Permissible amount definition
Permissible amount means one of the following:
Permissible amount. The maximum annual addition that may be contributed or allocated to a Participant's Individual Account under the Plan for any limitation year shall not exceed the lesser of:
a. the defined contribution dollar limitation, or
Permissible amount means one of the following: (1) for a person who is a resident of Wisconsin, an amount that does not exceed two ounces of usable marijuana; or (2) for a person who is not a resident of Wisconsin, an amount that does not exceed one-quarter ounce of usable marijuana.
More Definitions of Permissible amount
Permissible amount means, with respect to any Hazardous Substance, such customary amounts thereof as may be commonly and lawfully generated, stored, used, treated, disposed of otherwise handled or located on or about the Real Property.
Permissible amount means:
Permissible amount means an amount that does not exceed 5 ounces of
Permissible amount means the maximum Annual Addition which may be contributed or allocated to a Participant's Account under the Plan for any Limitation Year. The maximum Annual Addition shall not exceed the lesser of: (a) the Defined Contribution Dollar Limitation, or (b)25% of the Participant's Compensation for the Limitation Year. The Compensation limitation referred to in (b) shall not apply to any contribution for medical benefits (within the meaning of Code Sections 401(h) or 419A(f)(2)) which is otherwise treated as an Annual Addition under Code Section 415(1)1) or 419A(d)(2). If a short Limitation Year is created because of an amendment changing the Limitation Year to a different 12-consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution Dollar Limitation multiplied by the following fraction Number of months in the short Limitation Year
Permissible amount. The maximum annual addition that may be contributed or allocated to a Participant's Individual Account under the Plan for any limitation year shall not exceed the lesser of:
a. the defined contribution dollar limitation, or b. 25% of the Participant's Compensation for the limitation year. The compensation limitation referred to in (b) shall not apply to any contribution for medical benefits (within the meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is otherwise treated as an annual addition under Section 415(IX1) or 419A(d)(2) of the Code. If a short limitation year is created because of an amendment changing the limitation year to a different 12-consecutive month period, the maximum permissible amount will not exceed the defined contribution dollar limitation multiplied by the following fraction: Number of months in the short limitation year --------------------------------------------- 12
Permissible amount means that number of Common Shares of the Company beneficially owned at any time by the Cann▇▇ ▇▇▇up expressed as a percentage of the outstanding Common Shares of the Company, set forth below: Percentage of Outstanding Common Shares of the Company Beneficially Owned by the Cann▇▇ ▇▇▇up Permissible Amount ------------------------- ------------------
Permissible amount means the maximum amount that may be paid to Executive without causing any portion of such payment to be non-deductible to Chart or Ben Franklin by reason of the operation of Section 280G of the Internal Revenue Code of 1986, as amended (the "CODE"). For all purposes under this Agreement the amount deemed to be payable without causing any such amount to be non-deductible shall be computed after deducting the value of all non-cash items, such as the acceleration of option vesting or the acceleration of the payment of any bonus, that are treated as parachute payments under Section 280G of the Code.