Reliance Period definition

Reliance Period means the reliance period under the applicable rule set forth in Treasury Regulation Section 1.162-27(f)(2).
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Reliance Period has the meaning set forth in Section 5.4(a).
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Examples of Reliance Period in a sentence

  • In the case of Non-Incentive Stock Options granted on or before the Reliance Period Termination Date, the Option Price shall not be less than fifty percent (50%) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option.

  • The intention of the Company and the Committee is to administer the Plan in compliance with the transition rule promulgated under Treasury Regulation Section 1.162-27(f) that would permit payment of compensation to Participants who are or may become subject to Code Section 162(m), without regard to the limitations of Code Section 162(m) during the Reliance Period.

  • In the case of Non-Incentive Stock Options granted after the Reliance Period Termination Date, the Option Price shall not be less than one hundred percent (100%) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option.

  • In addition, the amount of the aggregate value of any Awards payable under the Plan to covered employees (as defined in Section 1 above) in reliance upon the transition rule promulgated under Treasury Regulation Section 1.162-27(f) may not exceed (x) $10,000,000 during each taxable year of the Company and (y) $30,000,000 during the entire Reliance Period.

  • Notwithstanding any provision in the Plan to the contrary, the maximum number of shares of Common Stock with respect to one or more Awards that are intended to qualify as Performance-Based Compensation following the Section 162(m) Reliance Period that may be granted to any one Employee, Consultant or Non-Employee Director during any calendar year shall not exceed the Award Limit.

  • The Exercise Price of a Nonstatutory Option granted on or before the Reliance Period Termination Date shall not be less than 85% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b).

  • In the case of Non-Incentive Stock Options granted after the date of the IPO and after the Reliance Period Termination Date, the Option Price shall not be less than one hundred percent (100%) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option.

  • Reliance Period............................................................

  • Authorises the General Manager to, on the expiry of a period of 28 days from the making of this resolution, inform the Minister that this resolution has not been rescinded.

  • In the case of Non-Incentive Stock Options granted after the Reliance Period Termination Date, the Option Price shall not be less than one hundred percent (100 percent) of the Fair Market Value of the shares of Common Stock on the date of grant of the Option (or, in the case of an amendment, the date of the amendment).

Related to Reliance Period

  • Compliance Period means a period of time that the Development shall conform to all set-aside requirements as described further in the rule chapter and agreed to by the Applicant in the Application.

  • Compliance cycle means the nine-year calendar year cycle during which public water systems must monitor. Each compliance cycle consists of three three-year compliance periods. The first calendar year cycle begins January 1, 1993 and ends December 31, 2001; the second begins January 1, 2002 and ends December 31, 2010; the third begins January 1, 2011 and ends December 31, 2019.

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Issuance Period shall have the meaning specified in paragraph 2B(2).

  • Applicable Period See Section 2(b) hereof.

  • Designated Period means a period following the termination of the Employee’s employment hereunder equal to the longer of (a) twelve (12) months and (b) the Severance Period. If at any time the provisions of this §9 shall be determined to be invalid or unenforceable, by reason of being vague or unreasonable as to area, duration or scope of activity, this §9 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter; and the Employee agrees that this §9 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein.

  • Free Period means any Period other than the Prohibited Period.

  • Maintenance Period shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Rule 144(k) Period means the period of two years (or such shorter period as may hereafter be referred to in Rule 144(k) under the Securities Act (or similar successor rule)) commencing on the Issue Date.

  • Non-Solicitation Period means a period of 12 months after the termination of Executive’s employment with the Company.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • prescribed period means 14 days;

  • Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • disclosure period means the period commencing on 16 July 2012 (being the date 12 months prior to the commencement of the Offer Period) and ending on the disclosure date;

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Restricted Period means the 40-day distribution compliance period as defined in Regulation S.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Rule 903 means Rule 903 promulgated under the Securities Act.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.