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.
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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.
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Salary Cap means the DCHL Salary Cap as specified in Clause VIII-1.
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Examples of Salary Cap in a sentence

  • The Salary Cap can be raised at any time by the Board of Directors of the Company in its sole discretion.

  • Each of the undersigned further confirms that nothing in this contract is designed or intended to defeat or circumvent any provisions of the collective bargaining agreement dated August 4, 2011, including but not limited to the Rookie Compensation Pool and Salary Cap provisions; however, any conduct permitted by that Agreement shall not be considered a violation of this confirmation.

  • The Standard NBA Contract Conversion Option may be exercised at any point during the period beginning on July 1 and ending just prior to the start of the Team’s last Regular Season game in each Salary Cap Year covered by the Two-Way Contract.

  • Every Two-Way Contract shall provide the Team with an option to convert the Two-Way Contract during its term to a Contract that is not a Two-Way Contract (“Standard NBA Contract”) that provides for a Salary for each Salary Cap Year equal to the player’s applicable Minimum Player Salary and a term equal to the remainder of the original term of the Two-Way Contract beginning on the date such option is exercised (“Standard NBA Contract Conversion Option”).

  • For purposes of calculating Team Salary, with respect to any Player Contract that is assigned, the assignee Team shall, upon assignment, have included in its Team Salary the entire Salary for the then-current Salary Cap Year and for all future Salary Cap Years.

  • Notwithstanding the preceding sentence, with respect to any Salary Cap Year during which a player makes at least eight (8) appearances pursuant to this Section 8(a)(i), for each subsequent appearance made by the player for a commercial sponsor of the Team during such Salary Cap Year, the player shall receive compensation from the Team by which he is employed of $4,500.

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

  • If any amounts paid to a player as described in the preceding sentence relate to one or more future Salary Cap Years, such amounts will be included in the corresponding Salary Cap Year(s).

  • Such annual review will include a determination of (i) whether to increase the Salary Cap in accordance with Section 3(a) and (ii) the incentive performance bonus to be awarded in accordance with Section 3(b).

  • On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) entered into on or after the effective date of this Agreement that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale.


More Definitions of Salary Cap

Salary Cap means the amount(s) set out in clause 15;
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Salary Cap means the definition and terms as provided in Article VII, Section 1: Salary Cap.
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Salary Cap means a sponsor required limit to the amount of SPIBS that can be charged to a sponsored project.
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Salary Cap means the amount determined from time to time as the Salary Cap pursuant to and in accordance with the AFL Player Rules-
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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;
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Related to Salary Cap

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Annual Salary means the salary given under this Part.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

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

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.