General Limit definition

General Limit has the meaning set forth in Section 12.5(b).
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Examples of General Limit in a sentence

  • The total payroll withholding for all regular and supplemental plans may not exceed the General Limit under IRC 402(g) for a year, except for the catch-up amounts described below.

  • After the Company has determined the amount, if any, of Shares that are to be redeemed the Company shall direct M&N Group Holdings, LLC to cause there to be a Interim Capital Transaction (as such term is defined in the M&N Group Holdings, LLC operating agreement) in an amount sufficient to redeem a number of units of M&N Group Holdings, LLC that will allow the Company to redeem the Vested Shares that have been requested to be redeemed and that are within the General Limit.

  • An employee with at least the equivalent of 15 years of full time service with the Colleges may “catch up” by contributing up to $3,000 each year above the General Limit towards the Life Time Catch-Up Limit of $15,000.

  • For illustrative purposes only, if there is 100,000,000 units of ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC outstanding at the time of the initial public offering of ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, Inc., then the General Limit shall be based on a sale 1,500,000 units of ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC.

  • Notwithstanding the previous paragraph, to the extent Shareholders (other than ▇▇▇▇▇▇▇) have availed themselves of a similar provision of a Related Shareholders Agreement, the General Limit shall be reduced by an amount equal to what was sold pursuant to those Related Shareholders Agreements.

  • Sr. Debt Balance Yes Yes Yes Debt amount ranking senior to the Loans.

  • The second option allows you to make full use of the General Limit without making any catch-up contributions.

  • However, if the eligibility requirements are satisfied, the General Limit may be exceeded by the use of Special 403(b) Catch-up deferrals and Age 50 Catch-up deferrals.

  • If you do not select an option in Part D, your deferrals will be reduced, if necessary, only to the maximum legal limit, that is the General Limit plus the available Special 403(b) Catch-up limit plus the available Age 50 Catch-up limit.

  • General: Limit use of the premises to construction activities in areas indicated.