Minimum Team Salary definition

Minimum Team Salary means the minimum Team Salary a Team must have for a Salary Cap Year as determined in accordance with Article VII, Section 2(b).
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Minimum Team Salary means the amount of Team Salary, as set forth in Article VII, Section 1(d), that each Team must equal or exceed as of the last day of a Season.
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Minimum Team Salary means the minimum amount in Salary obligations to, or on behalf of, players with respect to an NBA Season that each Team must incur or pay.
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Examples of Minimum Team Salary in a sentence

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

  • The level used to calculate (pursuant to (c) and (d) below) the League-wide Guarantee and the Minimum Team Salary (the “Guarantee Level”) for the Salary Cap Year commencing on January 1, 2014 shall be eight hundred and fifty-seven thousand dollars ($857,000).


More Definitions of Minimum Team Salary

Minimum Team Salary means the minimum amount that each Team must pay in Salaries during a League Year, if applicable, as set forth in Article XXIV (Guaranteed League-wide Salary, Salary Cap & Minimum Team Salary), Section 5.
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Related to Minimum Team Salary

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • 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.

  • Salary as defined in Section 3.1(a).

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Bonus means the bonus described in the Section 2.3.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’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 the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.