Floor Amount definition
Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith; and
Floor Amount means four hundred
Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Employee without causing Employee to become liable for any Excise Taxes in connection therewith; and
Examples of Floor Amount in a sentence
While variable annuity payments may increase or decrease, this feature guarantees that they will never fall below the Floor Amount.
If you take a withdrawal from the contract, the Floor Amount will be reduced in the same manner that the withdrawal reduces the Annuity Units.
Upon the death of the first Annuitant, the Floor Amount is adjusted by multiplying it by the Survivor Benefit Percentage.
For purposes of the preceding sentence, "Floor Amount" means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith.
The Operator shall make no claim against the Customer for an amount less than the Liability Floor Amount.
More Definitions of Floor Amount
Floor Amount. An amount equal to the product of (x) 0.50% and (y) the Maximum Pool Principal Balance.
Floor Amount means the product of 0.25% and the Aggregate Closing Date Collateral Balance.
Floor Amount means an amount equal to the product of (a) the Notional Quantity per Determination Period multiplied by (b) the Floor Price, or as otherwise provided in the Confirmation.
Floor Amount has the meaning set forth in Section 1.6(c)(ii)(B).
Floor Amount shall have the meaning set forth in Section 11.1(e).
Floor Amount means the Floor Price multiplied by the number of Relevant Shares held at the Holding Time;
Floor Amount means, with respect to any Determination Date, the greater of (A) $100,000 and (B) the lesser of (i) the Note Balance and (ii) 2.0% of the Original Pool Balance.