Maximum Payout definition

Maximum Payout means the amount of money that the Client may get from Rebates depending on the Client’s Current level.

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Maximum Payout means the amount of money that the Client may get from Rebates depending on the

Maximum Payout means, as to each share of Series C Preferred Stock, dividends paid in respect of such share of Series C Preferred Stock having an aggregate value of $100,000.

Examples of Maximum Payout in a sentence

• The determination of the actual number of Shares earned, which shall not exceed the Maximum Payout, shall occur as soon as practicable after completion of the Performance Period, but in any event not later than November 30 of the calendar year in which the Performance Period ends (the date the Committee so determines, the “Determination Date”).

• The determination of the actual number of Shares earned, which shall not exceed the Maximum Payout, shall occur as soon as practicable after completion of the Performance Period, but in any event not later than November 30 of the calendar year in which the Performance Period ends (the date the Committee so determines, the “Final Determination Date”).

• Maximum Performance Level The level of performance that results in Maximum Payout for a metric.

• Maximum Payout Amount The Maximum Payout Amount is the maximum annual cash bonus that can be earned and paid under the STI Plan.

• Where a Change of Control occurs after ▇▇▇▇▇▇▇’s death but prior to the time the Committee makes a Final Award determination pursuant to Section 8.2, either to approve a Final Award to Grantee of the Calculated Maximum Payout Share Units calculated as described above or of a lesser number of share units or of no units, a Change-of-Control-determined Final Award will be calculated as follows.

More Definitions of Maximum Payout

Maximum Payout means the amount of money that the Client may get as Cashback on the Account balance during the Promotion period. Maximum available Payout is 10,000 USD or equivalent.

Maximum Payout means the cash payment in the amount of __% of the Participant’s 2012 base salary. For purposes of this Incentive Award, the term “AFFO” means the Company’s net income or loss as set forth in the Company’s audited financial statements for the year ended December 31, 2012, excluding gains (or losses) from sales of property, plus depreciation and amortization (including amortization of deferred financing costs and amortization of franchise royalty fees) as further adjusted to exclude hotel transaction and pursuit costs and such other items, including nonrecurring expenses, as the Committee determines is appropriate and consistent with the purpose and intent of this Incentive Award. For purposes of this Incentive Award, the term “actual 2012 AFFO per share of Common Stock” means the Company’s AFFO for the year ending December 31, 2012 (rounded to the nearest ▇▇▇▇▇), divided by the weighted average number of diluted shares of Common Stock and common units of limited partnership interest in Summit Hotel OP, LP outstanding on December 31, 2012 as set forth in the Company’s audited financial statements for the year ended December 31, 2012.

Maximum Payout means the maximum Bonus payment a Participant may receive under the Plan for any Fiscal Year, which shall be set forth in the Annual Goals Attachment.

Maximum Payout. The maximum payout by Defendant to the Settlement Class for Ordinary Losses (including lost time) is $500,000.00. In the event that the aggregate claimed amount of payments for Ordinary Losses (including lost time) and Extraordinary Losses exceeds $500,000.00, the value of such payments to Settlement Class Members will be reduced on a pro rata basis, such that the aggregate value of all payments does not exceed $500,000.00.

Maximum Payout means the total amount of the monthly payments that may be made to a Participant under Section 4.2(a) (without regard to limitations imposed that may be imposed under Section 4.3 or Section 4.4), which shall be determined in accordance with Appendix A as a multiple of such Participant’s Base Salary, plus, if such Participant is an executive officer of the Company, his or her Performance Bonus.

Maximum Payout has the meaning set forth in Section 2.2(a)(iii).

Maximum Payout means the amount of money that the Client may get as Rebate on the Account balance during the Promotion period. Maximum available Payout is US$10,000 or equivalent for per client.