Annual Maximum Clause Samples
The Annual Maximum clause sets a cap on the total amount of liability or benefits that can be claimed or paid under a contract within a single year. In practice, this means that regardless of the number or size of individual claims made during the year, the total payout or coverage will not exceed the specified annual limit. This clause helps both parties manage financial risk by providing predictability and preventing excessive losses or payouts within any given year.
Annual Maximum. This Contract has an annual maximum for Adult Dental Care benefits described in the Adult Dental Care section of this Contract. There is no annual maximum for the pediatric dental essential health benefit. When Members receiving adult dental care have met the annual maximum for Covered Services in the Schedule of Benefits section of this Contract, no more benefits will be payable for that Member for the remainder of that Plan Year. If You have other than individual coverage, the individual annual maximum for adult dental care benefits applies to each person covered under this Contract. Once a person within a family meets the individual annual maximum for adult dental care, no more benefits for services will be payable for that person.
Annual Maximum. The total number of Furlough Days shall not exceed 6 in a given fiscal/contract year.
Annual Maximum. Pre-determined compensation will not exceed a total of fifty thousand ($50,000.00) dollars in any calendar year.
Annual Maximum. If the Undelivered Energy in any Year exceeds the product of [redacted] hours and the average Operating Rating of the Blocks for the applicable Year multiplied by five (5) (the "Maximum Annual Undelivered Energy"), [redacted].
Annual Maximum. A Participant's Recognized Compensation for a Plan Year shall not exceed the annual compensation limit under section 401(a)(17) of the Code, which is One Hundred Fifty Thousand Dollars ($150,000) (as adjusted under the Code for cost of living increases)........................................9
Annual Maximum. This Contract has an in-network and out-of-network annual maximum for non-orthodontic benefits described in the Adult Dental Care section of this Contract. There is no annual maximum for the in- network and out-of-network pediatric dental essential health benefit. When Members receiving adult dental care have met the annual maximum for Covered Services in the Schedule of Benefits section of this Contract, no more benefits will be payable for that Member for the remainder of that Plan Year. If You have other than individual coverage, the individual annual maximum for adult dental care benefits applies to each person covered under this Contract. Once a person within a family meets the individual annual maximum for adult dental care, no more benefits for services will be payable for that person.
Annual Maximum. Reimbursement for shoes shall be given to an employee upon submission of an an employee terminates service within six (6)months after a portion or issue of has been received, he shall be assessed the cost of the issue. If service is terminated within the year, he shall be assessed half the cost. Exception: No assessment will be made to retiring employees. Operators reporting for duty shall be required to wear uniform clothing issued by the At any time when a tunic is worn, is compulsory to wear a tie. The top button of the shirt will be fastened and ties will be properly drawn. Commission issued shorts and knee socks, may be worn from May I until October 15th.During this period, if the is it is compulsory to wear trousers. Employees are required to wear the most recent coat,jacket or parka issue when on duty, All employees in possession of a Class or license, upon ratification of this Agreement shall be required to and such license during the of their employment with the Commission. All new shall be required to hold and maintain a valid license. Renewal of licenses be done by trained Driving Instructor upon request, scheduled by the Safety and Training instructor and on the employee's own time. Employees will continue to pay for and process their license and any required documentation with the Ministry of Transportation. Exception: employees may be exempted this requirement they be unable to hold a Class or license for medical reasons. Any Maintenance employee who requests to have their license downgraded to a Classificationwill be required to do in to the Manager of Maintenance. Further, should these employees request or the reinstatement:of a Classification license other than as the of a layoff from Maintenance to the Transportation Department, it would be done at their sole expense. An employee be granted one (1) Leave of Absence ofup to twelve (12) months without benefits for suspension of a classified driver's license. This privilege apply once every four (4) years. Any employee who loses his Class or license or kas his or license for other than medical reasons, be allowed one Leave of Absence of up to twenty four (24) months. Employees will be allowed this leave or any part of it once. An employee involved in an accident engaged in the performance of assigned duties with the Commission, shall be with Bail Bond by the Commission when such is required. Such an employee have the assistance of the Commission in any legal proceedingsjointly against the em...
Annual Maximum. 24 6.5 Summer Maximum............................................................................................24 6.6 Remedy....................................................................................................24 6.7 [redacted]......................................................................Error! Bookmark not defined. 6.8 Peak Hours................................................................................................25 6.9 Availability Bonus........................................................................................25 ARTICLE 7 SCHEDULING AND PSEUDO GAS BALANCING....................................................................26 7.1
Annual Maximum. The annual maximum fee and expenses which may be recovered by MoEMSAC from Ambulance Service together with all other Ambulance Service services in the State of Missouri (the “Annual Maximum Fee”) shall not exceed Two Hundred Thousand Dollars ($200,000) in the aggregate during the first Missouri State fiscal year from July 1 through June 30 (“FY”) of the term of this Agreement and for each subsequent FY, the Annual Maximum Fee shall not exceed the Annual Maximum Fee for the prior FY by more than five percent (5%).
Annual Maximum. A maximum of six thousand one hundred seventy- five dollars ($6,175) may be earned by a principal per year and thereafter beginning in the 2021-2023 school year.