Plan Features Clause Samples

Plan Features. Effective July 1, 2014, all plans offered by the City shall have the following features:

Plan Features. You understand and agree to the features, fees, restrictions, terms and conditions of the EBB Plan as stated in this Agreement, the Better Banking Guide for Business and other relevant agreements or schedules executed by you for the EBB Plan. Additional services and amendments to your EBB Plan may be identified in schedules or other documents provided to you by us from time to time, as part of the EBB Plan.

Plan Features. CMS Access - Offers clients a dashboard for accessing real-time operations and performance of the charging fleet. It provides summary metrics, fault detection, alerts and notifications.

Plan Features. The Maxim MIC Plan provides for the payment of incentive awards to participants designated by the Maxim Compensation Committee, which payments may be conditioned upon the attainment of pre-established performance goals or upon such other factors or criteria as the Maxim Compensation Committee shall determine. Such performance goals may be different for each participant. Bonus amounts are determined by multiplying a participant's "Target Incentive Award" by a percentage which varies depending on the extent to which the performance goals or other factors or criteria are satisfied. A participant's Target Incentive Award, in turn, is determined by multiplying such participant's base salary as of the last day of the applicable Incentive Period by a percentage designated by the Maxim Compensation Committee, in its sole discretion, which percentage need not be the same for each participant (and which may exceed 100%). The Maxim Compensation Committee may, in its sole discretion, increase or decrease the amount of any incentive awards payable to a participant and may, in recognition of special circumstances, pay incentive awards even if not earned, provided that the Maxim Compensation Committee cannot increase the amount of any incentive awards payable to certain designated "Covered Employees." Incentive awards payable under the Maxim MIC Plan to certain designated "Covered Employees" are subject to special restrictions described in the following section. Incentive awards are payable in cash, shares of Maxim Common Stock or in such other form as the Maxim Compensation Committee may determine.

Plan Features. The Maxim Stock Incentive Plan authorizes the issuance of up to 9,000,000 shares of Maxim Common Stock pursuant to the grant or exercise of stock options (including ISOs), SARs, restricted stock and performance units, but not more than 3,000,000 shares may be issued as restricted stock. No single participant may be granted awards pursuant to the Maxim Stock Incentive Plan covering in excess of 600,000 shares of Maxim Common Stock in any one calendar year and no participant may be granted performance units in any one calendar year payable in cash in an amount that would exceed $2,000,000. Subject to the foregoing limits, the shares available under the Maxim Stock Incentive Plan can be allocated among the various types of awards and among the participants as the Maxim Compensation Committee deems appropriate. The shares subject to grant under the Maxim Stock Incentive Plan are to be made available from authorized but unissued shares or from treasury shares as determined from time to time by the Maxim Board. Awards may be granted for such terms as the Maxim Compensation Committee may determine, except that the term of an ISO may not exceed ten years from its date of grant. No awards outstanding on the termination date of the Maxim Stock Incentive Plan shall be affected or impaired by such termination. Awards will not be transferable, except by will and the laws of descent and distribution and, in the case of nonqualified stock options and any related SARs, as a gift to an optionee's children. The Maxim Compensation Committee will have broad authority to fix the terms and conditions of individual agreements with participants. As indicated above, several types of stock-related grants can be made under the Maxim Stock Incentive Plan. A summary of these grants is set forth below: STOCK OPTIONS. The Maxim Stock Incentive Plan authorizes the Maxim Compensation Committee to grant options to purchase Maxim Common Stock at an exercise price (the "option price") to be determined by the Committee. The Maxim Stock Incentive Plan permits optionees, with the approval of the Maxim Compensation Committee, to pay the exercise price of options in cash, stock (valued at its fair market value on the date of exercise) or a combination thereof. As noted above, options may be granted either as ISOs or nonqualified options. The principal difference between ISOs and nonqualified options is their tax treatment. See "-- Certain Federal Income Tax Consequences."

Plan Features. The selection of Plan options must be consistent with the requirements for the types of Employer Contributions permitted under the Plan. For example:

Plan Features. Benefit Formula ▪ Spouse ▪ Each Child ▪ $10,000 ▪ $5,000 Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: compulsory ▪ dependent coverage: not applicable Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ 1.5x basic annual salary, rounded to next highest $1,000, if not already a multiple of $1,000 Reduction Formula ▪ employee at age 65: coverage immediately reduces at age 65 & on each anniversary thereafter to the following percentage of original amount: 85% at age 65 70% at age 66 55% at age 67 40% at age 68 25% at age 69 Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: not compulsory ▪ dependent coverage: not compulsory Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ Personal Coverage ▪ Family Coverage ▪ units of $10,000 to maximum of $500,000 ▪ spouse, no children: 50% of employee coverage ▪ spouse and children: 40% of employee coverage for spouse & 10% for each child ▪ children only: 15% of employee coverage for each child

Plan Features. 2.1. Provide repair or replacement in respect of the Mobile Device above caused due to breakdown from manufacturing defects arising during the Contract period. 2.2. In the event of any inherent mechanical and electrical breakdown/defects to the extent provided by the manufacturer’s warranty for Mobile Device manufactured in India or legally imported in India & sold through Official Channels supported by an invoice & Manufacturer’s Warranty, repair services will be offered to You and cost of the parts and labor in respect of the Mobile Device shall be borne by AMS. 2.3. If AMS concludes that your Mobile Device falls within the definition of BER under this Repair Contract ("BER Mobile Device”): 2.3.1. Provided that our authorized technician confirms that your device is an original device. For example, based on assessment of your IMEI (printed in your Mobile Device), liquid crystal display (LCD) and motherboard, AMS will offer you a replacement of the BER Mobile Device with a Like-To-Like Model at our discretion. ▇.▇.▇. ▇▇▇ will be required to surrender the BER Mobile Device to AMS, and it shall be automatically deemed that you transfer all rights of the BER Mobile Device to AMS. 2.3.3. The Mobile Device replacement will be delivered to you after you surrender your BER Mobile Device to AMS. 2.3.4. If you are not agreeable to AMS offer to provide the replacement Mobile Device, your BER Mobile Device will be returned to you in unrepaired condition. 2.3.5. Any such replacement will immediately terminate this Repair Contract with no refund of the Repair Contract Fee and we shall have no further obligations for the remainder of the term of the Contract Period.