PLAN MAXIMUMS Sample Clauses
The "Plan Maximums" clause sets the upper limits on the benefits or coverage that a plan will provide to participants. Typically, this clause specifies annual, lifetime, or per-service caps on the amount the plan will pay for covered expenses, such as a maximum dollar amount for dental or medical services within a year. By clearly defining these limits, the clause helps manage the plan sponsor's financial risk and ensures participants understand the extent of their coverage, preventing unexpected denials of claims once the maximums are reached.
PLAN MAXIMUMS. The maximum dollar amount the Plan will pay in any Benefit Period (or lifetime, if applicable) for Covered Dental Services.
PLAN MAXIMUMS. The maximum dollar amount DDPOK will pay in any Plan Benefit Year (or lifetime, if applicable) for covered dental services, as defined in the appendix(ices) attached and forming a part of this Plan Agreement by reference herein.
PLAN MAXIMUMS. The provision forming part of Section 3.1 of the Omnibus Plan that reads “granted under this Plan shall be 30,000,000.” is deleted and replaced with: granted under this Plan shall be 6,000,000.
PLAN MAXIMUMS. The total number of Shares available for delivery pursuant to Awards granted under this Plan is 225,000 Shares. Delivery of Shares pursuant to an Award shall reduce the number of Shares available for delivery pursuant to Awards under this Plan by one Share for each such Share delivered. The maximum number of Shares that may be granted pursuant to Options intended to be Incentive Stock Options shall be 225,000 Shares. Such maximum numbers of Shares is subject to adjustment as provided in Article XI. From and following the Effective Date, no new awards will be granted under the Prior Plan, it being understood that (a) awards outstanding under the Prior Plan as of the Effective Date shall remain in full force and effect under the Prior Plan according to their respective terms, and (b) to the extent that any such award is forfeited, terminates, expires or lapses without being exercised (to the extent applicable), or is settled for cash, following the Effective Date, the Shares subject to such award not delivered as a result thereof shall again be available for Awards under this Plan; provided, however, that dividend equivalents may continue to be issued under the Company’s Prior Plan in respect of awards granted under the Prior Plan that are outstanding as of the Effective Date. “Prior Plan” means the Company’s 2011 Stock Incentive Plan, as amended April 19, 2016.