Maximum Award Sample Clauses
The Maximum Award clause sets a cap on the total amount of damages or compensation that one party can be required to pay to the other under the contract. In practice, this means that even if a party suffers significant losses or claims, the responsible party's liability is limited to a pre-agreed maximum amount, regardless of the actual damages incurred. This clause provides certainty and risk management for both parties by preventing potentially unlimited financial exposure and ensuring that liability remains within predictable bounds.
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Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.
Maximum Award. Your Maximum Award for the Performance Period under this Award Agreement shall be the number of shares of Stock equal to 200% of your Target Award, subject to the provisions of Section 2.1 and the caps contained therein.
Maximum Award. The maximum number of Restricted Shares that may become earned and vested pursuant to this Award is (Number of shares).
Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or Interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages. · AAA Commercial Mediation or Arbitration Rules. Any Dispute submitted for mediation or arbitration shall be subject to the AAA’s Commercial Mediation or Arbitration Rules. If there is a conflict between the Rules and this Article, the Article shall be controlling. Mythic Collection, LLC Amended and Restated Company Agreement
Maximum Award. Notwithstanding any provision of this Agreement to the contrary, the Final Award will not exceed $500,000.
Maximum Award. Notwithstanding anything herein to the contrary, in no event shall the Final Cash Award exceed the Maximum Award.
Maximum Award. The maximum dollar amount of any Annual Incentive Award and of any Long-Term Incentive Award that may be paid to any single Participant in any calendar year with respect to Awards the compensation of which is determined by a formula that calculates a dollar amount (whether payable in cash or property) is (a) the greater of $1,000,000 or 250% of the Participant’s Base Salary for Annual Incentive Awards and (b) the greater of $2,000,000 or 500% of the Participant’s Base Salary for Long-Term Incentive Awards. The maximum aggregate number of shares of Stock that may be granted to any single Participant in any calendar year with respect to Awards the compensation of which is determined by the number of shares of Stock actually awarded or subject to vesting shall be 300,000 shares, subject to adjustment as provided in Section 11 of the Stock Plan; provided, however, that with respect to Awards that may be subject to Section 162(m) of the Code, such modifications and/or changes do not disqualify compensation attributable to such Awards as “performance-based compensation” under Section 162(m) of the Code.
Maximum Award. To reduce the purchase price, the UDEQ may provide Funding Assistance up to sixty-five percent (65%) of the lowest price quote for each new replacement vehicle purchased by Park City. The total maximum combined Funding Assistance awarded to Park City is $3,693,941.00.
Maximum Award. The potential maximum Tax Increment Rebate award shall be up to 90% of the increment associated with the eligible costs of the project. If the basic eligibility guidelines are achieved the potential TIF rebate award considered could be lowest value in the range (70% award of a potential maximum award of 90% of project associated TIF revenue). If bonus guidelines are accommodated, such as a mix of uses in the development program, the inclusion of an affordable housing component in the development program, or the inclusion of a specific amenity, infrastructure improvements or feature(s) desired by the Community Redevelopment Agency (public artwork, mobility improvements, open space improvements), then the Community Redevelopment Agency Governing Board may consider the approval up to the maximum proposed TIF rebate award (90% TIF rebate award). The TIF rebate award amount will be based on the estimated amount of TIF rebate that could be received, based on the project’s taxable value (project taxable value = land value + estimated eligible improvements’ value, at the time of the award), over a fifteen (15) year TIF rebate period.
Maximum Award. Employee may not receive more than 120,000 shares of Common Stock under this Award Agreement.