Applicable Limits definition
Examples of Applicable Limits in a sentence
A Catch-Up Contribution is a Pre-Tax Contribution and/or ▇▇▇▇ Contribution made to the Plan by a Participant who is age 50 or over by the end of his or her taxable year that: (1) exceeds any of the Applicable Limits, as defined below and (2) is treated under the Plan as a Catch-Up Contribution, but only to the extent that it does not exceed the Catch-Up Contribution Limit, as defined below.
The Wisconsin Department of Natural Resources has reviewed the permit application and other materials submitted by Northern Engraving Corporation and hereby makes a preliminary determination that an operation permit may be issued with the following Draft Applicable Limits and Draft Permit Conditions.
A bus will be regarded as ‘on time’ if it departs from a scheduled departure point within the Applicable Limits from Time Table.
Without regard to the foregoing, the compensation committee of the Board shall have the right to adjust the dollar amount finally determined pursuant to the foregoing formula up or down by as much as 20%, with any upward adjustment to be subject to the Applicable Limits.