Salary Cap definition

Salary Cap means the maximum allowable Team Salary for each Team for a Salary Cap Year, subject to the rules and exceptions set forth in this Agreement.

Salary Cap means the absolute maximum amount of Salary that each Club may pay or be obligated to pay or provide to players or Player Affiliates, or may pay or be obligated to pay to third parties at the request of and for the benefit of Players or Player Affiliates, at any time during a particular League Year, in accordance with the rules set forth in Article 13.

Salary Cap means the amount(s) set out in clause 15;

Examples of Salary Cap in a sentence

• However, such player's Regular Season Salary and bonus provisions for any succeeding contract will count as Player Compensation against the Salary Cap unless such player again is designated a Franchise Player.

• Any individual player, Class Counsel, or any Players Union acting on that player’s or any number of players’ behalf, the AFL, and any Club may bring an action before the System Arbitrator alleging a violation of Article VIII (Salary Cap & Guaranteed League-Wide Player Compensation) of this Agreement.

• For each League Year of the Agreement, only forty percent (40%) of each Franchise Player's Regular Season Salary and bonus provisions (as counted in accordance with Article VIII, Section 5(i) above) will count as Player Compensation against the Salary Cap, and the remaining sixty percent (60%) will not count as Player Compensation against the Salary Cap.

• In the event that any Team is compelled to place more than four (4) players on the Injured Reserve List due to season ending injuries in any single AFL season, the AFL will have the power to grant reasonable Salary Cap relief, but will not be obligated to grant such relief.

• In the event damages are awarded pursuant to Section 9 above, the amount of non-compensatory damages, including any fines, will not be included in any of the computations described in Article VIII (Salary Cap & Guaranteed League-Wide Player Compens ation) above.

More Definitions of Salary Cap

Salary Cap means the highest level of compensation that can be considered for the purpose of calculating benefits under Section 401(a)(17) of the Code.

Salary Cap means the DCHL Salary Cap as specified in Clause VIII-1.

Salary Cap means the definition and terms as provided in Article VII, Section 1: Salary Cap.

Salary Cap means a sponsor required limit to the amount of SPIBS that can be charged to a sponsored project.

Salary Cap means the highest level of compensation that can be considered for the purpose of calculating benefits under Section 401(a)(17) of the Code (or Puerto Rico Code Section 1081.01(a)(12) in the case of Puerto Rico Participants).

Salary Cap means the amount determined from time to time as the Salary Cap pursuant to and in accordance with the AFL Player Rules-

Salary Cap means Mr. Ruse’s 5-year commitment to work for the Deltaville Entities and be compensated not more than $150,000 per year subject to yearly increase for inflation plus amounts necessary to pay taxes associated with his Equity Interests in the Deltaville Entities provided (a) said cap does not include expense reimbursement, (b) he possesses all of the Reorganized Debtor’s Equity Interests; (c) Restructured BR Lease is fully executed and properly recorded; and (d) Restructured DM Lease is fully executed and properly recorded.