The definition in Article 3(2)(f) of Regulation (EC) 396/2005:
'limit of determination' (LOD) means the validated lowest residue concentration which can be quantified and reported by routine monitoring with validated control methods.
Confusingly, most of the labs I've dealt with for pesticides (and indeed various other items of analytical chemistry) would call this the LOQ (limit of quantification), whereas for those labs the LOD refers to the limit of detection rather than determination - basically the final quote in the post from Charles above.
In the case of your results, it is therefore the LOQ figure that is equivalent to the limit of analytical determination mentioned in Regulation (EC) 396/2005.
If the laboratory have specifically stated <0.01, rather than "not detected", my default interpretation would be that they did get a positive detection of the relevant residue, but that the level was too low to quantify based on their LOQ of 0.01mg/kg. This would therefore be compliant with the MRL limit in regulation, assuming that (a) I've interpreted the presentation of the result correctly, and (b) there are no processing factors that would also need to be taken into account (i.e. you're testing fresh whole fruit/veg, rather than a processed or semi-processed product).
If you're not confident in the interpretation of the result then it's generally always a good idea to ask the lab to clarify. Many of the labs that offer this type of testing will also include a statement that, based on the results, a product is/isn't in conformity with Regulation (EC) 396/2005 - obviously the statement usually comes with an assortment of disclaimers, but can nonetheless potentially be a useful feature sometimes.