Cycle Units Sample Clauses
The "Cycle Units" clause defines the measurement or allocation of work, resources, or deliverables in recurring, standardized increments, often referred to as cycles or units. In practice, this clause might specify that services, payments, or product deliveries are to be provided in monthly, weekly, or other regular intervals, with each interval constituting a single cycle unit. By establishing clear intervals and units for performance or delivery, the clause ensures predictability and consistency in obligations, helping both parties manage expectations and track progress effectively.
Cycle Units. The value of First Cycle Units will be calculated in the manner set forth in Sections 6 and 13 of the 1995 Plan, except that, for 1998, benefits will be calculated excluding AAM results after the separation date. That is, actual Chicago Title (excluding AAM) results will be used in the calculation for the post-separation portion of 1998.
Cycle Units. The values of your Second Cycle Units will be calculated in the manner set forth in Sections 6 and 13 of the 1995 Plan, except that, for 1998, 1999 and 2000, benefits will be calculated excluding AAM results after the separation date. That is, actual Chicago Title (excluding AAM) results will be used in the calculation for the post-separation portion of 1998 and calendar years 1999 and 2000.
Cycle Units. The value of Second Cycle Units will be fixed at year-end 1998, and benefits will be calculated in the manner set forth in Sections 6, 16 and 17 of the 1995 Plan, except that, for 1998, benefits will be calculated on the assumption that AAM had remained a subsidiary of CT&T throughout 1998 and that AAM had achieved 100% of its post-separation planned results for 1998 (as included in Alleghany's Plan for 1998-2002) (i.e., benefits will take into account (x) actual CT&T (or Chicago Title, after it becomes the parent of CT&T) results through December 31, 1998, and (y) to the extent that AAM results are not included in subparagraph (x) above, AAM planned results for such portions of 1998 during which AAM is not a subsidiary of CT&T). No values will be calculated and no benefits will be accrued for periods subsequent to December 31, 1998.