option (g) for Option (h) -------------------------------- --------------------------- ----------------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7% TOP HEAVY MINIMUM ALLOCATION - APPLICATION OF REQUIREMENT. The Plan applies the top heavy minimum allocation requirements of Section 3.04(B)(1): (Choose (j) or (k))
Sample 1
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Maximum Disparity Table. For purposes of the permitted disparity allocation formulas under this Section 3.04, the applicable percentage is: Integration level % Applicable % Applicable % of taxable for 2-tiered for 4-tiered wage base formula formula ------------------- ------------ ------------ 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7%
Sample 1

Related to Maximum Disparity Table

  • Required Minimum Distributions You are required to take minimum distributions from your IRA at certain times in accordance with Treasury Regulation 1.408-8. Below is a summary of the IRA distribution rules. 1. If you were born before July 1, 1949, you are required to take a minimum distribution from your IRA for the year in which you reach age 70½ and for each year thereafter. You must take your first distribution by your required beginning date, which is April 1 of the year following the year you attain age 70½. If you were born on or after July 1, 1949, you are required to take a minimum distribution from your IRA for the year in which you reach age 72 and for each year thereafter. You must take your first distribution by your required beginning date, which is April 1 of the year following the year you attain age 72. The minimum distribution for any taxable year is equal to the amount obtained by dividing the account balance at the end of the prior year by the applicable divisor. 2. The applicable divisor generally is determined using the Uniform Lifetime Table provided by the IRS. If your spouse is your sole designated beneficiary for the entire calendar year, and is more than 10 years younger than you, the required minimum distribution is determined each year using the actual joint life expectancy of you and your spouse obtained from the Joint Life Expectancy Table provided by the IRS, rather than the life expectancy divisor from the Uniform Lifetime Table. We reserve the right to do any one of the following by your required beginning date. (a) Make no distribution until you give us a proper withdrawal request (b) Distribute your entire IRA to you in a single sum payment (c) Determine your required minimum distribution each year based on your life expectancy calculated using the Uniform Lifetime Table, and pay those distributions to you until you direct otherwise If you fail to remove a required minimum distribution, an additional penalty tax of 50 percent is imposed on the amount of the required minimum distribution that should have been taken but was not. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

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  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

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