Capped Amount definition

Capped Amount means an amount equal to:

Capped Amount has the meaning set forth in Section 6.1.

Capped Amount means the largest amount payable to Employee without causing the application of a Parachute Excise Tax.

Examples of Capped Amount in a sentence

• For purposes of this Paragraph 2.(b), whether any amount would constitute an Excess Parachute Payment and any other calculations of tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts, e.g., Base Amount, Capped Amount, etc., shall be determined by the tax department of the independent public accounting firm then responsible for preparing Southern's consolidated federal income tax return, and such calculations or determinations shall be binding upon the parties hereto.

• If the Capped Amount is greater than the Net Uncapped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Capped Amount; or if the Net Uncapped Amount is greater than the Capped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Uncapped Payments.

• The calculation of the Capped Amount and all other determinations relating to the applicability of Code Section 280G (and the rules and regulations promulgated thereunder) to the payments contemplated by this Agreement shall be made by the tax department of an independent public accounting firm, or, at Company’s discretion, by a compensation consulting firm, and such determinations shall be binding upon Employee and the Company.

• If the Accounting Firm determines that any Excise Tax is payable by the Executive and that the criteria for reducing the Payment to the Capped Amount (as described in Section 6(a)(i) above) is met, then the Company shall reduce the Payment by the amount which, based on the Accounting Firm's determination and calculations, would provide the Executive with the Capped Amount, and pay to the Executive such reduced Payment.

• Notwithstanding the preceding sentence but contingent upon Employee’s timely execution and the effectiveness of the Release attached hereto and made a part hereof as provided in Section 12 hereof, the Employee’s Total Payments shall not be limited to the Capped Amount if it is determined that Employee would receive at least $50,000 in greater after-tax proceeds if no such reduction is made.

More Definitions of Capped Amount

Capped Amount means a number of Shares that may be created pursuant to Cash Orders on any specified day.

Capped Amount means the largest amount payable to the Executive without causing the application of a Parachute Excise Tax. For the avoidance of doubt, this Section 5(k) applies without regard to whether the Executive’s employment has been terminated.

Capped Amount has the meaning set forth in Section 4.06 of this Agreement.

Capped Amount has the meaning given in clause 34.10 “CDM Regulations” the Construction (Design and Management) Regulations 1994 "Certificate of completion of Functional Tests"

Capped Amount means the maximum amount payable by Qantas under a time charge contract, as specified in the Completed Purchase Order;

Capped Amount means, with respect to the Working Capital Loan Facility, (i) a principal amount not to exceed Ten Million Dollars ($10,000,000) at all times during calendar year 2014, and (ii) a principal amount not to exceed Fifteen Million Dollars ($15,000,000) following the completion of calendar year 2014.

Capped Amount means the greatest amount of Payments that can be provided under this Agreement and all other agreements providing for Payments without any portion of the Payments being subject to the Excise Tax.