Compensation Limitations. Agency or Broker-Dealer shall pay cash or non-cash compensation for Product sales: (i) only to any person or entity that is appropriately licensed and appointed to sell Products; (ii) which are accepted by Company; and (iii) if such payment is in accordance with applicable laws, regulations, NASD or other self-regulatory organization rules and Company Rules.
Compensation Limitations. The maximum aggregate number of shares of Common Stock that may be issued to any Eligible Person during the term of this Plan pursuant to Qualifying Options and Qualifying SARs may not exceed the Share Limit. The maximum aggregate number of shares of Common Stock that may be issued to any Eligible Person pursuant to Performance-Based Awards granted during the 162(m) Term (other than cash awards granted pursuant to Section 5.1.6 and Qualifying Options or Qualifying SARs) may not exceed the Share Limit. The maximum amount that may be paid to any Eligible Person pursuant to Performance-Based Awards granted pursuant to Sections 5.1.6 (cash awards) during the 162(m) Term may not exceed $1,000,000.
Compensation Limitations. Agency will not pay or share commissions with any person or entity that is not appropriately licensed and/or appointed to sell Products, if such action would violate any applicable law, rule, or regulation.
Compensation Limitations. The Borrower will not pay any wages, salary, bonus, commission or other compensation for services in excess of the reasonable value to the Borrower of such services.
Compensation Limitations a. No combination of pay under the provisions of Sections 1, 2 and/or 3 of this section shall exceed 60 percent of a physician’s base monthly salary, calculated twice each month; once for the period of the first through the 15th of the month, and once for the period of the 16th through the end of the month.
b. In no event shall a physician receive compensation for overtime during a period of standby duty.
c. Employees in this bargaining unit shall not hold more than one county position. This does not apply to physicians encumbering a second County classification via the Physician Registry.
Compensation Limitations. Notwithstanding anything in this Agreement to the contrary, I acknowledge that (a) no payment or benefit hereunder will be provided to me if any such payment or benefit violates or would violate any applicable Compensation Limitations (as defined below); (b) Associated may amend this Agreement, including the Exhibits hereto, without my consent, to the extent it determines necessary to comply with any applicable Compensation Limitations; and (c) I will promptly, upon written demand, return to Associated any such amount that I have received from Associated that was in violation or that would violate the Compensation Limitations. “Compensation Limitations” shall mean any compensation limitations that may become applicable to Associated or me pursuant to laws or other rules, regulations or written guidance issues pursuant to the authority of the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or other applicable federal or state regulatory agency.
Compensation Limitations. In any Plan Year in which the ------------------------ Plan is top heavy, the Advisory Committee shall take into account only the first $200,000 (or such larger amount as the Commissioner of Internal Revenue may prescribe) of a Participant's annual Compensation (as defined in Section 1.10) in determining benefits under this Plan. However, the Advisory Committee shall not reduce a Participant's Accrued Benefit at the time this limitation becomes effective under the Plan. For purposes of determining the minimum normal retirement pension under Section 17.01, the Advisory Committee shall calculate a Participant's Average Annual Compensation by taking into account the first $200,000 (or such larger amount as the Commissioner of Internal Revenue may prescribe) of Compensation as defined in Section 3.06(b), by disregarding Plan Years in which the Participant did not earn a Year of Service, and by taking the highest average over five (5) consecutive Plan Years (or a lesser number of consecutive Plan Years specified in Section 1.07).
Compensation Limitations. Notwithstanding any other provision of this Agreement or of EXHIBIT A, other as provided in Section 2.03(b) and (d) in the event of termination of this Agreement, in no event will the Company pay or cause to be paid to the Agent or its affiliates (including Agency, as defined in Section 3.01(b)(i)) compensation under Section 2.03(a), Section 2.03(b) and Exhibit A, in the aggregate, in excess of 8% of the aggregate principal amount of the Notes sold from time to time hereunder.
Compensation Limitations. In consideration of Rock of Ages' agreements and obligations in this agreement, Keystone agrees that it will not pay, directly or indirectly, G. Thomxx Xxxxxxx xx Georxx X. Xxxxxxx, XXI, any salary, bonus, expense reimbursement, or other compensation payment for services rendered of any kind for any purpose without the prior written consent of Rock of Ages.
Compensation Limitations. Company shall not pay compensation to Anwax Xxxxxxx xx Ralpx Xxxxxxx in excess of the amounts permitted to be paid to them under the Senior Note Indenture as amended by the Supplemental Indentures."
1.15 AMENDMENTS TO SUBSECTION 7.3:
