Settlement Threshold Amount definition

Settlement Threshold Amount means the greater of (i) One Hundred --------------------------- Thousand Dollars ($100,000) ( as adjusted by the GDP Deflator); or (ii) a dollar amount (to be re-determined whenever reasonably necessary) equal to the highest amount paid in a representative sampling of Employee Claims, which have been settled within the preceding twelve (12) months where each of such settlements can be reasonably characterized as being (i) within the normal course of business at the Inn, and (ii) within the range of similar settlements at other hotels comparable to the Inn. Any dispute between the parties as to the appropriate amount under clause (ii) of the preceding sentence shall be submitted to arbitration under Section 20.13.
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Settlement Threshold Amount means the greater of (i) One Hundred Thousand Dollars ($100,000.00) (as adjusted by the CPI); or (ii) a dollar amount (to be re-determined whenever reasonably necessary) equal to the highest amount paid in a representative sampling of Employee Claims which have been settled within the preceding twelve (12) months, where each of such settlements can be reasonably characterized as being (i) within the normal course of business at the Retirement Community, and (ii) within the range of similar settlements at other retirement communities comparable to the Retirement Community. Any dispute between the parties as to the appropriate amount under clause (ii) of the preceding sentence shall be submitted to arbitration under Section 19.11.
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Settlement Threshold Amount means the greater of (i) One Hundred --------------------------- Thousand Dollars ($100,000.00) (as adjusted by the CPI); or (ii) a dollar amount (to be re-determined whenever reasonably necessary) equal to the highest amount paid in a representative sampling of Employee Claims which have been settled within the preceding twelve (12) months, where each of such settlements can be reasonably characterized as being (i) within the normal course of business at the Retirement Community, and (ii) within the range of similar settlements at other -------------------------------------------------------------------------------- OPERATING AGREEMENT PAGE 14 retirement communities comparable to the Retirement Community. Any dispute between the parties as to the appropriate amount under clause (ii) of the preceding sentence shall be submitted to arbitration under Section 19.11.
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Examples of Settlement Threshold Amount in a sentence

  • Any proposed settlement of any Employee Claim where the amount proposed to be offered to the employee by Management Company is in excess of the Settlement Threshold Amount shall be jointly approved by Management Company and Owner.

  • In addition, Management Company shall give Owner a written notice (pursuant to Section 20.09) of any settlement of any Employee Claim where the settlement amount is below the Settlement Threshold Amount, but is in excess of Fifty Thousand Dollars ($50,000) (said dollar amount to be adjusted by the GDP Deflator).

  • Any proposed settlement of any Employee Claim where the amount proposed to be offered to the employee by Operator is in excess of the Settlement Threshold Amount shall be jointly approved by Operator and Owner.

  • In addition, Operator shall give Owner a written notice (pursuant to Section 19.08) of any settlement of any Employee Claim where the settlement amount is below the Settlement Threshold Amount, but is in excess of Fifty Thousand Dollars ($50,000.00) (said dollar amount to be adjusted by the CPI).