Plan Limit definition

Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

Plan Limit means the maximum number of Shares that are issuable under the Plan in accordance with Section 4.2;

Plan Limit means the limitation contained in the Redevelopment Plan on the number of dollars of taxes which may be divided and allocated to the Agency pursuant to the Redevelopment Plan, as such limitation is prescribed by Section 33333.2 of the Law.

Examples of Plan Limit in a sentence

• Shares that are issued will be deducted from the Plan Limit and such Plan Limit shall not be increased without approval of the board or, if shareholders of the Company have so required, without approval of the shareholders of the Company.

• If not sooner terminated under the preceding sentence, the Plan will fully cease and expire on the date that the Plan Limit has been exhausted and all Shares issued.

• Any Shares that are subject to this Plan that are not used because the terms and conditions of the Share Agreement are not met or any Shares that are used for full or partial payment of the purchase price of Shares or any Shares retained by the Company for any purpose of this Plan automatically will be returned to the Plan Limit and become available for again for use under the Plan.

• All of the Shares subject to the Plan Limit may be issued pursuant to Incentive Stock Options.

• In contrast, and for the avoidance of doubt, the Shares underlying any Local Awards settled in cash shall not be counted against the Plan Limit.

More Definitions of Plan Limit

Plan Limit means the maximum number of Common Shares authorized to be issued or transferred under the Plan as provided in Section 5(a).

Plan Limit means the total number of Shares that may be issued or transferred under this Plan pursuant to Section 4(a) hereof.

Plan Limit means the maximum aggregate number of shares of Stock that may be issued for all purposes under the Plan as set forth is Section 4(a).

Plan Limit means the limit on the number of Shares that may be placed under Award pursuant to the Plan as set out in Rule 3.1;

Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a). “ Restricted Share ” means a Share granted or sold pursuant to Section 9(a).

Plan Limit means the limit defined in paragraph 4.1(a)(i).

Plan Limit means the limitation, if any, contained in the Infrastructure Financing Plan on the number of dollars of taxes which may be divided and allocated to the District pursuant to the Infrastructure Financing Plan and the Law. Under the Infrastructure Financing Plan, the total nominal number of tax increment dollars to be allocated to the Initial Project Areas of the District over the life of the District shall not exceed $1.53 billion of Net Available Increment and $216 million of Conditional City Increment. The combined total of Net Available Increment and Conditional City Increment allocated to the Initial Projects Areas of the District shall not exceed $1.75 billion.