Anniversary Year Method Clause Samples
The Anniversary Year Method is a contractual provision that defines how annual periods are measured for the purposes of the agreement, typically starting from the effective date of the contract. Under this method, each "year" is calculated as a 12-month period beginning on the contract's start date and each subsequent anniversary of that date, rather than following the calendar year. This approach ensures that obligations, renewals, or calculations tied to yearly intervals are consistently measured from the contract's inception, providing clarity and preventing confusion over timeframes.
Anniversary Year Method. A method for determining Eligibility Computation Periods after an Employee’s initial Eligibility Computation Period. See Section 1.4(c)(2) for more detailed discussion of the Anniversary Year Method.
Anniversary Year Method. Under the Anniversary Year Method, after the initial Eligibility Computation Period, each subsequent Eligibility Computation Period is the 12-month period commencing with the anniversary of the Employee’s Employment Commencement Date.