Allocation Year Sample Clauses
The Allocation Year clause defines the specific 12-month period during which certain rights, obligations, or financial allocations under the agreement are measured or applied. Typically, this clause clarifies whether the allocation year aligns with the calendar year, a fiscal year, or another defined period, and it may specify how changes to the period are handled. Its core practical function is to ensure consistency and clarity in tracking and applying contractual provisions that depend on annual cycles, thereby preventing disputes over timing and allocation of resources or responsibilities.
Allocation Year. The Allocation Year of the Company shall be the calendar year or as otherwise selected by the Manager.
Allocation Year. The calendar year for which an allocation is made to a Participant’s Account pursuant to Article IV.
Allocation Year. Unless otherwise required pursuant to the Code and Regulations; (i) the period commencing on the Effective Date and ending on the first December 31 thereafter; (ii) any subsequent Fiscal Year; or, (iii) any portion of the period described in clauses (i) or (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss, deduction or other items pursuant to Section 6.1 hereof.