Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.
Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.
Examples of Calendar Year in a sentence
The FICA and Medicare years are on a calendar year, not a school year and start when the Exchange Teacher arrives in the U.S. Example: Exchange Teachers arriving in School Year 2022-2023 are exempt from FICA Deductions for the first two calendar years: January-December 2022 is Calendar Year 1.
Starting January 1, 2024, they are in Calendar Year 3 and are no longer exempt from FICA deductions.
The MoU shall be renewed after expiry of One Calendar Year from the date of signing.
More Definitions of Calendar Year
Calendar Year means the respective periods of twelve (12) months commencing on January 1 and ending on December 31.
Calendar Year means the period commencing January 1 of any year and ending the following December 31.
Calendar Year means any consecutive period of twelve months commencing on the first day of January of any year.
Calendar Year means the time period from January 1st to December 31st;
Calendar Year means the 12-month period from the first day of January to and including the last day of December, and each 12-month period thereafter.
Calendar Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires.