Capped Amount definition

Capped Amount means an amount equal to:

Capped Amount has the meaning set forth in Section 6.1.

Capped Amount means the largest amount payable to Employee without causing the application of a Parachute Excise Tax.

Examples of Capped Amount in a sentence

• For purposes of this Paragraph 2.(b), whether any amount would constitute an Excess Parachute Payment and any other calculations of tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts, e.g., Base Amount, Capped Amount, etc., shall be determined by the tax department of the independent public accounting firm then responsible for preparing Southern's consolidated federal income tax return, and such calculations or determinations shall be binding upon the parties hereto.

• If the Capped Amount is greater than the Net Uncapped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Capped Amount; or if the Net Uncapped Amount is greater than the Capped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Uncapped Payments.

• The calculation of the Capped Amount and all other determinations relating to the applicability of Code Section 280G (and the rules and regulations promulgated thereunder) to the payments contemplated by this Agreement shall be made by the tax department of an independent public accounting firm, or, at Company’s discretion, by a compensation consulting firm, and such determinations shall be binding upon Employee and the Company.

• The maximum amount paid for the performance of services under this Agreement shall not exceed the Capped Amount, even if the Contractor’s actual costs exceed the Capped Amount.

• The amounts referred to in section 16.4(a) and (b) shall each be adjusted annually on 1 October of each Year by multiplying each Capped Amount for the previous Year by the following adjustment factor: Adjustment Factor = CPIn / CPI(n –1) where: CPIn means the most recently published CPI Index for the June quarter in the preceding Year; and CPI(n –1) means the most recently published CPI Index for the June quarter in the Year that is 2 years prior to the Year in which the adjustment is being made.

More Definitions of Capped Amount

Capped Amount means the largest amount payable to the Executive without causing the application of a Parachute Excise Tax. For the avoidance of doubt, this Section 5(k) applies without regard to whether the Executive’s employment has been terminated.

Capped Amount is fifteen million pounds (£15,000,000), provided that on and from the commencement of the second and each subsequent Franchisee Year the Capped Amount shall be adjusted in accordance with the following formula: Capped Amount x RPI where RPI has the meaning given to it in Schedule 8.2 (Annual Franchise Payments) of the Franchise Agreement;

Capped Amount means the greatest amount of Payments that can be provided under this Agreement and all other agreements providing for Payments without any portion of the Payments being subject to the Excise Tax.

Capped Amount has the meaning given in clause 34.10 “CDM Regulations” the Construction (Design and Management) Regulations 1994 "Certificate of completion of Functional Tests" has the meaning given in clause 18.2.6.1

Capped Amount means the maximum amount payable by Qantas under a time charge contract, as specified in the Completed Purchase Order;

Capped Amount means a number of Shares that may be created pursuant to Cash Orders on any specified day.

Capped Amount has the meaning set forth in Section 4.06 of this Agreement.