We either have ignorant manufacturers (I Hope), or sneaky manufacturers (I Hope NOT). We generally refer to the 120*root(3) (about 207.85) as 208. There have been numerous postings of NEMA standards here, but if we are referring to voltages of utilization, 115/200/230/460/575, they correlate. If we prefer to use the nominal supply, it would be 120/208/240/460/600, they correlate.
Thus we have an ignorant label creator who uses wye connected voltage associated with 208y120 but the equipment utilization 240 usually associated with residential 120-0-120 line-to-line. They should, IMHO, have used either 200/230 or 208/240. Whatever, it would be very unlikely that the 253 max would be exceeded in practice.