Limits On Clause Samples
The "Limits On" clause establishes boundaries or restrictions on certain rights, obligations, or liabilities within an agreement. Typically, this clause specifies maximum amounts for damages, caps on liability, or sets out the extent to which a party can be held responsible for specific actions or events. For example, it may limit the total financial exposure of a party in the event of a breach or restrict the scope of indemnification. Its core practical function is to allocate and manage risk between the parties by clearly defining the extent of each party's potential exposure, thereby providing predictability and protecting parties from unlimited liability.
Limits On. Compensation For years beginning after December 31, 1988 and before January 1, 1994, the annual Compensation of each Participant taken into account for determining all benefits provided under the Plan for any determination period shall not exceed $200,000. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Section 415(d) of the Code, except that the dollar increase in effect on January 1 of any calendar year is effective for Plan Years beginning in such calendar year and the first adjustment to the $200,000 limitation is effective on January 1, 1990. For Plan Years beginning on or after January 1, 1994, the annual Compensation of each Participant taken into account for determining all benefits provided under the Plan for any Plan Year shall not exceed $150,000, as adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B) of the Internal Revenue Code. The cost-of-living adjustment in effect for a calendar year applies to any determination period beginning in such calendar year. If the period for determining Compensation used in calculating an Employee's allocation for a determination period is a short Plan Year (i.e., shorter than 12 months), the annual Compensation limit is an amount equal to the otherwise applicable annual Compensation limit multiplied by a fraction, the numerator of which is the number of months in the short Plan Year, and the denominator of which is 12.
Limits On. 12-Hour Shifts
13.6.1. Where an Employee is required to work 12 hours for three days in succession, unless otherwise agreed, the Employee will not be required to work more than a total of nine hours over the next two working days.
13.6.2. An Employee may agree to work more than nine hours over the next two working days, however, the Employee must be paid at no less than the Employee’s hourly rate for those additional hours.
13.6.3. Any such agreement must be in writing and signed by ▇▇▇ and the Employee. The Union delegate must be advised of any such arrangements.
Limits On. Compensation For years beginning after December 31, 1988 and before January 1, 1994, the annual Compensation of each Participant taken into account for determining all benefits provided under the Plan for any determination period shall not exceed $200,000. This limitation shall be adjusted by the Secretary at the same time and in the same manner as under Section 415(d) of the Code, except that the dollar increase in effect on January 1 of any calendar year is effective for Plan Years beginning in such calendar year and the first adjustment to the $200,000 limitation is effective on January 1, 1990. QUALIFIED RETIREMENT PLAN & TRUST AGREEMENT 1 For Plan Years beginning on or after January 1, 1994, the annual Compensation of each Participant taken into account for determining all benefits provided under the Plan for any Plan Year shall not exceed $150,000, as adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B) of the Internal Revenue Code. The cost-of-living adjustment in effect for a calendar year applies to any determination period beginning in such calendar year. If the period for determining Compensation used in calculating an Employee's allocation for a determination period is a short Plan Year (i.e., shorter than 12 months), the annual Compensation limit is an amount equal to the otherwise applicable annual Compensation limit multiplied by a fraction, the numerator of which is the number of months in the short Plan Year, and the denominator of which is 12.
Limits On any Regulatory Authority requires this Agreement to be amended, replaced or altered (such amendments, replacement or alterations collectively referred to herein as “changes”), (i) shall limit such changes to the provisions that the Regulatory Authority has ordered be changed; and (ii) shall make only those changes necessary to the requirements of the Regulatory Authority that ordered the changes.
Limits On our liability where other advisers are also responsible. If you instruct other advisers (either directly or through us) on any matter, we will not be responsible to you for the services, advice or information provided by, or the fees and expenses of, those other advisers. If we become liable to you for any Losses in relation to any services we provide and any other persons are also responsible for the Losses you suffer, subject always to paragraph 10.1, you agree that:
(a) we shall only be liable to bear a fair share of your Losses having regard to the extent to which we, you and any other person, who is jointly and / or severally liable to you for any part of the same Losses, is in each case responsible;
(b) the extent to which the Losses are attributable to other persons (whether or not the liability of such person is limited or excluded by law or agreement and whether or not such amounts can be collected) shall not be Losses for which we are liable; and
(c) any liability we have to you for Losses shall be subject to any limitations or exclusions agreed between us and you but shall not be subject to limitations or exclusions agreed between you or any other person.
Limits On. 21 Taxes................................................................23
Limits On. Each Person's Indemnification; Survival