Floor Amount definition

Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith; and

Floor Amount means four hundred

Floor Amount. An amount equal to the product of (x) 0.50% and (y) the Maximum Pool Principal Balance.

Examples of Floor Amount in a sentence

• The Operator shall make no claim against the Customer for an amount less than the Liability Floor Amount.

• The Customer shall make no claim against the Operator for an amount less than USD one thousand ($1,000) (the Liability Floor Amount).

• The damage to, or destruction of, the Improvements, or any portion thereof, shall not relieve Owner from the duty to pay the Annual PILOT Floor Amount specified in Section 2.3(b) above.

• The Floor Amount is equal to the Floor Amount Percentage multiplied by the difference between a Participant’s Ongoing Prior Plan Amount and Current Plan Amount, measured at date of termination of the Participant’s employment or December 31, 2006, whichever is earlier.

• In any year from the First Year through the Tenth Year in which the aggregate tax collections from the Local Act Sales Tax exceed the sum of the Floor Amount and the Corresponding Local Act Xxxxx Shares, then all Local Act Sales Tax proceeds shall be shared and apportioned among all the Local Boards in accordance with the Local Sales Tax Apportionment Formula for such year.

More Definitions of Floor Amount

Floor Amount means the product of 0.25% and the Aggregate Closing Date Collateral Balance.

Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Employee without causing Employee to become liable for any Excise Taxes in connection therewith; and

Floor Amount means an amount equal to the product of (a) the Notional Quantity per Determination Period multiplied by (b) the Floor Price, or as otherwise provided in the Confirmation.

Floor Amount has the meaning set forth in Section 1.6(c)(ii)(B).

Floor Amount means the Floor Price multiplied by the number of Relevant Shares held at the Holding Time;

Floor Amount means, with respect to any Determination Date, the greater of (A) $100,000 and (B) the lesser of (i) the Note Balance and (ii) 2.0% of the Original Pool Balance.

Floor Amount means four hundred seventeen dollars ($417);