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 DCHL Salary Cap as specified in Clause VIII-1.

Examples of Salary Cap in a sentence

• In the event that the Incremental Cap Effect does not exceed the Exclusion Cap Effect by 125% (a “Shortfall”), then an additional amount shall be imputed into AR sufficient to eliminate the Shortfall in the Salary Cap.

• In all of the events described in this Subsection, the Accountants shall calculate a revised Projected AR, Projected Benefits, and Projected Player Cost Amount within fourteen (14) days of the triggering event, and the Salary Cap shall immediately be adjusted accordingly, utiliz- ing the method set forth in Section 5.

• The Salary Cap for the 2011 League Year shall be $120.375 million.

• Following the method set forth in Section 6 below, any difference between the Salary Cap from the prior League Year and the Salary Cap that would have applied in that League Year had the updated AR and Benefits information been used as Projected AR and Projected Benefits when that Salary Cap was set shall be a “True-Up,” to be credited or deducted, as the case may be, in the calculation of the Salary Cap for the upcoming League Year using the method set forth in Section 6.

• The Salary Cap for a League Year shall be the Player Cost Amount for that League Year less Projected Benefits for that League Year, divided by the number of Clubs in the League in that League Year, adjusted by any applicable True Up, provided further that there shall be no True-Up related to the 2011 League Year, and there shall be no “negative” True Up related to either the 2012 or 2013 League Year.

More Definitions of Salary Cap

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

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 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.

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

Salary Cap means any agreement or rule that directly or indirectly restricts or limits in any way the discretion of a Club to determine the amount of money that it may spend, has spent, or commits to spend on player remuneration (whether in cash or in kind) and/or to acquire the ‘image rights’ of any player and/or on the Club’s player trading operations, including, without limitation any rule or agreement directly or indirectly relating to a ’per-player’ remuneration limit or an aggregate remuneration limit for the entire squad of each Club;

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