Exemption Limit definition

Exemption Limit means the exemption limit set forth in Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) and shall equal two times the lesser of: (i) the amount of Executive’s annualized compensation based upon the Executive’s annual rate of pay for the calendar year immediately preceding the calendar year in which Executive’s Separation from Service occurs (adjusted for any increase during the calendar year in which such Separation from Service occurs that would be expected to continue indefinitely had Executive remained employed with the Company), or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the calendar year in which Executive’s Separation from Service occurs (the Section 401(a)(17) annual compensation limit for 2009 is $245,000).
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Exemption Limit means, with respect to an operator’s remote mine, the amount determined under subsection (6); (“limite d’exonération”)
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Examples of Exemption Limit in a sentence

  • Notwithstanding the foregoing, if the Payment amount calculated to be paid in the Second Payment Period exceeds the Exemption Limit, the excess amount will be paid in the First Payment Period.

  • Commission Determination We find that the Renewable Exemption Limit, with the URM Impact component, complies with the February 2020 Order.

  • Protests and Comments NY Entities, Clean Energy Advocates, and Indicated NYTOs propose changes to the $0.50/kW-month value assigned to NYISO’s proposed Minimum Renewable Exemption Limit.

  • Cabling shall be standardized to perform testing for all carborne systems.

  • NYISO states that the Renewable Exemption Limit formula would account for “Incremental Regulatory Retirements,” which is intended to reflect incremental retirements attributable to “direct” regulatory action that has taken place since the prior study period.

  • Commission Determination We find that the Incremental Regulatory Retirement component of the Renewable Exemption Limit, as proposed in NYISO’s April 2020 Compliance Filing, complies with the February 2020 Order.

  • Commission Determination We find that the Renewable Exemption Bank component of NYISO’s proposed Renewable Exemption Limit complies with the Commission’s February 2020 Order because it is expressed in UCAP and it is calculated for each mitigated capacity zone.

  • Subpart (a) of NYISO’s proposed formula for the Renewable Exemption Limit establishes the Minimum Renewable Exemption Limit, which is designed to ensure that the renewable resources exemption does not have more than a de minimis effect on the market price forecasts in a single mitigated capacity zone.

  • Table 4.20Suggestion of Exemption Limit for a Couple or a Family RespondentsResponsesSource: Opinion Survey, 2010.From the above table 4.20, it is clear that most of the respondents (i.e. 48%) suggested for Rs. 250,000 as exemption limit for a family.

  • Exemption Limit for Single/Widowed persons 65 years of age and over increased from £15,000 to £15,500 and from£30,000 to £31,000 for Married Persons for 2004.Trade Union SubscriptionsTax relief at the standard rate for subscriptions paid to Trade Unions has been increased from £130 to £200 for 2004.

Related to Exemption Limit

  • Exemption means the exemption from real property taxation provided hereunder.

  • Registration Limitation shall have the meaning set forth in Section 2.01(c)(ii).

  • Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable portion of Economic Development Property is placed in service and ending on the Termination Date. In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are “subject to the Deduction Limitation” under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code Section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.8, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or the Participant’s Beneficiary (in the event of the Participant’s death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Section 162(m). Notwithstanding the foregoing, the Committee shall interpret this Section in a manner that is consistent with Code Section 409A and the regulations thereunder, including without limitation guidance issued in connection with that Section.

  • Exemption-Favored Party Any of (i) Xxxxx Fargo Securities, (ii) RBSSI, (iii) any Person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Xxxxx Fargo Securities or RBSSI and (iv) any member of any underwriting syndicate or selling group of which any Person described in clauses (i), (ii) and (iii) is a manager or co-manager with respect to a Class of Certificates.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • Prescribed Limit means 10% of the issued ordinary share capital of the Company as at the date of passing of this resolution unless the Company has effected a reduction of the share capital of the Company, at any time during the Relevant Period, in which event the issued ordinary share capital of the Company shall be taken to be the amount of the issued ordinary share capital of the Company as altered;

  • Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 4329, Lot 1 on the Tax Map of the City of New York.

  • Exemptions means the exemptions from the registration and prospectus or equivalent requirements under Applicable Securities Laws;

  • Emission limitation means a requirement established by the Board, the director or the Administrator, EPA, which limits the quantity, rate or concentration of emission of air pollutants on a continuous emission reduction including any requirement relating to the operation or maintenance of a source to assure continuous emission reduction (Section 302(k)).

  • Investor-Based Exemption Any of Prohibited Transaction Class Exemption ("PTCE") 84-14 (for transactions by independent "qualified professional asset managers"), PTCE 91-38 (for transactions by bank collective investment funds), PTCE 90-1 (for transactions by insurance company pooled separate accounxx), XXXX 95-60 (for transactions by insurance company general accounts) or PTCE 96-23 (for transactions effected by "in-house asset managers"), or any comparable exemption available under Similar Law.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Sub-Limit Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Subscription Limit means any applicable limit on the Issuer’s ability to fund newly issued ETP Securities pursuant to the terms of the LS Operating Procedures Agreement or the LS Margin Account Agreement, as may be amended from time to time.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Possession limit as used in s. NR 19.275, means the maximum number of a turtle species or group of turtle species which may be possessed by a person at any time.

  • Exemption Certificate is defined in clause (e) of Section 4.6.

  • Section 162(m means Section 162(m) of the Code.

  • Annual Limit means the maximum amount claimable per person in a calendar year, unless otherwise stated.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Section 162(m) of the Code means the exception for performance-based compensation under Section 162(m) of the Code and any applicable treasury regulations thereunder.

  • Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

  • Bag limit means the maximum number of game animals, game

  • QPAM Exemption is defined in Section 6.2(d).