Salary Cap definition

Salary Cap means the maximum allowable Team Salary for each Team for a Salary Cap Year, subject to the rules and exceptions set forth in this Agreement.

Salary Cap means the absolute maximum amount of Salary that each Club may pay or be obligated to pay or provide to players or Player Affiliates, or may pay or be obligated to pay to third parties at the request of and for the benefit of Players or Player Affiliates, at any time during a particular League Year, in accordance with the rules set forth in Article 13.

Salary Cap means the amount(s) set out in clause 15;

Examples of Salary Cap in a sentence

• For purposes of calculating Team Salary, with respect to any Player Contract that is assigned, the assignee Team shall, upon assignment, have included in its Team Salary the entire Salary for the then-current Salary Cap Year and for all future Salary Cap Years.

• A Team’s Team Salary may not exceed the Salary Cap at any time unless the Team is using one of the Exceptions set forth in Section 4 below.

• The Guarantee Level for each Salary Cap Year thereafter during the term of this Agreement shall be calculated as follows: add twelve thousand dollars ($12,000) to the Guarantee Level for the immediately preceding Salary Cap Year, increase the total by the Growth Factor applicable to the Salary Cap Year for which the Guarantee Level is being calculated (as defined in Section 1(e) below), and subtract twelve thousand dollars ($12,000).

• Amount of Salary Cap, League-wide Guarantee and Minimum Team Salary.

• The Salary Cap for each Salary Cap Year thereafter during the term of this Agreement shall be calculated as follows: add twelve thousand dollars ($12,000) to the Salary Cap for the immediately preceding Salary Cap Year, increase the total by the Growth Factor applicable to the Salary Cap Year for which the Salary Cap is being calculated (as defined in Section 1(e) below), and subtract twelve thousand dollars ($12,000).

More Definitions of Salary Cap

Salary Cap means the highest level of compensation that can be considered for the purpose of calculating benefits under Section 401(a)(17) of the Code.

Salary Cap means the DCHL Salary Cap as specified in Clause VIII-1.

Salary Cap means the definition and terms as provided in Article VII, Section 1: Salary Cap.

Salary Cap means a sponsor required limit to the amount of SPIBS that can be charged to a sponsored project.

Salary Cap means the highest level of compensation that can be considered for the purpose of calculating benefits under Section 401(a)(17) of the Code (or Puerto Rico Code Section 1081.01(a)(12) in the case of Puerto Rico Participants).

Salary Cap means the amount determined from time to time as the Salary Cap pursuant to and in accordance with the AFL Player Rules-

Salary Cap means Mr. Ruse’s 5-year commitment to work for the Deltaville Entities and be compensated not more than $150,000 per year subject to yearly increase for inflation plus amounts necessary to pay taxes associated with his Equity Interests in the Deltaville Entities provided (a) said cap does not include expense reimbursement, (b) he possesses all of the Reorganized Debtor’s Equity Interests; (c) Restructured BR Lease is fully executed and properly recorded; and (d) Restructured DM Lease is fully executed and properly recorded.