Safe Harbor Rate definition

Safe Harbor Rate shall have the meaning set forth in Section 6.2(e) hereof.
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Safe Harbor Rate means 150% of the highest applicable federal rate, based on quarterly compounding, in effect for purposes of Section 1274(d) of the Code at any time between the date on which the Preferred Units were issued and the date on which the relevant distribution is to be made. Distributions with respect to the Preferred Units are intended to qualify as permitted distributions of cash that are not treated as part of a disguised sale within the meaning of Treasury Regulations Sections 1.707-3 and 1.707- 4.
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Safe Harbor Rate has the meaning set forth in Section 2.C.(ix).
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Examples of Safe Harbor Rate in a sentence

  • Please note that this “Consent to Publish Student Work” form only provides Wayne County Public Schools permission to publish your student’s work and does not apply to the disclosure or release of your student’s personally identifiable information Such information will only be released in accordance with Policy 4700, Student Records.

  • Overhead rate option 2: Request to use MDOT’s Safe Harbor Rate of 110%.

  • If a subconsultant firm does not have an approved FAR rate from VDOT, they can send an email to VDOT’s Assurance and Compliance Office (ACO) at ACO@VDOT.virginia.gov to obtain a Safe Harbor Rate.

  • Safe Harbor Rate Consultant Certification of Eligibility; Contract Costs and Financial Management System (Safe Harbor Rate Application/Form)• If applicable, firms that are eligible may utilize a Safe Harbor Rate in lieu of an Exhibit 10-K.

  • If the audited overhead rate has been accepted by a state Department of Transportation other than MDOT, include the acceptance letter and the corresponding audit report for the company’s indirect cost rate schedule for the most recent fiscal year.• Overhead rate option 2: Request to use MDOT’s Safe Harbor Rate of 110%.

  • For each reasonable category of employees, the City in its sole discretion, but on a uniform and consistent basis for all of the employees in a reasonable category, will apply one of the three affordability safe-harbors (i.e. Form W-2 Safe Harbor, Rate of Pay Safe Harbor, or Federal Poverty Line Safe Harbor) to determine the affordability of the minimum value coverage that it may, if applicable, offer to its full-time employees.

  • If the audited overhead rate has been accepted by a state Department of Transportation other than MDOT, include the acceptance letter and the corresponding audit report for the company’s indirect cost rate schedule for the most recent fiscal year. Overhead rate option 2: Request to use MDOT’s Safe Harbor Rate of 110%.

  • The Safe Harbor Rate method may be used in lieu of preparing an indirect cost rate.

  • This method for calculating total labor cost is hereinafter referred to as the “Safe Harbor Rate Method.” Under the Safe Harbor Rate Method, the LPA is able to invoice costs for the actual direct labor incurred on the project plus fringe benefit and overhead expenses.

  • Under certain conditions NDDOT may offer a Safe Harbor Rate of 110% to consultants that do not have a compliant rate.


More Definitions of Safe Harbor Rate

Safe Harbor Rate shall have the meaning set forth in Section 6.2(f) hereof. "SCUs" shall have the meaning set forth in Exhibit E. "SEC" shall mean the Securities and Exchange Commission. "Second Restated Agreement" shall have the meaning set forth in the preamble to this Agreement. "Securities Act" shall mean the Securities Act of 1933, as amended. "Series J Exchange Notice" shall have the meaning set forth in Exhibit E "Series J Exchange Rights" shall have the meaning set forth in Exhibit E. "Series J Offered Units" shall have the meaning set forth in Exhibit E. "Series L Exchange Notice" shall have the meaning set forth in Exhibit J. "Series L Exchange Rights" shall have the meaning set forth in Exhibit J. "Series L Offered Units" shall have the meaning set forth in Exhibit J. "Series S Exchange Notice" shall have the meaning set forth in Exhibit H. "Series S Exchange Rights" shall have the meaning set forth in Exhibit H. "Series S Offered Units" shall have the meaning set forth in Exhibit H. "S-SCUs" shall have the meaning set forth in Exhibit H. "S-SCU Basic Distribution Amount" shall mean, with respect to an S-SCU, $1.464375 (but shall mean $.7321875 after the 6/15/05 Stock Split); provided, however, that such amount will be adjusted appropriately to account for any further unit splits, combinations or other similar events with respect to the S-SCUs. "Stock Incentive Plan" shall mean the Company's 1993 Stock Incentive Plan as adopted on October 27, 1993 and amended by Amendment No. 1 dated May 1, 1996 and Amendment No. 2 on May 3, 2000 and Amendment No. 3 on May 7, 2000, then amended and restated and
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Related to Safe Harbor Rate

  • Safe Harbor Amount means 2.99 times the Executive’s “base amount,” within the meaning of Section 280G(b)(3) of the Code.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Nonelective Contribution means an amount contributed by a participating

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • 415 Compensation means:

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Performance-Based Compensation means any compensation that is intended to qualify as “performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Highly Compensated Employee means an Employee who:

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.