Inland Revenue Limits definition

Inland Revenue Limits means the limits and restrictions set out in Part X of this Trust Deed (or such other greater amounts that may be provided by the Plan that would not prejudice Approval) or such other limits and restrictions as may be made from time to time by the Board of Inland Revenue.
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Inland Revenue Limits means the limits on the amounts of benefit that are imposed by the Commissioners of Inland Revenue as a condition of their approval of the Scheme for the purposes of Chapter I of Part XIV of the Income and Corporation Taxes Act 1988.
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Inland Revenue Limits the limits specified by the Commissioners of Inland Revenue adopted by clause J.2 and set out in Schedule 6 or such other limits as apply from time to time.
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Examples of Inland Revenue Limits in a sentence

  • In the event that, due to Inland Revenue Limits, the Employee might not get the full benefit of such contribution, the Company shall make a net (after payment of tax and national insurance) payment in cash equal to the part (which may be the whole) of such contribution which may not be paid into the Supplementary pension scheme for the benefit of the Employee.

  • Any increase to a Member’s benefits made pursuant to this Schedule shall be reduced to the extent, if any, necessary to ensure the Member’s benefits do not exceed Inland Revenue Limits.

  • A Member may, with the consent of the Trustees, elect to exchange at the date of commencement of his pension part of that pension for a cash sum not exceeding (when added to similar lump sums under all other Relevant Schemes as defined in the Inland Revenue Limits Rules) 3/80ths of Final Salary (as defined in sub-Rule 11.7) for each complete year of Service together with a proportionate amount for each day in any incomplete year.

  • Although the Respondents were Class A Members within the 1996 Rules generally, they were Class C Members as defined in the Appendix for the purpose of the Inland Revenue Limits.

  • Thus, an amendment of a scheme, following the abolition of the ICTA Regime and the removal of the application of the Inland Revenue Limits, which sought to re-impose those limits, would be potentially caught by section 67 if members’ rights or entitlements to benefits had otherwise increased by reason of the removal of those limits and those rights or entitlements were “subsisting rights” for the purposes of section 67.

  • Notwithstanding anything to the contrary contained herein, in connection with any such purchase and sale, ABL Secured Parties shall retain all rights under the ABL Documents to be indemnified or held harmless by Grantors in accordance with the terms thereof.

  • A potential obstacle to the effective retention of the Inland Revenue Limits following the end of the transitional period was the application of the restrictions on the amendment of occupational pension schemes set out in section 67 PA 1995.

  • An E Plan Member shall be entitled at his Normal Retirement Date to a pension equal to 2/3rds of his Final Pensionable Earnings subject at all times to Inland Revenue Limits.

  • If a Participant goes on qualifying leave under the FMLA, Entitlement to non-health benefits, such as DCRA (if offered under the Plan as set forth in Appendix A attached hereto), is to be determined by the Employer’s policy for providing such Benefits when the Participant is on non-FMLA leave, as described in Section 2.05.

  • Diageo may at its option pay all or part of the sum payable under this clause 12.3 into the Pension Scheme in order to augment your benefits under the Scheme, subject always to Inland Revenue Limits and the approval of the Trustees of the Pension Scheme.


More Definitions of Inland Revenue Limits

Inland Revenue Limits means the limits that apply, at the date of these Rules, to contributions that can be paid to SIRBS and the benefits provided under SIRBS (see Rule 17.6 and the Appendix).
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Related to Inland Revenue Limits

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Insurance Affordability Program means a program that is one of the following:

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Credit unemployment insurance means insurance:

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Insurance Commissioner means the Insurance Commissioner

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Foreign nonprofit corporation means an entity:

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Health benefits plan means a benefits plan which pays or

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.