Maximum Contributions Clause Samples
The Maximum Contributions clause sets a cap on the total amount of money or resources that a party is required or permitted to contribute under an agreement. In practice, this clause specifies a fixed dollar amount, percentage, or other quantifiable limit, ensuring that contributions do not exceed a predetermined threshold. This mechanism protects parties from unexpected or unlimited financial obligations, providing certainty and helping to manage risk within the contractual relationship.
Maximum Contributions. Pursuant to Section 7.4(a)(v) of the Credit Agreement, as of the Reporting Date, Heska’s fiscal year-to-date aggregate contributions to non-Borrower Subsidiaries was $ , which o satisfies o does not satisfy the requirement that such amounts be no more than $700,000 during any fiscal year.
Maximum Contributions. The annual maximum contribution amounts for Supplemental Retirement Accounts (including SRA and ACTS) are as follows:
Maximum Contributions. You, your employer, your family members, or any other person may make contributions to your Account. However, all contributions to your Account are subject to the annual HSA contribution limits discussed below. Your employer may allow you to make contributions to your Account through payroll deduction and forward those contributions to the Custodian on your behalf. All contributions (other than Rollover Contributions or HSA transfers described in Section VI below) must be made in cash and not in other forms of property such as stocks, bonds, etc. Your employer must report any employer contributions to your Account on your IRS Form W-2. The Custodian will report annual contributions to your Account on IRS Form 5498-SA.
Maximum Contributions. No Limited Partner shall in any event be required to make a Capital Contribution pursuant to this Section 3.1(b) on any date in an amount greater than its Unpaid Capital Commitment as of such date.
Maximum Contributions. In no event shall UTA’s capital contribution exceed $1,600,000. In no event shall the aggregate capital and O & M contributions by the Cities exceed:
6.4.18.4.1 In the case of SLC, $6,180,000; and
6.4.18.4.2 In the case of SSL, $5,000,000.
Maximum Contributions. (a) In addition to any other limitation set forth in the Plan and notwithstanding any other provision of the Plan, in no event will the annual additions allocated to a Participant’s Account under the Plan, together with the aggregate annual additions allocated to the Participant’s accounts under all other defined contribution plans required to be aggregated with the Plan under the provisions of Section 415 of the Code, exceed the maximum amount permitted under Section 415 of the Code, the provisions of which are incorporated herein by reference.
(b) If the limitations imposed by this Section 13.05 apply to a Participant who is entitled to annual additions under one or more tax-qualified plans with which the Plan is aggregated for purposes of Section 415 of the Code, the annual additions under the Plan and such other plan or plans will be reduced in the following order, to the extent necessary to prevent the Participant’s benefits and/or annual additions from exceeding the limitations imposed by this Section:
(1) All other defined contribution plans in which the Participant participated and with which the Plan is aggregated for purposes of Section 415 of the Code, in an order based on the reverse chronology of the annual additions to the plans, beginning with the last annual addition and ending with the first annual addition; and
(2) the Plan.
Maximum Contributions. Unless otherwise specified herein, the maximum Salary Reduction Amount under the Plan for any Participant shall be the sum of the costs of the most expensive Benefit Options available to the Participant under this Plan, as modified from time to time, and subject to the maximum elections permitted for the Flexible Spending Accounts under Sections 6.06(a) and (b) and for a Health Savings Account under Section 6.06(c).
Maximum Contributions. The School District maximum contribution for the 2023-24 school year would be $214,000 and the maximum contribution for the 2024-25 school year would be $238,800. If this maximum contribution by the School District is reached all participating teachers would be pro-rated.
Maximum Contributions. 15 5.1 Limitation on Participant Elected Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 15 5.2 Limitation on Employer Matching Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 5.3
Maximum Contributions. No contributions shall be made by the Company to the Pension Fund after 1991, in accordance with Section 5.01, unless it is an eligible contribution as defined by the Income Tax Act and is permitted by the Income Tax Act.