Compensation Limitations definition
Examples of Compensation Limitations in a sentence
Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Provider Agency.
Full-time Salary Compensation Limitations vary as follows: Only one Full-time Salary Compensation Limitation shall be applicable to each Contracted State Agency.
City Commission authorization of this Agreement includes delegation of authority to the City Manager to administratively approve said extensions provided that the compensation limits set forth in Article 2.04-1, Compensation Limitations are not exceeded.
Notwithstanding the foregoing, the Board or the Committee (as applicable) shall have the authority to amend the Plan and outstanding Awards to the extent necessary or advisable to account for changes in applicable law, regulations, rules or other written guidance (including Compensation Limitations) without a Grantee’s consent.
Notwithstanding anything in the Plan to the contrary, (a) no payment or benefit hereunder will be provided to a Grantee if any such payment or benefit would violate any applicable Compensation Limitations and (b) the Board or Committee (as applicable in accordance with Section 15) may amend the Plan or an Award Agreement at any time, without the consent of the Grantee, to the extent it determines necessary to comply with any applicable Compensation Limitations.
In addition, the RSA Award (and any other equity award received by the Executive) shall vest (and any options shall immediately become exercisable) upon a Change of Control (as defined in the Plan) provided that such early vesting shall only be permitted while the Employer remains subject to the TARP Compensation Limitations if such vesting is permitted by such TARP Compensation Limitations.
Once the Employer is no longer subject to the TARP Compensation Limitations, the Executive shall be eligible to earn a market competitive annual long-term incentive award.
Once the Employer is no longer subject to the TARP Compensation Limitations, the Executive shall be eligible to earn under the Bonus Plan a market competitive annual bonus award.