Maximum Annual Salary definition

Maximum Annual Salary means the maximum amount of Salaries and Unlikely Bonuses a player is eligible to receive in the first Salary Cap Year covered by a Contract or Extension as calculated in accordance with Article II, Section 7.
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Maximum Annual Salary means, for a calendar year, the amount of salary which produces an annual pension amount under Section 5.01 which is equal to the maximum annual pension applicable for that calendar year under Section 5.06(a)(i). For this purpose, the YMPE for the calendar year and one (1) year of Pensionable Service will be used for the calculation under Section 5.01.
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Examples of Maximum Annual Salary in a sentence

  • Any such Rookie Scale Extension (including any such Designated Rookie Scale Player Extension) shall be deemed amended on July 1 of the Salary Cap Year covering the first Season of the extended term to provide for specific Salaries for each Season of the extended term, based on the Maximum Annual Salary applicable to such player on such July 1.

  • Any such Designated Veteran Player Extension shall be deemed amended on July 1 of the Salary Cap Year covering the first Season of the extended term to provide for specific Salaries for each Season of the extended term, based on the Maximum Annual Salary applicable to such player on such July 1.

  • Table 4: Minimum and Maximum Annual Salary Levels by Profession and Length of Training in Zimbabwe, 1999 Skilled Health WorkerLength of TrainingEntry RequirementsEntry Salary (US$)Top Salary (US$)Source: Data organized by J.

  • Line Item Maximum Annual Salary When an employee’s previous rate of pay was set in dollars in a specific line item maximum annual salary, the employee may return at the same rate of pay if the rate of pay falls within the grade of the new classification on the appropriate authorized pay plan.

  • Any such Rookie Scale Extension shall be deemed amended on the day following the last day of the Moratorium Period of the Salary Cap Year covering the first Season of the extended term to provide for specific Salaries for each Season of the extended term, based on the Maximum Annual Salary applicable to such player on the day following the last day of the Moratorium Period.

  • ALLOCATION OF CONTRIBUTIONS AND REVALUATION OF TRUST FUND 24 6.1 Allocation of Contributions 24 6.2 Valuation and Allocation of Trust Fund 26 6.3 Allocation Does Not Vest Rights 27 6.4 Suspense Account 27 6.5 Limitation on Annual Additions 28 6.6 Allocation of Excess Additions 30 6.7 Maximum Annual Salary Deferral 31 6.8 Adjustment for Excess Salary Deferral Allocations 33 6.9 Limitation on Employee Voluntary and Employer Matching Contributions 34 6.10 Military Leave Obligations 37 ARTICLE VII.

  • Any such Rookie Scale Extension (including any such Designated Player Rookie Scale Extension) shall be deemed amended on the day following the last day of the Moratorium Period of the Salary Cap Year covering the first Season of the extended term to provide for specific Salaries for each Season of the extended term, based on the Maximum Annual Salary applicable to such player on the day following the last day of the Moratorium Period.

Related to Maximum Annual Salary

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Salary as defined in Section 3.1(a).

  • Target Bonus has the meaning described in Section 4(b).

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.