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The bonus cap rule, which also states that a bonus can be twice the base salary with the approval of a majority of the shareholders, is expected to take effect on 2014 payouts.
Then there's the NFL's salary cap rule, which last year was $52 million per team, or an estimated 48% of the league's total revenues.
One year after the Federal Reserve's debit interchange fee cap rule was implemented and Bank of America announced (and then retracted) its ill-fated $5 fee for debit card use, the American public continues to vote with their wallets.
In the meantime, even before any reforms are voted on, it would be nice if the government would simply enforce the laws already in place, such as the 10percentt cap rule.
"The portion cap rule, if upheld, would create an administrative Leviathan and violate the separation of powers doctrine," by straying into territory that should belong to the elected City Council, not the board appointed by Mayor Michael Bloomberg, Tingling wrote.
In a 4-2 decision, the Court of Appeals held that New York City's Board of Health had exceeded its "health" powers when it enacted the Portion Cap Rule, thereby improperly usurping the legislature's lawmaking role, and violating New York's constitutional system of separation of powers.
Similar(52)
The agreement violates salary cap rules, the league said.
Even then, they were constrained by the N.B.A.'s arcane cap rules.
Landry, a rookie, was included to make the deal work under cap rules.
Their free-agent moves from here will be limited by cap rules.
Even in these recessionary times, the $100 price cap ruled out many of the Napa glamour names.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com