Threatening and intimidating can be either a class 1 misdemeanor or a class 4 felony. Assault can be from a class 3 to a class 1 misdemeanor. Aggravated assault can be from a class 3 to a class 6 felony. However, if the victim is under 15 years of age, it is a class 2 felony. The penalties for dangerous crimes against minors are greatly enhanced. For example, the penalty for aggravated assault against a minor is 17 years!
Annualization simply refers to the time frame (annual) over which contributions. to benefit plans are divided to calculate an hourly credit toward the amount an. employer is required to pay according to the prevailing wage schedule. Total. annual contributions per employee are divided by the total annual hours.
DEFINITION of 'Annual Cap'. A clause found in the contract of an adjustable-rate mortgage (ARM) that limits the possible increase in the loan's interest rate to a certain amount each year. The cap is usually defined in terms of rate, but the dollar amount of the principal and interest payment can be capped as well. Annual caps are designed to protect borrowers against a sudden and excessive increase in the amount of their monthly payments when rates rise sharply over a short period of time. Next Up.