LIMIT ON definition

LIMIT ON. MATCHING EMPLOYER CONTRIBUTIONS AND EMPLOYEE CONTRIBUTIONS ("ACP" TEST). The provisions of this Section 6.06 shall not apply to Active Participants who are included in a unit of Employees covered by an agreement which the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and one or more employers. Notwithstanding any other provision of the Plan to the contrary, Matching Employer Contributions and Employee Contributions made with respect to a Plan Year by or on behalf of "eligible participants" who are Highly Compensated Employees for such Plan Year may not result in an average "contribution percentage" for such "eligible participants" that exceeds the greater of: (a) the average "contribution percentage" for the "testing year" of "eligible participants" who are Non-Highly Compensated Employees for the "testing year" multiplied by 1.25; or (b) the average "contribution percentage" for the "testing year" of "eligible participants" who are Non-Highly Compensated Employees for the "testing year" multiplied by two, provided that the average "contribution percentage" for the Plan Year being tested of "eligible participants" who are Highly Compensated Employees does not exceed the average "contribution percentage" for the "testing year" of "eligible participants" who are Non-Highly Compensated Employees for the "testing year" by more than two percentage points. For the first Plan Year in which the Plan provides for "contribution percentage amounts" to be made, the "ACP" for "eligible participants" who are Non-Highly Compensated Employees used in determining the limits applicable under paragraphs (a) and (b) of this Section 6.06 shall be either three percent or the actual "ACP" of such eligible participants for such first Plan Year, as elected by the Employer in Section 1.06(b).
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LIMIT ON. GUARANTY Notwithstanding any other provision of this Guaranty but subject to SECTION 1.3 below, (i) Guarantors, collectively, will in no event be required to pay to Lender under this Guaranty more than the total sum (the total sum being, the "Maximum Aggregate Liability") of up to (a) $250,000 of the Guaranteed Obligations and (b) all costs, expenses, fees and amounts described in SECTION 4.4, and (ii) each Guarantor will in no event be required to pay to Lender under this Guaranty more than his share of the Maximum Aggregate Liability based, as applicable, on the following percentage amounts (as applicable, the "Maximum Individual Liabilities"):
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Examples of LIMIT ON in a sentence

  • NOTHING IN THIS SECTION OR IN THIS AGREEMENT SHALL BE CONSTRUED AS A WAIVER OF THE LIMIT ON CITIZENS' LIABILITY FOR TORT CLAIMS UNDER SECTION 768.28, FLORIDA STATUTES.

  • UPS MAY IMPOSE A LIMIT ON THE AMOUNT OF POINTS YOU CAN ACCUMULATE IN YOUR UPS MY CHOICE® POINTS PROGRAM ACCOUNT, AND ONCE YOU REACH THIS LIMIT, YOU WILL NOT BE ELIGIBLE TO EARN ADDITIONAL POINTS UNLESS YOU FIRST REDEEM EXISTING POINTS FOR A MY CHOICE REWARD.

  • NOTHING IN THIS AGREEMENT SHALL BE CONSTRUED AS A WAIVER OF THE LIMIT ON CITIZENS' LIABILITY FOR TORT CLAIMS UNDER SECTION 768.28, FLORIDA STATUTES.

  • NOTHING IN THIS SECTION OR IN THIS AGREEMENT SHALL BE CONSTRUED AS A WAIVER OF THE LIMIT ON CITIZENS' LIABILITY FOR TORT CLAIMS UNDER APPLICABLE FLORIDA LAW.

  • THERE IS NO LIMIT ON HOW MUCH THE RATE MAY CHANGE FROM ONE BILLING CYCLE TO THE NEXT.

  • NOTHING IN THE AGREEMENT SHALL BE CONSTRUED AS A WAIVER OF THE LIMIT ON CITIZENS' LIABILITY FOR TORT CLAIMS UNDER SECTION 768.28, FLORIDA STATUTES.

  • THE FOREGOING TERMS SET A LIMIT ON THE AMOUNT OF DAMAGES PAYABLE AND ARE NOT INTENDED TO ESTABLISH LIQUIDATED DAMAGES.

  • SPEED LIMIT ON THE MCSWMA PROPERTY is 15 MPH NO SMOKING is permitted on MCSWMA property LEAVE CHILDREN AND PETS AT HOME FOR THEIR SAFETY NO OPEN TOE OR DRESS SHOES, STEEL-TOE BOOTS recommended STAY AWAY from all equipment…Do not walk or drive near equipment.

  • LIMIT ON LIABILITY – You waive any claim you may have against us for consequential or special damages, including loss of profit arising out of a payment order or funds transfer, unless this waiver is prohibited by law.

  • NO LIMIT ON PRODUCTION — There shall be no limitation or restriction on the use of machinery, tools or other labor-saving devices supplied by the Individual Employer provided such equipment is operated in accordance with the jurisdictional awards of the Building and Construction Trades Department of the AFL-CIO, and approved by the Industrial Accident Commission of the State of California, and approved by the Underwriters Laboratory.