Statutory Limit definition

Statutory Limit means any limit on benefits under, or annual additions to, qualified plans imposed by Section 401(a)(17) or 415 of the Internal Revenue Codes of 1954 or 1986, as amended from time to time.
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Statutory Limit means any limit on benefits under tax-qualified defined benefit plans imposed by IRC Section 401(a)(17) or Section 415.
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Statutory Limit means the limits imposed by Code Sections 415 and 401(a)(17).
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Examples of Statutory Limit in a sentence

  • Coverage A State Statutory Limit Coverage B - Employer’s Liability $100,000/$500,000/$100,000 Policy shall include a Waiver of Subrogation in favor of Iowa State University; Board of Regents, State of Iowa; and the State of Iowa.

  • Throughout the term of this Lease Agreement, Lessee will carry the following insurance Worker’s Compensation and Employers Liability --Worker’s Compensation Statutory Limit --Employers Liability Bodily Injury by Accident $100,000 each accident Bodily Injury by Disease $500,000 each employee $500,000 policy limit The Workers Compensation policy shall be modified to include a Waiver of Subrogation Endorsement in favor of the Board.

  • Worker's Compensation -- Statutory Limit with $1,000,000 Employer's Liability applying to each accident, each disease and each employee.

  • The Contractor shall provide, at their expense, the following insurance coverage:  Workmen’s Compensation in compliance with Maryland Statutory Limit.

  • Any Option granted to an Eligible Employee shall be limited and take effect so that immediately following such grant, the aggregate Market Value of all the Shares which he may acquire on the exercise of all options which he then holds and which are or may become capable of being exercised and which were granted under: a Part A of the Plan; and b any Relevant Share Option Scheme approved by the Inland Revenue under the Act shall not exceed the Statutory Limit.

  • Florida Hospital shall require that the construction contractor (the “Contractor”) for the Bridge, at all times during the construction of the Bridge, possesses: 1) worker’s compensation insurance in the amount of the Florida Statutory Limit; 2) automobile liability insurance of at least $1,000,000; and 3) general liability insurance in the amount of at least $1,000,000.

  • Minimum coverage limits for policies of insurance the Contractor is required to maintain during the Project are as follows: Workers’ Compensation Insurance Statutory Limit Employer’s Liability Insurance One Million Dollars ($1,000,000) Commercial General Liability and Property Insurance.

  • Coverage A State Statutory Limit Coverage B – Employer’s Liability $100,000/$500,000/$100,000 Policy shall include a Waiver of Subrogation in favor of Iowa State University; Board of Regents, State of Iowa; and the State of Iowa.

  • Statutory Limit Applicable Federal (e.g., Longshoremen’s) Statutory Limit Employer’s Liability $ 500,000 Umbrella/Excess Insurance Per occurrence $ 2,000,000 Automobile Liability Per occurrence $ 1,000,000 IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(s) must be endorsed.

  • Until closing, FNHI will timely file all reports and other documents relating to the operation of FNHI required to be filed with the Securities and Exchange Commission, which reports and other documents do not and will not contain any misstatement of a material fact, and do not and will not omit any material fact necessary to make the statements therein not misleading.


More Definitions of Statutory Limit

Statutory Limit means the limit on eligible compensation under tax-qualified defined contribution plans imposed by IRC Section 401(a)(17) or the limit on annual additions imposed by IRC Section 415.
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Statutory Limit means the maximum amount of grant funds that may be awarded under the Act for (i) a facilities assessment grant; (ii) a long-range facilities plan; (iii) an assessment of school district facilities for potential environmental hazards or (iv) a seismic assessment or other specialized assessment
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Statutory Limit means the limit on eligible compensation under tax-qualified defined contribution plans imposed by IRC Section 401(a)(17).
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Statutory Limit. (pound)30,000 or any other limit from time to time specified under paragraph 28 of Schedule 9 to the Act;
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Related to Statutory Limit

  • Prescribed Limit means 10% of the issued ordinary share capital of the Company as at the date of passing of this Resolution unless the Company has effected a reduction of the share capital of the Company in accordance with the applicable provisions of the Companies Act, at any time during the Relevant Period, in which event the issued ordinary share capital of the Company shall be taken to be the amount of the issued ordinary share capital of the Company as altered (excluding any treasury shares that may be held by the Company from time to time);

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Statutory Rape means sexual intercourse with a person who is under the statutory age of consent.

  • Loss in Excess of Policy Limits means 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company’s policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company’s alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.

  • emission limit value means a limit on the concentration, mass or emission rate of mercury or mercury compounds, often expressed as “total mercury”, emitted from a point source.