Plan Limit Sample Clauses

The Plan Limit clause sets a maximum cap on the benefits, coverage, or payments that can be provided under a specific plan, such as an insurance or employee benefit plan. In practice, this means that regardless of the number or size of claims, the plan will not pay out more than the stated limit during a defined period, such as annually or over the plan's lifetime. This clause is essential for controlling financial exposure and ensuring predictability for both the plan provider and participants.
Plan Limit. Notwithstanding the foregoing, to the extent that the Company determines that the distribution of Units in settlement of the RPUs (together with the issuance of Units subject to then outstanding Unit-settled Awards) would result in the issuance of Units in excess of the limit on the number of Units available for issuance under the Plan, the RPUs shall be settled in cash in accordance with the terms hereof.
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Plan Limit. An Award must not be made if, as a result, the total number of Shares subject to Awards, together with Shares subject to options and awards under any other employee share plan operated by the Company, would be more than 50,000,000 Shares at that time. To the extent an Award, or other award or option, remains outstanding or has Vested (or, in the case of an option, has been exercised), the relevant Shares count towards the limit in this rule. However, to the extent an Award, or other award or option, is forfeited or lapses, the relevant Shares are ignored when calculating the limit in this rule.
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Plan Limit. The Agency shall manage its fiscal affairs in a manner which ensures that it will have sufficient Housing Set-Aside Amounts available under the Merged Area Redevelopment Plans in the amounts and at the times required to enable the Agency to pay the principal of and interest and premium (if any) on the outstanding Bonds when due. 637765.DOC 3/11/2010
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Plan Limit. The most the Owner will pay for a single loss is the Tenant Insurance Coverage chosen. The Owner will pay the lesser of the actual amount you reasonably pay to repair damaged item(s) or to replace lost or damaged items with property of similar quality. In no event, will the Owner pay more than stated above. If the limit of this Addendum exceeds the limit listed the Agreement, then the value of property stored by you may be increased to the limit of this Addendum. You agree that any increase in the value allowed by this Addendum will not apply to the types of property described in paragraph 4.
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Plan Limit. Subject to adjustment in accordance with Section 13, the maximum aggregate number of Shares that may be issued for all purposes (including with respect to Incentive Stock Options) under the Plan shall be equal to 5% of the Shares outstanding on the Effective Date (the “Share Reserve”). Shares issued pursuant to Awards under the Plan may be either authorized and unissued Shares or Shares held by the Company in its treasury, or a combination thereof. All of the Shares subject to the Plan Limit may be issued as Incentive Stock Options.
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Plan Limit. A maximum of 5,000,000 Shares (“Plan Limit”) are authorized for issuance under the Plan in accordance with the provisions of the Plan. Shares that are issued will be deducted from the Plan Limit and such Plan Limit shall not be increased without approval of the board or, if shareholders of the Company have so required, without approval of the shareholders of the Company. While any Shares are outstanding, the Company will retain as authorized and unissued Stock at least the number of Shares from time to time required under the provisions of the Plan or otherwise assure itself of its ability to perform its obligations hereunder.
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Plan Limit. The Company must take reasonable steps to ensure that the number of Shares issued pursuant to the vesting and exercise of any Performance Rights offered by the Company under the Plan, when aggregated with: - the number of Shares, which would be issued were each outstanding offer with respect to Performance Rights, or other Shares or options under an employee incentive scheme accepted and all convertible securities under such a plan converted; and - the number of Shares that would be issued if each outstanding offer for Shares (including options or rights to acquire unissued Shares) under any employee incentive scheme of the Company were to be exercised or accepted, does not exceed 15% of the total number of Shares on issue at the time of an offer (but disregarding any offer of Shares or option or right to acquire Shares that can be disregarded in accordance with relevant ASIC Class Orders).
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Related to Plan Limit

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Aggregate Limit The issuance and sale of the Shares issuable pursuant to such Fixed Request Notice or Optional Amount shall not violate Sections 2.2, 2.12 and 5.5 hereof.