Maximum Reduction definition

Maximum Reduction means the maximum annual elective Salary Reduction that a Participant may exclude from gross income for a Taxable Year under IRC Sections 403(b) and the pertinent sections of the IRC.
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Examples of Maximum Reduction in a sentence

  • Maximum Reduction is the maximum available demand reduction, in MW, of a Demand Response Resource that a Market Participant offers to deliver in the Day-Ahead Energy Market or Real-Time Energy Market, as reflected in the Demand Response Resource’s Demand Reduction Offer.

  • Amount of Benefit: Non-Evidence Maximum: Reduction Clause: Termination Age: $ 25,000 $ 25,000 50% at age 65 Age 70 B&L Security Patrol Ltd.

  • Notwithstanding anything to the contrary in this Agreement, in no event shall (i) the aggregate Set Off Amount of all the Participants pursuant to this Agreement exceed the Maximum Reduction Amount or (ii) the reduction of any Participant's interest in the Fund pursuant to this Agreement exceed the product of (1) the Maximum Reduction Amount and (2) such Participant's Equity Percentage as a percentage of the aggregate Equity Percentage of all the Participants.

  • In such an event, […***…] percent ([…***…]%) of the royalties, milestones or other payments that the Paying Party actually pays to such Third Party for the Exploitation of such Product in a country during a calendar quarter may be credited against royalties otherwise payable by the Paying Party to the non-Paying Party under Section 8.2 (Royalties) for such Product in such country in such calendar quarter, subject to Section 8.2.7 (Maximum Reduction).

  • If ▇▇▇▇▇▇▇▇▇ does not receive, within twenty (20) Business Days after the Representatives' receipt of the Claim Certificate, a written notice from the Representatives stating that they dispute ▇▇▇▇▇▇▇▇▇'▇ assertion that it is entitled to the amount specified in the Claim Certificate, then except as otherwise provided herein, ▇▇▇▇▇▇▇▇▇ shall reduce the Fund, in the manner provided in Section 6(b) hereof, in an amount which shall not exceed the Maximum Reduction Amount.

  • The amount of the Commitment shall be permanently reduced on each of the following dates to the amounts set forth opposite such dates: Commitment Maximum Reduction Date Commitment -------------- ---------- May 30, 1998 $ 20,000,000 May 30, 1999 15,000,000.

  • The amount of the Commitment shall be permanently reduced on each of the following dates to the amounts set forth opposite such dates: Commitment Maximum Reduction Date Commitment -------------- ---------- December 15, 1998 $40,000,000 December 15, 1999 35,000,000.

  • On a country-by-country and Licensed Product-by-Licensed Product basis, if the Exploitation of a Product is not Covered by a Valid Claim of a CytomX Patent, [***], or a Collaboration Patent in such country, the royalty rates set forth in Section 7.5.3 (Royalty Rates) with respect to Net Sales for such Licensed Product in such country for such Calendar Quarter shall be reduced by [***], subject to Section 7.5.4(d) (Maximum Reduction).

  • Net Supply Limit is the estimated portion of the offered Maximum Reduction of a Demand Response Resource that would be provided through Net Supply.

  • In such an event, […***…] percent ([…***…]%) of the royalties, milestones or other payments that the Paying Party actually pays to such Third Party for the Exploitation of such Product in a country during a calendar quarter may be credited payable by the Paying Party to the non-Paying Party under Section 8.2 (Royalties) for such Product in such country in such calendar quarter, subject to Section 8.2.7 (Maximum Reduction).

Related to Maximum Reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Maximum Revolver Amount means $5,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;