Maximum Disparity Table Sample Clauses

Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Integration Level (as Applicable Percentages for Applicable Percentages percentage of taxable wage base) Option (f) or Option (g) for Option (h) -------------------------------- -------------------------- ---------------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7%
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Maximum Disparity Table. For purposes of Options (b) and (c) and Adoption Agreement Section 3.04(b)(2), the applicable percentage is: Integration Level (as Applicable percentage of taxable wage base) Percentage 100% 5.7% More than 80% but less than 100% 5.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 20% (or $10,000, if greater) or less 5.7%
Sample 1Sample 2Sample 3See All (8)
Maximum Disparity Table. The Maximum Profit Sharing Disparity Rate is equal to the applicable percentage determined in accordance with the following table: If the Integration Level is (as a % of the Taxable Wage Base (“TWB”)): The applicable percentage used with two-step formula is: The applicable percentage used with four-step formula is: 20% or less of the TWB 5.7 % 2.7 % More than 20% but not more than 80% of the TWB 4.3 % 1.3 % More than 80% but less than 100% of the TWB 5.4 % 2.4 % 100% of the TWB 5.7 % 2.7 %
Sample 1
Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Integration Level (as Applicable Percentages for Applicable Percentages percentage of taxable wage base) Option (f) or Option (g) for Option (h) -------------------------------- --------------------------- ----------------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7% TOP HEAVY MINIMUM ALLOCATION - APPLICATION OF REQUIREMENT. The Plan applies the top heavy minimum allocation requirements of Section 3.04(B)(1): (Choose (j) or (k))
Sample 1
Maximum Disparity Table. For purposes of the permitted disparity allocation formulas under this Section 3.04, the applicable percentage is: Integration level % Applicable % Applicable % of taxable for 2-tiered for 4-tiered wage base formula formula ------------------- ------------ ------------ 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7%
Sample 1
Maximum Disparity Table. For purposes of the permitted disparity allocation formulas under this Section 3.04(B)(2), the applicable percentage is: Integration level % of Taxable Wage Base Applicable % 100% 5.7% More than 80% but less than 100% 5.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 20% (or $10,000, if greater) or less 5.7% For this purpose, the Taxable Wage Base is the contribution and benefit base under section 230 of the Social Security Act in effect at the beginning of the Plan Year. The integration level is the uniform amount specified in the Employer’s Adoption Agreement. Overall Permitted Disparity Limits.
Sample 1
Maximum Disparity Table. For purposes of Options (f), (g) and (h), the applicable percentage is: Applicable Percentages Applicable Integration Level (as for Option (f) or Percentages percentage of taxable wage base) Option (g) for Option (h) -------------------------------- --------------------- ---------------- 100% 5.7% 2.7% More than 80% but less than 100% 5.4% 2.4% More than 20% (but not less than $10,001) and not more than 80% 4.3% 1.3% 20% (or $10,000, if greater) or less 5.7% 2.7% [ ] Allocation offset. The Advisory Committee will reduce a Participant's allocation otherwise made under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: _____________________________________ _________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2))
Sample 1
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Related to Maximum Disparity Table

  • Required Minimum Distributions Your required minimum distribution is calculated using the uniform lifetime table in Regulations section 1.401(a)(9)-9. However, if your spouse is your sole designated beneficiary and is more than 10 years younger than you, your required minimum distribution is calculated each year using the joint and last survivor table in Regulations section 1.401(a)(9)-9. If you fail to request your required minimum distribution by your required beginning date, we can, at our complete and sole discretion, do any one of the following. • Make no distribution until you give us a proper withdrawal request • Distribute your entire IRA to you in a single sum payment • Determine your required minimum distribution from your IRA each year based on your life expectancy, calculated using the uniform lifetime table in Regulations section 1.401(a)(9)-9, and pay those distributions to you until you direct otherwise We will not be liable for any penalties or taxes related to your failure to take a required minimum distribution.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Accrual of Annual Leave (1). Full-time employees appointed for more than nine (9) months, except employees on academic year appointments, shall accrue annual leave at the rate of 6.769 hours biweekly or 14.667 hours per month (or a number of hours that is directly proportionate to the number of days worked during less than a full-pay period for full-time employees), and the hours accrued shall be credited at the conclusion of each pay period or, upon termination, at the effective date of termination. Employees may accrue annual leave in excess of the year end maximum during a calendar year. Employees with accrued annual leave in excess of the year end maximum as of December 31, shall have any excess converted to sick leave on an hour-for-hour basis on January 1 of each year.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in three (3) years. Further accumulation will not continue when the maximum is reached. Annual Rate of Vacation Accumulation Maximum 80 hours 240 hours 120 hours 360 hours 160 hours 480 hours 180 hours 540 hours 200 hours 600 hours 240 hours 720 hours

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Code Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis), and such item of gain or loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Treasury Regulations.

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