Overall Maximum Sample Clauses
The "Overall Maximum" clause sets a cap on the total liability or financial exposure that one party may face under a contract. In practice, this means that regardless of the number or type of claims made, the responsible party's cumulative liability cannot exceed a specified monetary limit. For example, if multiple breaches or damages occur, the total compensation owed will not surpass the agreed maximum. This clause provides certainty and risk management for both parties by preventing unlimited financial exposure and helping to allocate risk in a predictable manner.
Overall Maximum. The total of all payments that may be made to Employee under the Award shall not exceed $2,362,500 (the “Overall Maximum”). If the amount of any payment determined in accordance with section 4(b) as of any Vesting Date or in accordance with section 4(f) as of the date of a Change in Control or the completion of an Enova Public Offering, when added to all amounts previously payable under the Award, exceeds the Overall Maximum, the amount of such payment shall be reduced by such excess.
Overall Maximum. In no event shall the aggregate dollar amount of the purchases of Common Stock made by the Investor at Closings pursuant to Section 2.1 exceed the Maximum Offering Amount, less the aggregate dollar amount of purchases of Common Stock by the Investor pursuant to the Equity Line Financing Agreement dated July 6, 2000, as amended, between Investor and the Company.