OASDI Rate definition

OASDI Rate for a Plan Year shall mean the tax rate applicable, on the first day of the Plan Year, to employer contributions for old age, survivors, and disability insurance under the Social Security Act.
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OASDI Rate for a Plan Year shall mean the tax rate applicable on the first day of the Plan Year, to employer contributions for old age, survivors, and disability insurance under the Social Security Act.
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OASDI Rate means the rate at which employers are required to withhold the employee’s portion of so-called FICA taxes in order to fund Social Security or “OASDI” benefits (without regard to any applicable earnings caps) on any applicable Payment Date. The OASDI Rate is 6.20% on the Effective Date.
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Examples of OASDI Rate in a sentence

  • The Integration Rate for a Plan Year will be the OASDI Rate for each Plan Year |_| or, if this box is checked, ____________________% (not in excess of OASDI Rate) Note: An Employer may elect to integrate the Plan with Social Security only if the Employer does not maintain another qualified retirement plan integrated with Social Security.


More Definitions of OASDI Rate

OASDI Rate for a Plan Year shall mean that portion of the tax rate under Section 3111(a) of the Code in effect on the first day of the Plan Year which is attributable to old age insurance.
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OASDI Rate for a Plan Year shall mean that portion of the tax rate ------------ under Code Section 3111 (a) in effect on the first day of the Plan Year which is attributable to old-age insurance.
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OASDI Rate for a Plan Year shall mean that portion of the tax rate under Code Section 3111(a) in effect on the first day of the Plan Year which is attributable to old-age insurance. 2.42 "One-Year Break in Service" shall mean a 12-consecutive-month period in which an Employee does not complete more than 500 Hours of Service unless the number of Hours of Service specified in the Adoption Agreement for purposes of determining a Year of Service is less than 501, in which case a 12-consecutive-month period in which an Employee has fewer than that number of Hours of Service shall be a One-Year Break in Service. The computation period over which One-Year Breaks in Service shall be measured shall be the same computation period over which Years of Service are measured. 2.43 "Owner-Employee" shall mean an Employee who is a sole proprietor adopting this Plan as the Employer, or who is a partner owning more than 10% of either the capital or profits interest of a partnership adopting this Plan as the Employer. Solely for the purposes of Article XII hereof, an Owner-Employee shall also mean an Employee who owns (or is considered as owning within the meaning of Code Section 318(a)(1)) on any day during the Year, more than 5% of the Employer if the Employer is an electing small business corporation. 2.44 "Participant" shall mean an Employee who is eligible to participate in the Plan under Article III (other than, if this Plan is adopted as a nonstandardized plan, a Self-Employed Individual who elects not to be a Participant in the Plan) and any other person (including former Employees) with respect to whom any Account exists under the Plan. 2.45 "Plan" shall mean this 401(k) Plan and Adoption Agreement. 2.46 "Plan Year" shall mean the fiscal year of the Employer or a different 12-consecutive-month period as specified in the Adoption Agreement. A Plan Year may consist of less than a 12-consecutive-month period in the case
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Related to OASDI Rate

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Reference Rate means the rate specified as such hereon.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following: (1) for any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 8:00 a.m. (California time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately preceding Business Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or in the absence of such other service, the “Daily Adjusting LIBOR Rate” for such day shall, instead, be determined based upon the average of the rates at which Bank is offered dollar deposits at or about 8:00 a.m. (California time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on the immediately preceding Business Day, in the interbank eurodollar market in an amount comparable to the outstanding principal amount of the Obligations and for a period equal to one (1) month; divided by (2) 1. 00 minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4104753 WY 241 14 84265 40600 489.91 722 410475300000000 9 239 1 112000 11/22/2000 26 Cheyenne 82001 2 13.490 112 40566.5 12/01/2020 2 4104771 IL 181 14 166909 47400 623.3 687 410477100000000 6 179 1 185500 11/22/2000 49 Xxxxxxxx 60103 2 13.750 116 47319.82 12/01/2015 2 4104797 IN 301 14 103471 39600 454.09 748 410479700000000 8 299 1 115000 11/29/2000 47 Carmel 46032 2 13.250 125 39583.15 12/04/2025 2 4104815 IN 181 14 81357 23125 302.17 689 410481500000000 6 180 1 87500 12/08/2000 36 Seymour 47274 2 13.630 120 23085.4 01/01/2016 2 4104842 MI 181 4 34420 35000 465.88 683 410484200000000 6 179 1 60000 11/27/2000 41 Sterling Height 48312 2 13.990 116 34942.16 12/01/2015 2 4104870 NE 301 14 34273 28000 413.71 650 410487000000000 8 300 1 50000 12/11/2000 45 Xxxxxxxx 68319 2 17.500 125 28000 01/01/2026 2 4104879 IL 181 9 145656 50000 712.68 661 410487900000000 6 178 1 157000 10/13/2000 37 OSWEGO 60543 2 15.380 125 49854.97 11/01/2015 2 4104916 PA 301 14 46542 34000 415.8 691 410491600000000 8 300 1 65000 12/05/2000 38 Bethlehem 18018 2 14.250 124 33987.95 01/01/2026 2 4104922 FL 181 14 69816 35000 465.88 698 410492200000000 6 179 1 85000 11/22/2000 49 Miami 33169 2 13.990 124 34883.65 12/01/2015 2 4104961 AZ 241 14 86158 57550 673.84 728 410496100000000 9 240 1 115000 12/08/2000 32 Glendale 85308 2 12.990 125 57550 01/01/2021 2 4105059 NJ 301 14 142700 49000 552.28 687 410505900000000 8 299 1 175000 11/28/2000 50 Somerville 8876 2 12.990 110 48978.14 12/04/2025 2 4105078 MI 301 14 78750 20000 232.98 711 410507800000000 8 299 1 79000 11/21/2000 45 Manton 49663 2 13.490 125 19991.85 12/01/2025 2 4105272 SC 301 14 73750 20000 235.03 695 410527200000000 8 300 1 75000 12/07/2000 39 Greenville 29609 2 13.630 125 19992.05 01/01/2026 2 4105298 IN 301 14 89533 25400 286.28 741 410529800000000 8 300 1 92000 12/11/2000 39 Bloomfield 47424 2 12.990 125 25400 01/01/2026 2 4105349 IL 181 14 148000 40500 525.55 726 410534900000000 6 180 1 165000 12/12/2000 44 Lake Villa 60046 2 13.490 115 40429.74 01/01/2016 2 4105385 IL 181 14 39861.77 47600 621.97 681 410538500000000 6 180 1 70000 12/13/2000 37 Chillocothe 61523 2 13.630 125 47518.49 01/01/2016 2 Page 261 of 409

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Wage Rate refers to an Employee’s hourly rate of pay reflected by the pay grade of her position and her step within that grade, as set out in the Wage Rate grid in Appendix II.

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Initial LIBOR Rate Not applicable.