Plan Limit definition
Examples of Plan Limit in a sentence
If any Common Stock or Convertible Securities (other than shares or options issued or which may be issued pursuant to the Incentive Plan up to the Incentive Plan Limit) are issued or sold or deemed to have been issued or sold for cash, the consideration received therefor will be deemed to be the gross amount received by the Company therefor.
Options may be granted under the Plan with respect to a maximum number of 8% of the Common Units as of the Effective Date (the “Plan Limit”); provided that such Plan Limit shall be subject to adjustment as hereinafter provided in Section 12.
Series B Options will represent the remaining 5% of the Common Units comprising the Plan Limit.
Combined Plan Limit of Code Section 415(e) Employers who adopt this Prototype Plan may not elect to continue to apply the combined Plan limit of Code Section 415(e) in years beginning after the date the Employer adopts its GUST-related Plan.
With acceptance of the TPP Plan, TPP on behalf of the Owner, retains liability for losses resulting from fire/windstorm (excluding flood and storm surge) up to the Protection Plan Limit based on the Terms and Conditions of this Addendum.