Limitation Year A "Limitation Year" is the Plan Year or any other 12-consecutive-month period specified by the Employer in the Adoption Agreement. All qualified plans maintained by the Employer must use the same Limitation Year. If the Limitation Year is amended to a different 12-consecutive-month period, the new Limitation Year must begin on a date within the Limitation Year in which the amendment is made.
Calendar Year For the purpose of this Agreement, the calendar year shall mean the twelve (12) month period from January 1st to December 31st, inclusive.
Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.
Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the Employers, or (ii) deferred at the election of the Executive.
Contract Year Each of (i) the period from the Effective Date to the last Day of the Month in which the first anniversary of the Effective Date occurs and (ii) each period of twelve (12) Months thereafter.
Starting Salary New employees in each job classification in this bargaining unit will start at the negotiated entry level unless, because of training and/or experience, the Superintendent authorizes entry above minimum for an employee. Should the Superintendent determine a higher entry-level annual base salary is necessary for any job classification; all employees in that job classification whose annual base salaries are less than the new entry- level salary will be advanced to the new entry-level salary. Prior to any change in the entry level by the Superintendent, SEIU/FPSU will be notified. Notwithstanding the above provisions, a previous employee of the District who leaves the employment of the District in good standing (as determined by the District), who is re-hired within twenty four (24) months of the date he/she left the District and is rehired in the same job classification he/she held at the time he/she left the District, will be rehired at the same annual base salary he/she had when he/she left the District, plus any wage increases that may have been negotiated in the interim. The rehire date, however, shall be the start date for purposes of seniority.
Vacation Year The vacation year shall be April 1 to March 31, inclusive.
Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.
Calendar Quarter January through March, April through June, July through September, or October through December.
Tax Year The Partnership’s tax year will end on , 20 .