Annual Denominator Clause Samples
The 'Annual Denominator' clause defines the specific method for calculating or referencing a yearly total or baseline figure within a contract. Typically, this clause outlines how the annual figure is determined, such as the total number of units, hours, or revenue in a given year, and may specify adjustments for partial years or prorated periods. Its core practical function is to ensure consistency and clarity in calculations that depend on annualized data, thereby preventing disputes over how yearly metrics are measured or applied.
Annual Denominator. The amounts to be determined under Section 1.6.1(i) and Section 1.6.1
Annual Denominator. The amounts to be determined under paragraphs (i) or (ii) above for the limitation year and for all prior limitation years in which the Participant had any service with the employer shall be determined separately for each such limitation year on the basis of which amount is the lesser for each such limitation year.