Definition and General Provisions. An excess IRA contribution is any amount contributed in excess of the permissible contribution limits for an IRA or SEP-IRA. An excess IRA contribution may also occur as the result of rolling over a distribution, or any part of a distribution, that is ineligible for rollover. There are three ways to correct an excess IRA contribution: the "Timely Correction Method", the "Untimely Excess Method" and the "Carryover Correction Method." In order for an excess IRA contribution to be considered "corrected" under any of these three correction methods, all the requirements specified for each method must be fulfilled. The key provisions of each of these three methods are described below but due to the complexity of the requirements applicable to each method, it is recommended that you consult your tax advisor or attorney and/or review IRS Publication 590 for more guidance. Note that any excess contribution not corrected using the Timely Correction Method described below will be subject to a 6% penalty for each year the excess contribution amount remains in your IRA.
Definition and General Provisions. 1.A grievance is a written complaint by an individual employee, a group of employees, or AFSCME that the University has violated a specific provision of this Agreement.
Definition and General Provisions. Ka Yuen Co-working space is hereinafter referred to as “Ka Yuen” or “we” or “us”. The member is hereinafter referred to as “the member(s)” or “you”.
Definition and General Provisions. The Common Areas shall be subject to the exclusive control and management of Landlord, expressly reserving to Landlord, without limitation, the right to erect, install, replace and remove improvements, including planters, fences, landscaping and freestanding buildings. Landlord reserves the right, from time to time, to construct, maintain, replace, remove and operate lighting and other facilities, equipment and signs on all of the Common Areas; to police the same; to change the area, level, location and arrangement of the parking areas and other facilities forming a part of the Common Areas; to reasonably restrict parking by Tenant and other tenants and occupants of the Commercial Center and their respective employees, agents, customers and invitees; to close temporarily all or any portion of the Common Areas for the purpose of making repairs or changes thereto or to effect construction, repairs or changes within the Commercial Center, and to discourage non-customer parking; and to establish, modify, invoke and enforce reasonable rules and regulations with respect to the Common Areas and the use to be made thereof. Tenant shall make no claim against Landlord by reasons of Landlord's failure to uniformly enforce such rules and regulations against all tenants and occupants of the Commercial Center. Tenant further agrees, after notice thereof, to abide by such rules and regulations and to use its best efforts to cause its officers, employees, agents, customers and invitees to abide thereby. Tenant is hereby given a non-exclusive and non-transferable license (in common with all others to whom Landlord has or may hereafter grant such rights) to use, during the Term, the Common Areas as they may now or at any time during the Term exist; provided, however, that if the size, location or arrangement of the Common Areas or the type of facilities at any time forming a part thereof be changed or diminished, Landlord shall have no liability to Tenant therefor. In order to establish that all or any portion of the Commercial Center is and will continue to remain private property and to prevent a dedication thereof or the accrual of any rights to the person or to the public therein, Landlord reserves the unrestricted right to close to the general public all or any portion of the Commercial Center owned, leased or controlled by Landlord to the extent and for the period necessary to prevent such dedication or accrual, and, in connection therewith, to seal off all entrances ...
Definition and General Provisions. An excess Xxxx XXX contribution is any amount contributed in excess of the permissible contribution limits for a Xxxx XXX. An excess Xxxx XXX contribution may also occur as the result of rolling over or converting an amount from a Traditional IRA that is ineligible for rollover or conversion either because your MAGI for the year is above the limit or because the amount is a RMD. There are two ways to correct an excess Xxxx XXX contribution: the "Timely Correction Method" and the "Carryover Correction Method." A "failed conversion" as defined previously can only be corrected by means of recharacterization; not by withdrawal under any of the correction methods described here. In order for an excess Xxxx XXX contribution to be considered "corrected" under either correction method, all the requirements specified for each method must be fulfilled. The key provisions of each method are described below but due to the complexity of the requirements applicable to each method, it is recommended that you consult your tax advisor or attorney and/or review IRS Publication 590 for more guidance. Note that any excess contribution not corrected using the Timely Correction Method described below will be subject to a 6% penalty for each year the excess contribution amount remains in your Xxxx XXX. If you make regular contributions to both a Traditional IRA and a Xxxx XXX for the same taxable year that together exceed the maximum limitation, the excess amount by law, will be deemed to have been created in your Xxxx XXX. Correction Methods for Excess IRA Contributions:
Definition and General Provisions. Redundancy shall be defined as the loss of employment due to NRMA Motoring and Services no longer requiring the work being performed by an employee or employees to continue. If, for any reason, NRMA Motoring and Services decides that workforce levels are excessive relative to meeting contractual and commercial obligations, and having been satisfied that opportunities for natural attrition have been exhausted, it shall explore opportunities for redundancy in consultation with the employee(s) and the Union party to this Agreement. NRMA Motoring and Services has sole discretion in respect to either voluntary or involuntary redundancy decisions. NRMA Motoring and Services will not be required to make any of the payments set out in Clause 18.6, if it offers or obtains for, the employee, alternative comparable employment. Redundancy does not apply where termination is a result of ill health in terms of the provisions of the Superannuation Fund. For the purposes of this Clause "alternative comparable employment" includes alternative employment:
