Salary Cap Year definition

Salary Cap Year means the period from July 1 through the following June 30.
Salary Cap Year means the period between 1 July of one year and 30 June of the following year;
Salary Cap Year means the period from 1 July to 30 June;

Examples of Salary Cap Year in a sentence

  • The Standard NBA Contract Conversion Option may be exercised at any point during the period beginning on July 1 and ending just prior to the start of the Team’s last Regular Season game in each Salary Cap Year covered by the Two-Way Contract.

  • They included; Return Home, Good Neighbourliness and Building Together.

  • For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year.

  • The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract.

  • Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract.

  • For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto.

  • 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.

  • In the event that any Club does not, whether temporarily or permanently, have a Chief Executive Officer, the responsibility to fulfil the obligations set out below will fall to the chairman of the Club's board of directors or such other designated representative of the Club as notified in writing and agreed between the Club and the Salary Cap Manager prior to 1 July of the Salary Cap Year in question.

  • Retention of records Clubs shall keep all records and documents relevant to the Certifications, Declarations and Player Contracts, including all documents and records that the Club was required to provide under the Regulations then in force and the categories of documents listed in the Relevant Records, for a period of five years from the end of the Salary Cap Year to which those records or documents relate.

  • If the Salary Cap Manager grants dispensation for the replacement of an Injured Player by an Academy Player, only the amount of the Salary of the Academy Player which was payable in respect of the period within the Salary Cap Year in which he remained an Academy Player shall count for the purposes of the Academy Ceiling.


More Definitions of Salary Cap Year

Salary Cap Year means the period from January 1 through the following December 31. The first Salary Cap Year under this Agreement shall be the 2014 Salary Cap Year and shall commence (retroactively) on January 1, 2014 and end on December 31, 2014. The 2015 Salary Cap Year shall commence on January 1, 2015 and end on December 31, 2015; the 2016 Salary Cap Year shall commence on January 1, 2016 and end on December 31, 2016; the 2017 Salary Cap Year shall commence on January 1, 2017 and end on December 31, 2017; the 2018 Salary Cap Year shall commence on January 1, 2018 and end on December 31, 2018; the 2019 Salary Cap Year shall commence on January 1, 2019 and end on December 31, 2019; the 2020 Salary Cap Year shall commence on January 1, 2020 and end on December 31, 2020; and the 2021 Salary Cap Year shall commence on January 1, 2021 and end on October 31, 2021 or, if later, on the day following the final playoff game of the 2021 Season. In the event that the Collective Bargaining Agreement is terminated pursuant to Article XXXVIII, Section 1, the 2019 Salary Cap Year shall end on October 31, 2019 or, if later, on the day following the final playoff game of the 2019 Season.
Salary Cap Year means the period from December 1 through the following November 30. The first Salary Cap Year under this Agreement shall be the 2008 Salary Cap Year and shall commence (retroactively) on December 1, 2007 and end on November 30, 2008. The 2009 Salary Cap Year shall commence on December 1, 2008 and end on November 30, 2009; the 2010 Salary Cap Year shall commence on December 1, 2009 and end on November 30, 2010; the 2011 Salary Cap Year shall commence on December 1, 2010 and end on November 30, 2011; the 2012 Salary Cap Year shall commence on December 1, 2011 and end on November 30, 2012; and the 2013 Salary Cap Year shall commence on December 1, 2012 and end on September 30, 2013.
Salary Cap Year means each 12 month period from 1 December in one calendar year to 30 November in the following calendar year (inclusive).
Salary Cap Year means the period from January 1 through the following December 31. The first Salary Cap Year under this Agreement shall be the 2020 Salary Cap Year and shall commence (retroactively) on January 1, 2020 and end on December 31, 2020. The 2021 Salary Cap Year shall commence on January 1, 2021 and end on December 31, 2021; the 2022 Salary Cap Year shall commence on January 1, 2022 and end on December 31, 2022; the 2023 Salary Cap Year shall commence on January 1, 2023 and end on December 31, 2023; the 2024 Salary Cap Year shall commence on January 1, 2024 and end on December 31, 2024; the 2025 Salary Cap Year shall commence on January 1, 2025 and end on December 31, 2025; the 2020 Salary Cap Year shall commence on January 1, 2026 and end on December 31, 2026; and the 2027 Salary Cap Year shall commence on January 1, 2027 and end on October 31, 2027 or, if later, on the day following the final playoff game of the 2027 Season. In the event that the Collective Bargaining Agreement is terminated pursuant to Article XXXVIII, Section 1, the 2025 Salary Cap Year shall end on October 31, 2025 or, if later, on the day following the final playoff game of the 2025 Season.

Related to Salary Cap Year

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Compensation means an amount equal to the greater of:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Final Average Compensation means the average annual

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Annual Cash Compensation means the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Limitation Year means the Plan Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or she becomes disabled within the meaning of s. 40.65 (4), by the employer in whose employ the injury occurred or the disease was contracted. Overtime pay may not be considered part of an employee’s monthly salary unless the employee received it on a regular and dependable basis.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Final compensation of a member means:

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Nonhighly Compensated Employee means an Eligible Employee who is not a Highly Compensated Employee and who is not a family member treated as a Highly Compensated Employee.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Average final compensation means the average annual creditable compensation of a member during

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.