Award Limitations Sample Clauses
Award Limitations. The following limits shall apply to the grant of any Award if, at the time of grant, the Company is a “publicly held corporation” within the meaning of Section 162(m) of the Code:
Award Limitations. Notwithstanding any other provision of the Plan to the contrary, in no event shall any Participant in any fiscal year of the Company be granted:
(i) an Award of Options, in the aggregate, for more than 50,000 shares of Common Stock,
(ii) an Award of Restricted Shares and Restricted Share Units covering more than 50,000 shares of Common Stock;
(iii) an Incentive Award of more than $3,000,000.
Award Limitations. Payment of any Award earned pursuant to paragraph 1.4 above is at the discretion of the Committee and is also subject to reduction (but not increase) at the discretion of the Committee. In addition, management is granted the discretion to recommend a smaller Award payment than actually earned in the event that a reduction is necessary for the Company’s results to achieve the Company Target Profitability Model presented to investors for 2014.
Award Limitations. The arbitrator may award a party any remedy that would have been available had the parties litigated the Claims in court, including money damages and injunctive relief. The arbitrator, however, cannot issue any award that includes any punitive, special, consequential, incidental, indirect, or exemplary damages. Any arbitrator determination, finding, or award will be final and binding on the parties, and either party may confirm any of them in a court with jurisdiction in the county where your property is located. A party cannot arbitrate any Claims unless the party commences the arbitration within the statutes of limitation governing the Claims.
Award Limitations. No awards will be made unless the corporation meets or exceeds 96.5% of the Earnings Per Share Goal (EPS).
