LIMITATION ON. COMPENSATION The annual Compensation of each Participant which may be taken into account for determining all benefits provided under the Plan for any year, shall not exceed the limitation as imposed by Code Section 401(a)(17), as adjusted under Code Section 401(a)(17)(B). If a Plan has a Plan Year that contains fewer than twelve (12) calendar months, the annual Compensation limit for that period is an amount equal to the limitation as imposed by Code Section 401(a)(17) as adjusted for the calendar year in which the Compensation period begins, multiplied by a fraction, the numerator of which is the number of full months in the short Plan Year and the denominator of which is twelve (12). USERRA For purposes of Employee and Employer make-up contributions, Compensation during the period of military service shall be deemed to be the Compensation the Employee would have received during such period if the Employee were not in qualified military service, based on the rate of pay the Employee would have received from the Employer but for the absence due to military leave. If the Compensation the Employee would have received during the leave is not reasonably certain, Compensation will be equal to the Employee's average Compensation from the Employer during the twelve (12) month period immediately preceding the military leave or, if shorter, the Employee's actual period of employment with the Employer.
LIMITATION ON. HARD WALL OFFICE: No more than Fifty percent (50%) of the rentable floor area on any floor of any Building shall be enclosed as hard wall office, unless approved by Landlord at its sole discretion; provided, however, that Tenant may exceed this limitation if Tenant agrees to reconfigure the affected floor to such standard upon expiration or earlier termination of this Lease.
LIMITATION ON. SECURITY TRUSTEE'S ACTIONS 7.4 Notwithstanding knowledge by, or notice to, the Security Trustee of any Event of Default or breach anticipatory or actual of, or default under, any covenant, obligation, condition or provision by the Trustee or the Trust Manager contained in or imposed by this deed or the Master Trust Deed, the Security Trustee is only required to take all such steps and do all such things as it is empowered to do having regard to the powers, authorities and discretions vested in it pursuant to this deed and the obligations imposed on the Security Trustee by this deed.
Examples of LIMITATION ON in a sentence
THIS PARAGRAPH (d) SHALL IN NO WAY BE CONSTRUED TO LIMIT A PARTY’S OBLIGATION TO ARBITRATE ITS CLAIM OR TO CREATE A CAUSE OF ACTION (OR MODIFY THE LIMITATION ON ACTIONS PROVIDED IN RULE 901(a)) AND SHALL NOT AUTHORIZE AN ACTION THAT WOULD OTHERWISE BE PROHIBITED BY THE BSEF RULES.
THE LIMITATION ON DAMAGES PROVIDED BY THIS SECTION SHALL SURVIVE THE TERMINATION OF THIS CONFIRMATION AGREEMENT.
FAR 52.203-12 LIMITATION ON PAYMENTS TO INFLUENCE CERTAIN FEDERAL TRANSACTIONS (JUN 2020) (Applies if thisContract exceeds the threshold specified in FAR 3.808 on the date of award of this Contract).
The following FAR clauses apply to this Contract: FAR 52.203-6 RESTRICTIONS ON SUBCONTRACTOR SALES TO THE GOVERNMENT (SEP 2006) (Applies if this Contract exceeds$150,000.) FAR 52.203-12 LIMITATION ON PAYMENTS TO INFLUENCE CERTAIN FEDERAL TRANSACTIONS (OCT 2010) (Applies if this Contractexceeds $150,000.) FAR 52.203-13 CONTRACTOR CODE OF BUSINESS ETHICS AND CONDUCT (APR 2010) (Applies if this Contract exceeds 5,000,000 andthe period of performance is more than 120 days.
THE FOREGOING LIMITATION ON LIABILITY WILL NOT APPLY TO, AND WILL BE IN ADDITION TO, ANY FEES PAYABLE HEREUNDER.
More Definitions of LIMITATION ON
LIMITATION ON. EXERCISABILITY; DISPOSITION OF OPTION SHARES . Any incentive stock option that remains unexercised more than one year following termination of employment by reason of Disability or more than three months following termination for any reason other than death or Disability will thereafter be deemed to be a non-statutory stock option. In addition, in the event that a disposition (as defined in Section 424(c) of the Code) of shares of Common Stock acquired pursuant to the exercise of an incentive stock option occurs prior to the expiration of two years after its date of grant or the expiration of one year after its date of exercise (a "disqualifying disposition"), such incentive stock option will, to the extent of such disqualifying disposition, be treated in a manner similar to a non-statutory stock option.
LIMITATION ON. MEMBER'S DEFICIT MAKE-UP. No Member shall have any obligation to restore any deficit in its Capital Accounts.
LIMITATION ON. AMOUNTS The amount of life insurance held by the Trustee on the life of any Participant shall be limited as follows:
LIMITATION ON. INDEBTEDNESS The Company and the Company Subsidiaries shall not have indebtedness in excess of U.S.$1,400,000 at the Closing Date. For the purposes of this section 8.8 "indebtedness" shall mean all debts of the Company and Company Subsidiaries which should be stated on the balance sheet of the Company and/or the Company Subsidiaries under GAAP, including but not limited to the current portion of long term debt, long term debt and notes and specifically excluding (i) the intercompany balance of US$331,312 owed by Monital to Griptight, the US$155,546 owed by LWG to Lewix Xxxxx Xxxptight Limited and the US$68,765 owed by Griptight to Lewix Xxxxx Xxxptight (ii) deferred revenue (iii) corporate income taxes payable (iv) accounts payable and accrued expenses as shown within current liabilities on the balance sheet, (v) dealer holdbacks on acquisitions and (vi) the intercompany loans provided by Buyer pursuant to Section 3.5.
LIMITATION ON. PURCHASE OR SALE OF EQUIPMENT AND FIXED ASSETS. BORROWER WILL NOT MAKE OR INCUR ANY OBLIGATIONS IN ANY MANNER OR FORM FOR THE PURCHASE OR ACQUISITION OF FIXED ASSETS AND EQUIPMENT IN AN AGGREGATE AMOUNT GREATER THAN $300,000 DURING FISCAL YEAR 12-31-2005 OTHER THAN NORMAL ANNUAL OPERATING TRANSACTIONS REQUIRE PRIOR WRITTEN CONSENT OF THE BUSINESS LOAN AGREEMENT Loan No: 57748 (Continued) Page 5 ================================================================================ LENDER. THE LIMITATION WILL INCREASE BY $100,000 INCREMENTS EACH YEAR THEREAFTER, AS LONG AS ALL LOAN COVENANTS ARE BEING AND WILL BE MET. HOWEVER, IF THE COMPANY FAILS TO PERFORM AT PROJECTED PROFIT LEVELS, CAPITAL PURCHASES WILL BE DEFERRED. RATIO REQUIREMENTS. ALL RATIOS DETERMINED IN ACCORDANCE WITH GAAP AND MEASURED AT BORROWER'S FISCAL YEAR END.
LIMITATION ON. REPRESENTATIVE'S OR OTHER PERSON'S AUTHORITY No representative or other person except our President, a Vice-President, or the Secretary may (a) make or change any contract of insurance; or (b) make any binding promises about benefits; or (c) change or waive any of the terms of this policy. Any change or waiver is valid only if made in writing and signed by our President, Vice- President, or Secretary. INCONTESTABILITY We will not contest the validity of your policy after it has been in force during the insured's lifetime for 2 years from the Date of Policy. We will not contest the validity of any increase in the death benefit after such increase has been in force during the insured's lifetime for 2 years from its effective date.
LIMITATION ON. MODIFICATIONS OF INDEBTEDNESS; MODIFICATIONS OF CERTIFICATE OF INCORPORATION, OR OTHER CONSTITUTIVE DOCUMENTS, BY-LAWS AND CERTAIN OTHER AGREEMENTS, ETC.
(i) Amend or modify, or permit the amendment or modification of, any provision of existing Indebtedness or of any agreement (including any purchase agreement, indenture, loan agreement or security agreement) relating thereto other than any amendments or modifications to Indebtedness which do not in any way materially adversely affect the interests of the Lenders and are otherwise permitted under Section 6.01(b); (ii) except as required by Sections 4.08 and 4.11(e) of the Qualified Senior Note Indenture, make (or give any notice in respect thereof) any voluntary or optional payment or prepayment on or redemption or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of, any indebtedness outstanding under the Qualified Senior Notes; (iii) amend or modify, or permit the amendment or modification of, any provision of any Qualified Senior Notes or any agreement (including any Qualified Senior Note Document) relating thereto other than amendments or modifications which do not in any way materially adversely affect the interests of the Lenders and which are effected to make technical corrections to the respective documentation; (iv) amend or modify, or permit the amendment or modification of, any other Transaction Document, in each case except for amendments or modifications which are not in any way adverse in any material respect to the interests of the Lenders; or (v) amend, modify or change its articles of incorporation or other constitutive documents (including by the filing or modification of any certificate of designation) or by-laws, or any agreement entered into by it, with respect to its capital stock (including any shareholders' agreement), or enter into any new agreement with respect to its capital stock, other than any amendments, modifications, agreements or changes pursuant to this clause (v) or any such new agreements pursuant to this clause (v) which do not in any way materially adversely affect in any material respect the interests of the Lenders; and provided, that Holdings may issue such capital stock as is not prohibited by Section 6.11 or any other provision of this Agreement and may amend articles of incorporation or other constitutive documents to authorize any such capital stock.