Maximum Income Sample Clauses

Maximum Income. USDA, Rural Development and IRS section 42 regulations require that should TENANT’S adjusted household income exceed qualifying limits, TENANT will no longer be eligible for occupancy in this Project. USDA, Rural Development and IRS Section 42 regulations require that once an eligible TENANT’S income is in excess of qualifying limits, TENANT is no longer eligible for occupancy in this project and will be required to vacate within thirty (30) days after service of notice that TENANT is ineligible for tenancy, or when TENANT’S current lease term ends, whichever is sooner, unless an exception is authorized by the State Director.
Sample 1
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Maximum Income. The potential homebuyer qualifies as a Middle Income Household.
Sample 1
Maximum Income. Tenants of Rental Dwellings must be Eligible Tenants who, at the time of lease execution during the Affordability Period, must have gross annual incomes at or below 90% Area Median Income (AMI) adjusted for household size as published by the U.S. Department of Housing and Urban Development (HUD) or otherwise determined by the City of Savannah Housing and Neighborhood Services Department (HNSD) with verification provided to the HNSD prior to lease execution. Unless otherwise requested by the HNSD, verification of incomes do not have to be provided to the HNSD for tenants participating in the Section 8, Housing Choice Voucher, Low Income Housing Tax Credit, or other rental assistance programs recognized by the HNSD. Unless required by funding sources used to produce or finance Rental Dwellings, tenants who subsequently realize increases to income above the Maximum Income limits after leasing a unit, do not have to move.
Sample 1
Maximum Income. The initial purchaser of each newly constructed For Sale Dwelling must be an Eligible Purchaser who, at the time of purchase, has a gross annual income at or below 90% Area Median Income (AMI) adjusted for household size as published by the U.S. Department of Housing and Urban Development (HUD) or otherwise determined by the City of Savannah Housing and Neighborhood Services Department (HNSD) with verification provided to the HNSD prior to sale. Subsequent purchasers of For Sale Dwellings are not bound by these income requirements unless otherwise restricted as part of the purchase financing.
Sample 1

Related to Maximum Income

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. Annual Rate of Vacation Accumulation Maximum 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Program Income Income directly generated from funds provided under this Contract or earned only as a result of such funds is Program Income. Unless otherwise required under the Program, Grantee shall use Program Income, as provided in UGMS Section III, Subpart C, .25(g)(2), to further the Program, and Grantee shall spend the Program Income on the Project. Grantee shall identify and report Program Income in accordance with the Contract, applicable law, and any programmatic guidance. Grantee shall expend Program Income during the Contract term, when earned, and may not carry Program Income forward to any succeeding term. Grantee shall refund Program Income to the System Agency if the Program Income is not expended in the term in which it is earned. The System Agency may base future funding levels, in part, upon Xxxxxxx’s proficiency in identifying, billing, collecting, and reporting Program Income, and in using Program Income for the purposes and under the conditions specified in this Contract.

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • 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.

  • Maximum In no event shall any holder be entitled to exercise any Warrant Shares to the extent that, after such exercise, the sum of the number of shares of Common Stock beneficially owned by any holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unexercised portion of the Warrant Shares or any unexercised right held by any holder subject to a similar limitation), would result in beneficial ownership by any holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock (after taking into account the shares to be issued to the holder upon such exercise). For purposes of this Section 2(c), beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended. Nothing herein shall preclude the holder from disposing of a sufficient number of other shares of Common Stock beneficially owned by the holder so as to thereafter permit the continued exercise of this Warrant.

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

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