Increase Cap definition

Increase Cap has the meaning given such term in Section 1.1(f).
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Increase Cap means three percent (3%).
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Increase Cap has the meaning specified in Section 5.3(c) (Maximum Annual Adjustment for Change in Governmental Requirements).
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Examples of Increase Cap in a sentence

  • If the Closing has not occurred by September 1, 2003, the Increase Cap shall increase by $25,000 for each month from September 1, 2003 through the Closing Date.

  • The Access Fee for subsequent years will equal 100% of the previous year’s Access Fee plus an increase not to exceed the Fee Increase Cap herein, plus any adjustments for new, cancelled or deleted titles.

  • The parties acknowledge and agree that (i) the aggregate reimbursement due for compensation (excluding insurance and retirement benefits) under this Section for the first year of this Agreement is $62,500, and (ii) the maximum increase for each subsequent year shall not exceed the Annual Increase Cap.

  • The per meeting compensation is (i) payable for actual attendance at Advisory Board meetings held concurrently with the Board only and (ii) also applicable for attendance at duly called committee meetings pursuant to Section 2.2. The Advisor may increase the per meeting compensation annually by giving sixty (60) days written notice to Insurer, but in no event shall any such increase exceed the Annual Increase Cap.

  • The parties acknowledge and agree that (i) the aggregate reimbursement due for compensation (excluding insurance and retirement benefits) under this Section for the first year of this Agreement is $185,000, and (ii) the maximum increase for each subsequent year shall not exceed the Annual Increase Cap.

  • Any rate changes initiated by County, whether increasing or decreasing, shall not be counted towards the Increase Cap.

  • No employee may be below the minimum Step 0 on the Hiring Grid for their classification regardless of years of experience or any Wage Increase Cap placed on a wage increase.

  • In subsequent years as the Base Contract Price is adjusted and the limitation is in effect, the amount of the limitation would also adjust as a result of applying the Increase Cap to a Base Contract Price that has been adjusted in accordance with this Agreement.

  • It is further understood and agreed that (i) after giving effect to this Third Amendment and the 2015 Revolver Commitment Increase, the Increase Cap shall be $25.0 million and (ii) the 2015 Revolver Commitment Increase shall constitute a “Revolver Commitment Increase” for all purposes under the Credit Agreement and the other Loan Documents (including clause (a) of the proviso at the end of Section 2.22(a)).

  • Effective ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ 5 Level 6 & beyond Retentio n Increase Cap 6/1/15 34,000 35,020 36,071 37,153 38,267 3% from prior level 48,000 3/1/16 34,340 35,370 36,432 37,525 38,650 3% from prior level 51,000 If relevant outside experience, new hire moves up one level (3%) for each year of experience.