Traditional XXX Sample Clauses

Traditional XXX. Under the 2011 Code, income taxes will be paid with respect to the contributions made by the Customer to the XXX. Pursuant to a ruling issued to the Trust by the Puerto Rico Treasury Department, the interest income generated from such deposits will be tax exempt when distributed to the Customers. The 2011 Code also provides that interest earned on deposits in Puerto Rico banking institutions is eligible for an income tax exclusion, currently of up to $2,000 ($4,000 if married filing jointly). To the extent such interest in any given year exceeds the amount excludable from gross income, the amount in excess may be subject to a tax rate of ten percent (10%) if the taxpayer elects that such interest be subject to withholding at source. Therefore, interest in excess of $2,000 ($4,000 if married filing jointly) generated by XXX, may be subject to a ten percent (10%) tax at the Customer’s election. The Customer also may opt to be taxed at a tax rate of ten percent (10%), to be withheld at source, on such part of the total or partial distribution from his/her XXX that consists of income from sources within Puerto Rico, as such term is defined by the Secretary of Treasury for such purposes. If the distribution is not considered a Qualified Distribution, as explained above, then it will be subject to a 10% penalty imposed by the 2011 Code or 15% in case of having prepaid income taxes. If a Customer is currently receiving retirement benefits from the Commonwealth of Puerto Rico Employee Retirement System or its instrumentalities, the Judiciary Employee Retirement System, or the Teacher’s Retirement System and requests a total or partial distribution from its XXX, he/she may elect to be taxed at a special 10% tax rate, instead of the tax rates described above, on those amounts attributable to nonexempt interest or to appreciation in value on the account The Code provides for various categories of tax-exempt income and income subject to preferential tax rates to be considered for purposes of Alternate Minimum Tax (AMT) for individuals. At present, AMT applies to individual taxpayers with incomes subject to an AMT of $25,000 or more. The AMT top rate is 24% for incomes subject to an AMT in excess of $250,000. These provisions may affect the taxation of taxpayers that receive XXX Distributions that include interests that would be otherwise exempt from regular income tax or subject to preferential tax rates. The Customer should consult a financial and/or legal counselor ...
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Related to Traditional XXX

  • COVID-19 Vaccine Passports Pursuant to Texas Health and Safety Code, Section 161.0085(c), Contractor certifies that it does not require its customers to provide any documentation certifying the customer’s COVID-19 vaccination or post-transmission recovery on entry to, to gain access to, or to receive service from the Contractor’s business. Contractor acknowledges that such a vaccine or recovery requirement would make Contractor ineligible for a state-funded contract.

  • Distribution of UDP and TCP queries DNS probes will send UDP or TCP “DNS test” approximating the distribution of these queries.

  • Conhecimento da Lingua O Contratado, pelo presente instrumento, declara expressamente que tem pleno conhecimento da língua inglesa e que leu, compreendeu e livremente aceitou e concordou com os termos e condições estabelecidas no Plano e no Acordo de Atribuição (“Agreement” xx xxxxxx).

  • Wage Scale The wages shown in Appendix A will be part of this Agreement.

  • SHOP XXXXXXX The Shop Xxxxxxx shall be a County employee as selected by the Union. A list of shop stewards will be kept current and sent by the Union to each department head and to Human Resources. Duties required by the Union of its stewards, except attendance at meetings with the County, supervisory personnel and aggrieved employees arising out of a grievance already initiated by an employee under Article 14 hereof, shall not interfere with their or other employees, regular work assignments as employees of the County. The shop xxxxxxx, or their designee, involved with a particular grievance must be identified at Step 1 of the grievance procedure and will be designated as the only bargaining unit employee who will be able to gather information pertaining to that particular grievance. The Union will make reasonable efforts to control the amount of investigative time spent between the shop xxxxxxx and the aggrieved employee. Meetings scheduled with management and other proper investigative procedures, and attendance at meetings specified in Steps 1 and 2 of the grievance procedure shall be considered hours worked for compensation purposes to the extent such meetings occur during the normal hours of work, and not otherwise. In order to use union leave for this purpose, Shop Stewards must notify the supervisor/department head of meetings and other commitments at the time these are scheduled. Attendance at meetings specified in Step 3 of the grievance procedure shall be considered hours worked during regularly scheduled business hours of the County for the xxxxxxx involved, witnesses and the grievant. The County shall not be liable for any overtime as a result of the meeting. Witnesses and the shop xxxxxxx involved shall be granted leave with pay to the extent their presence at the proceedings is required. If it is a discharge case the grievant shall not be paid except as provided in a remedy awarded.

  • Multi-Year Planning The CAPS will be in a form acceptable to the LHIN and may be required to incorporate (1) prudent multi-year financial forecasts; (2) plans for the achievement of performance targets; and (3) realistic risk management strategies. It will be aligned with the LHIN’s then current Integrated Health Service Plan and will reflect local LHIN priorities and initiatives. If the LHIN has provided multi-year planning targets for the HSP, the CAPS will reflect the planning targets.

  • Shift Rotation Routine shift rotation is not an approach to staffing endorsed by the Employer. Except for emergency situations where it may be necessary to provide safe patient care, shift rotation will not be utilized without mutual consent. If such an occasion should ever occur, volunteers will be sought first. If no one volunteers, the Employer will rotate shifts on an inverse seniority basis until the staff vacancies are filled.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Wage Scales All workers covered by this Agreement shall be classified and paid in accordance with the classification and wage scales as attached as Appendices "A" and forming part of this Agreement.

  • Linking to the Website and Social Media Features You may link to our homepage, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval, or endorsement on our part. This Website may provide certain social media features that enable you to: • Link from your own or certain third-party websites to certain content on this Website. • Send emails or other communications with certain content, or links to certain content, on this Website. • Cause limited portions of content on this Website to be displayed or appear to be displayed on your own or certain third-party websites. You may use these features solely as they are provided by us, and solely with respect to the content they are displayed with, and otherwise in accordance with any additional terms and conditions we provide with respect to such features. Subject to the foregoing, you must not: • Establish a link from any website that is not owned by you. • Cause the Website or portions of it to be displayed on, or appear to be displayed by, any other site, for example, framing, deep linking, or in-line linking. • Link to any part of the Website other than the homepage. • Otherwise take any action with respect to the materials on this Website that is inconsistent with any other provision of these Terms of Use. The website from which you are linking, or on which you make certain content available, must comply in all respects with the Content Standards set out in these Terms of Use. You agree to cooperate with us in causing any unauthorized framing or linking immediately to stop. We reserve the right to withdraw linking permission without notice. We may disable all or any social media features and any links at any time without notice in our discretion.

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