PRESCRIBED LIMITS Sample Clauses

PRESCRIBED LIMITS. The SFC Rules imposes restrictions on the maximum number of stock options contracts in any one market direction (N.B. long calls and short puts are in the same market direction while short calls and long puts are in the same market direction) for all expiry months combined that may be held or controlled by the Client. The prescribed limits on stock options contracts are specified in schedule 2 of the SFC Rules. In general, the prescribed limits in schedule 2 of the SFC Rules are also reflected in the Rules of SEHK. The Client should note that in addition to the prescribed limits, the SEHK may impose other position limits on a particular contract, Galaxy International Securities or the Client where situations warrant such action. The Client should make reference to the HKEX website for the latest prescribed limits: xxxxx://xxx.xxxx.xxx.xx/Services/Trading/Derivatives/Overview/Trading-Mechanism/Large-Open-Positions-and-Position-Limits?sc_lang=en The prescribed limits apply to all positions held or controlled by any person including positions held by the person for his own account and positions belonging to other persons but under the control of such person (“Aggregation Requirements”). A person is regarded as having control of positions as for example where a person is allowed to exercise discretion to trade or dispose of the positions independently without the day- to-day direction of the owner of the positions. The prescribed limits do not apply to a person who controls positions merely by virtue of its corporate relationship (e.g. a parent company in relation to positions held by its affiliates/subsidiaries) provided that such person does not give its affiliates/subsidiaries any day-to-day direction with respect to trading. Each of Galaxy International Securities and the Client is prohibited from entering into, holding or controlling more than the prescribed limits, unless the excess is expressly authorised by the SEHK or SFC in accordance with the SFC Rules.
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PRESCRIBED LIMITS. Where a full time employee is incapacitated by sickness or injury arising out of and in the course of employment, salary may be paid at the discretion of the employer.
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PRESCRIBED LIMITS. 7.1. Each Advanced User shall, unless YoloSwap otherwise determine, be subject to the following limitations: (a) the Offer Token Quantity for each Token Exchange Order shall not exceed the equivalent of such US$ amount as YoloSwap may approve from time to time, based on a US$ to Offer Token exchange rate as determined by us; and (b) the number of Completed Token Exchange transactions each Advanced User is entitled to make within each 24-hour period shall not be more than such number as YoloSwap may approve from time to time, or such other limitations as determined by us in our sole and absolute discretion, with or without prior notice to you (“Advanced User Prescribed Limit”).
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Related to PRESCRIBED LIMITS

  • ERISA Compliance; Excess Parachute Payments The Parent does not, and since its inception never has, maintained, or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans” (as defined in Section 3(1) of ERISA) or any other Parent Benefit Plan for the benefit of any current or former employees, consultants, officers or directors of Parent.

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Coverage Types and Policy Limits The types of coverage and policy limits required from the Contractor are specified in Paragraph B Insurance Requirements below.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain:

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

  • 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.

  • Transaction Limits You understand and acknowledge that your use of the Services is subject to a limit on volume (in fiat currency terms) that you may transact in a given time period. Such limits may vary, at our sole discretion, depending on a variety of factors, and we may apply higher limits to certain Account holders at our discretion.

  • Regulation D Compensation Each Bank may require the Company to pay, contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of such Bank at a rate per annum determined by such Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Bank wishing to require payment of such additional interest (x) shall so notify the Company and the Administrative Agent, in which case such additional interest on the Euro-Dollar Loans of such Bank shall be payable to such Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Dollar Business Days after the giving of such notice and (y) shall notify the Company at least five Euro-Dollar Business Days prior to each date on which interest is payable on the Euro-Dollar Loans of the amount then due it under this Section.

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