Accumulated earnings definition

Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: • 4% of accumulated wages if entitlement is 10 working days or less annually; • 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; • 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; • 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; • 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
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Accumulated earnings. For a Participant, his or her Account Value in excess of Purchase Payments received by us that have not been returned.
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually;
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Examples of Accumulated earnings in a sentence

  • Tier 1 = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + (0.5 x Unrealized profit and net income in subsidiaries) - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 20 percent (the top rate generally applicable to dividend income of individuals) may be imposed upon the accumulated earnings or personal holding company income of a corporation.

  • Tier 1 = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

  • Investments reported on the equity basis should include the investor's share of earnings in item 58100 (Equity in unconsolidated affiliates) with the corresponding adjustment to the investment account in item 14200 (Accumulated earnings).

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 15 percent (the top rate generally applicable to dividend income of individuals) may be imposed upon the accumulated earnings or personal holding company income of a corporation.

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 20 percent (the top rate generally applicable to dividend income of individuals) may be imposed on the accumulated earnings or personal holding company income of a corporation.

  • Accumulated earnings The amounts booked for revaluation of land and intangible assets and other adjustments of the first adoption of IFRS are included in accumulated earnings and are subject to restrictions on their distribution as they first have to be booked as realized, through the use or sale, as established in IAS 16 and Circular 456 of June 20, 2008 of the SVS.

  • Accumulated earnings The amounts booked for revaluation of land and intangible assets and other adjustments of the first adoption are included in accumulated earnings and are subject to restrictions on their distribution as they first have to be booked as realized, through the use or sale, as established in IAS 16 and Circular 456 of June 20, 2008 of the SVS.

  • Where this is the case, taxpayers should provide the following statement in Table 3: "Accumulated earnings include negative figures for jurisdiction [--]".

  • Accumulated earnings tax and personal holding company tax The accumulated earnings tax and the personal holding company tax are repealed, for taxable years beginning after December 31, 2002, except that any deficiency dividend or dividend paid on or before the 15th day of the third month after the close of the taxable year which is taken into account in computing the tax for a taxable year beginning before that date may be made.


More Definitions of Accumulated earnings

Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentage determined by vacation entitlement are as follows: of accumulated wages if entitlement is working days or less annually; of base earnings or adjusted earnings entitlement is working days annually; of base earnings or adjusted earnings entitlement is working days annually; to date if to date if of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus; of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee’s last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination. STATUTORY HOLIDAYS AND FLOATING HOLIDAYS The following days are by the Corporation as Statutory Holidays: New Year’s Day Day Good Friday Boxing Day Victoria Day Labour Day Canada Day Thanksgiving Day Civic Holiday Easter Monday If a Statutory Holiday falls on a day when an employee is off on sick leave, pay is not charged against sick leave credits for that day. A Statutory Holiday falling within an employee’s vacation period is not counted as part of the vacation, but is taken as an extra day of holiday. Payment for statutory holidays will be on the basis of hours of work per day. time for the When Canada Day falls on a Saturday or Sunday, it shall be observed on thefollowing Monday. When Christmas falls on a Friday and Boxing Day on Saturday, a half holiday will be granted on the preceding Thursday. The days of observance will not be moved. When Christmas falls on a Saturday and Boxing Day on a Sunday, a half holiday will be granted on the preceding Friday. Christmas will be observed on Saturday. Boxing day will be observed on Monday. If Christmas Day falls on a Sunday, it shall be observed on Monday and Boxing Day on Tuesday. When Christmas Day falls on a Tuesday, Boxing Day shall be observed on Monday. When Christmas falls on a Wednesday and Boxing Day falls on Thursday, the Friday following Boxing Day will be granted as an additional holiday. The days of observance will not be moved. Whe...
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually; 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. • If an employee terminates between July 1, and December 31, he/she receives the following:
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Accumulated earnings means the accrued income entitlement or income deficiency of the Unit Holder in relation to each Unit as determined in accordance with the provisions of Clause 15 hereof and not withdrawn pursuant to Clause 15(5) hereof but after deducting the fee payable pursuant to Clause 28(4) hereof or rule 9.1 of the schedule to this Trust Deed and any financial institutions duty or other imposts payable in respect of the application for or issue of the Unit.
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Related to Accumulated earnings

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Accumulated contributions means the sum of all

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Earnings means all moneys whatsoever which are now, or later become, payable (actually or contingently) to the Borrower or the Security Trustee and which arise out of the use or operation of the Ship, including (but not limited to):

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.