Reliance Period definition

Reliance Period means the reliance period under the applicable rule set forth in Treasury Regulation Section 1.162-27(f)(2).
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Reliance Period has the meaning set forth in Section 5.4(a).
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Examples of Reliance Period in a sentence

  • In the case of Non-Incentive Stock Options granted on or before the Reliance Period Termination Date, the Option Price shall not be less than fifty percent (50%) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option.

  • With respect to Awards which are granted to Covered Employees and are intended to qualify as Performance-Based Compensation following the Section 162(m) Reliance Period, no adjustment or action described in this Section 11.3 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action would cause such Award to fail to so qualify under Code Section 162(m)(4)(C).

  • With regard to an Award that is intended to qualify as Performance-Based Compensation following the Section 162(m) Reliance Period, to the extent any such provision set forth in the prior sentence would create impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect.

  • In the case of Non-Incentive Stock Options granted after the Reliance Period Termination Date, the Option Price shall not be less than one hundred percent (100%) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option.

  • The intention of the Company and the Committee is to administer the Plan in compliance with the transition rule promulgated under Treasury Regulation Section 1.162-27(f) that would permit payment of compensation to Participants who are or may become subject to Code Section 162(m), without regard to the limitations of Code Section 162(m) during the Reliance Period.

  • Unless otherwise expressly stated in the relevant Agreement, after the expiration of the Reliance Period, each Option granted under the Plan is intended to be Performance-Based Compensation.

  • Following the Reliance Period, if Grants are to be made as “qualified performance-based compensation” under section 162(m) of the Code, the Plan must be approved by the stockholders in accordance with section 162(m).

  • The Committee shall consist of no fewer than two individuals, each of whom is a Nonemployee Director and, after the expiration of the "Reliance Period" as defined in the regulations promulgated under Section 162(m) of the Code, an Outside Director.

  • In addition, the amount of the aggregate value of any Awards payable under the Plan to covered employees (as determined under Code Section 162(m)) in reliance upon the transition rule promulgated under Treasury Regulation Section 1.162-27(f) may not exceed $15,000,000 during the entire Reliance Period.

  • In addition, the amount of the aggregate value of any Awards payable under the Plan to covered employees (as defined in Section 1 above) in reliance upon the transition rule promulgated under Treasury Regulation Section 1.162-27(f) may not exceed (x) $10,000,000 during each taxable year of the Company and (y) $30,000,000 during the entire Reliance Period.

Related to Reliance Period

  • Compliance Period means a period of time that the Development shall conform to all set-aside requirements as described further in the rule chapter and agreed to by the Applicant in the Application.

  • Compliance cycle means the nine-year calendar year cycle during which public water systems shall monitor. Each compliance cycle consists of three three-year compliance periods. The first calendar year cycle began January 1, 1993 and ends December 31, 2001; the second begins January 1, 2002 and ends December 31, 2010; the third begins

  • Distribution Compliance Period with respect to any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Issuance Period is defined in Section 2.2(b).

  • Applicable Period See Section 2(b) hereof.

  • Free period means any Period other than the Prohibited Period.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Rule 144(k) Period means the period of two years (or such shorter period as may hereafter be referred to in Rule 144(k) under the Securities Act (or similar successor rule)) commencing on the Issue Date.

  • Non-Solicitation Period means a period of 12 months after the termination of Executive’s employment with the Company.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • prescribed period means 14 days;

  • Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • disclosure period means the period commencing on 11 July 2016 (being the date 12 months prior to the commencement of the Offer Period) and ending on the Disclosure Date;

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Restricted Period means the 40-day distribution compliance period as defined in Regulation S.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Rule 903 means Rule 903 promulgated under the Securities Act.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.