LIMITATION ON PARTICIPANT ALLOCATIONS Sample Clauses

The "Limitation on Participant Allocations" clause sets boundaries on the amount or type of benefits, contributions, or allocations that can be assigned to participants in a plan or agreement. Typically, this clause specifies maximum limits based on regulatory requirements or plan rules, such as capping annual contributions to retirement accounts or restricting the allocation of company shares. By establishing these limits, the clause ensures compliance with applicable laws and prevents any participant from receiving an excessive or disproportionate share, thereby promoting fairness and reducing the risk of legal or financial penalties.
LIMITATION ON PARTICIPANT ALLOCATIONS. This Article provides limitations on the amount a Participant may receive as an allocation under the Plan for a Limitation Year. The limitation on allocations (referred to herein as the Annual Additions Limitation) applies in the aggregate to all plans maintained by the Employer. Part 13, #54.c. of the Agreement [Part 13, #72.c. of the 401(k) Agreement] permits the Employer to specify how the Plan will comply with the Annual Additions Limitation where the Employer maintains a plan (or plans) in addition to this Plan.
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LIMITATION ON PARTICIPANT ALLOCATIONS. 7.1 Annual Additions Limitation - No Other Plan Participation 36 (a) Annual Additions Limitation 36 (b) Using estimated Total Compensation 36 (c) Disposition of Excess Amount 36 7.2 Annual Additions Limitation - Participation in Another Plan 37 (a) In general 37 (b) This Plan's Annual Addition Limitation 37 (c) Annual Additions reduction 37 (d) No Annual Additions permitted 37 (e) Using estimated Total Compensation 38 (f) Excess Amounts 38 (g) Disposition of Excess Amounts 38 7.3 Modification of correction procedures 38 7.4 Definitions Relating to the Annual Additions Limitation 38 (a) Annual Additions 38 (b) Defined Contribution Dollar Limitation 39 (c) Employer 39 (d) Excess Amount 39 (e) Limitation Year 39 (f) Maximum Permissible Amount 39 (g) Total Compensation 40 7.5 Participation in a Defined Benefit Plan 40 (a) Repeal of rule 40 (b) Special definitions relating to Section 7.5 40
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LIMITATION ON PARTICIPANT ALLOCATIONS. 7.1 Annual Additions Limitation - No Other Plan Participation 49 (a) Annual Additions Limitation 49 (b) Using estimated Total Compensation 49 (c) Disposition of Excess Amount 49
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Related to LIMITATION ON PARTICIPANT ALLOCATIONS

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Limitation on Participant Rights A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.

  • Limitations on Participant Rights A Participant shall not be entitled to receive any greater payment under Sections 2.12, 2.13 or 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent or except to the extent the right to greater payment results from a Change in Law after the Participant becomes a Participant.

  • Limitation on Participant’s Rights Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation with respect to amounts credited and benefits payable, if any, with respect to the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder.

  • Limitations upon Participant Rights A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.