Maximum ACP definition

Maximum ACP means the maximum permissible Highly Compensated ACP for a Plan Year, based upon the Non- Highly Compensated ACP for the Plan Year in accordance with the following schedule: If the Non-Highly Compensated ACP is: The Maximum ACP is:2% or lessthe Non-Highly Compensated ACP multiplied by twogreater than 2% but less than 8%the Non-Highly Compensated ACP plus two percentage points8% or morethe Non-Highly Compensated ACP multiplied by 1.25 The Maximum ACP will be determined using the Non-Highly Compensated ACP for the current year.
Sample 1
Maximum ACP means the maximum permissible Highly Compensated ACP for a Plan Year, based upon the Non-Highly Compensated ACP for the Plan Year in accordance with the following schedule:The Maximum ACP will be determined using the Non-Highly Compensated ACP for the current year.
Sample 1
Maximum ACP means the maximum permissible Highly Compensated ACP for a Plan Year, based upon the Non-Highly Compensated ACP for the preceding Plan Year (or the current Plan Year, as applicable) in accordance with the following schedule:If the Non-Highly Compensated ACP is The Maximum ACP is 2% or less the Non-Highly Compensated ACP multiplied by two greater than 2% but less than 8% the Non-Highly Compensated ACP plus two percentage points 8% or more the Non-Highly Compensated ACP multiplied by 1.25 If the Plan ceases to meet the requirements set forth in Section 401(m)(11) of the Code during a Plan Year by reason of an amendment to the Plan, then the Maximum ACP will be determined using the Non-Highly Compensated ACP for the current Plan Year. In all other cases, the Maximum ACP will be determined using the Non-Highly Compensated ACP for the preceding Plan Year, unless the Administrator, with the consent of the Secretary of the Treasury or his delegate, adopts a written resolution providing that the Maximum ACP for such Plan Year shall be based upon the Non-Highly Compensated ACP for the same Plan Year rather than the preceding Plan Year.
Sample 1

Examples of Maximum ACP in a sentence

  • Table 13: RPS Compliance - Comparative Rate Impact on ARES Customers Utility Territory Maximum ACP Rate (¢/kWh) However, it appears that most ARES procured RECs rather than making ACP payments, so the actual rate impacts were likely to have been significantly lower.

  • Table 13: RPS Compliance - Comparative Rate Impact on ARES Customers Utility Territory Maximum ACP Rate (¢/kWh) The Maximum ACP Rates for the June 2018 through May 2019 period are shown in Table 13 above.

  • The Maximum ACP Rate for that time period is 0.18917 cents/kWh for ComEd, 0.18054 cents/kWh for Ameren Illinois, and 0.12415 cents/kWh for MidAmerican.

  • Table 13: RPS Compliance - Comparative Rate Impact on ARES Customers (2018-2019 delivery year) Utility Territory Maximum ACP Rate (¢/kWh) However, it appears that most ARES procured RECs rather than making ACP payments, so the actual rate impacts were likely to have been significantly lower.

  • The Matching Contributions of Participants who are Highly Compensated Employees shall be further limited for each Plan Year so that the Highly Compensated ACP does not exceed the Maximum ACP.

  • The data is sourced from https://www.icc.illinois.gov/electricity/RPSCompliancePaymentNotices.aspx.Table 13: RPS Compliance - Comparative Rate Impact on ARES Customers (2018-2019 delivery year) Utility Territory Maximum ACP Rate (¢/kWh) However, it appears that most ARES procured RECs rather than making ACP payments, so the actual rate impacts were likely to have been significantly lower.

Related to Maximum ACP

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • 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

  • Maximum mass means the maximum mass stated by the vehicle manufacturer to be technically permissible (this mass may be higher than the "permissible maximum mass" laid down by the national administration).

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum Allowable Payment means the maximum amount, as established by AvMed, which AvMed will pay for any Covered Service rendered by a Non-Participating Provider or supplier of services, medications or supplies, except for Emergency Medical Services and Care as defined herein. The Maximum Allowable Payment may be changed at any time by AvMed without notice to you or your consent.

  • Maximum Swingline Amount means $5,000,000.