Permissive definition
Examples of Permissive in a sentence
If the Employer maintains other qualified plans (including a simplified employee pension plan), or maintained another such plan which now is terminated, this Plan is top heavy only if it is part of the Required Aggregation Group, and the top heavy ratio for the Required Aggregation Group and for the Permissive Aggregation Group, if any, each exceeds 60%.
The Fund expressly acknowledges and agrees that the Permissive Termination Fee is not a penalty but represents reasonable compensation and reimbursement to PNC that was negotiated by the parties in consideration of all circumstances relating to the termination of this Agreement before the expiration of the then-current Initial or Renewal Term.
MAY - Permissive METHOD OF MEASUREMENT - The manner in which a Contract Item is measured to conform with the Contract Unit Price.
Primary system will be a Permissive Over- Reaching Transfer Trip (“POTT”) communication scheme with multi- function line protection relay and audio-tone communication system, including telephone circuit.
Primary system will be a Permissive Over-Reaching Transfer Trip (“POTT”) communication scheme with multi-function line protection relay and audio-tone communication system, including telephone circuit.
The SOFTWARE may include certain third party components ("MS-PL Components") licensed under the Microsoft Permissive License ("MS-PL").
If the Employer maintains other qualified plans (including a simplified employee pension plan), or maintained another such plan now terminated, this Plan is top-heavy only if it is part of the Required Aggregation Group, and the top-heavy ratio for the Required Aggregation Group and for the Permissive Aggregation Group, if any, each exceeds 60%.
These Permissive Exclusions are for misdemeanors of the above (see 42 USC 1320a-7(b)(1-15)) offenses plus other infractions that shall be determined on an individual case-by-case basis.
Permissive Aggregation Group means the Required Aggregation Group plus any other qualified plans maintained by the Employer, but only if such group would satisfy in the aggregate the nondiscrimination requirements of Code §401(a)(4) and the coverage requirements of Code §410.
In the case of a Permissive Aggregation Group, only a plan that is part of the Required Aggregation Group will be considered a Top Heavy Plan if the Permissive Aggregation Group is a Top Heavy Group.