Maximum Statutory Penalties Sample Clauses
The Maximum Statutory Penalties clause sets a cap on the amount of penalties that can be imposed under a contract, limiting them to the maximum allowed by applicable law. In practice, this means that if a party breaches the agreement and is subject to statutory fines or penalties, those penalties cannot exceed the legal maximum established by relevant statutes or regulations. This clause ensures that parties are not exposed to excessive or unforeseen financial liability, providing predictability and aligning contractual obligations with legal limits.
Maximum Statutory Penalties. Defendant understands that the charge to which he is pleading guilty carries the following statutory penalties:
Maximum Statutory Penalties. 7. Defendant understands that the charges to which he is pleading guilty carry the following statutory penalties:
a. Count Two carries a maximum sentence of 20 years' imprisonment. Count Two also carries a maximum fine of $250,000. Defendant further understands that with respect to Count Two the judge also may impose a term of supervised release of not more than three years.
b. Count ▇▇▇ carries a maximum sentence of 15 years' imprisonment. Count Six also carries a maximum fine of $250,000. Defendant further understands that with respect to ▇▇▇▇▇ ▇▇▇, the judge also may impose a term of supervised release of not more than three years.
c. In accord with Title 18, United States Code, Section 3013, defendant will be assessed $100 on each count to which he has pled guilty, in addition to any other penalty imposed.