Timing and Recognition of Revenues Sample Clauses

Timing and Recognition of Revenues. Gross Section 7(i) Revenues shall be recognized and accounted for in the Fiscal Year received by a Corporation and shall be computed and accounted for on a cash basis of accounting as defined under federal income tax rules, regulations and case law, except as otherwise provided in this Agreement. Where an item of Gross Section 7(i) Revenues received by a Corporation is a right to future income or to a future benefit, such as a right to receive royalties based on future production (if any), the right to exercise an option, or the right to receive future installments, the Corporation shall not be required to include in Gross Section 7(i) Revenues the present value of the right to such future income (actual or contingent) or benefit in the Fiscal Year in which it obtained the right to the income or benefit, but shall include the income or benefit in Gross Section 7(i) Revenues in the Fiscal Year actually received. Where, under a Section 7(i) Resource Contract, payments are given to or benefits are conferred upon a party other than the party acquiring an interest in the Section 7(i) Resource, such payments or benefits shall be included in Gross Section 7(i) Revenues, except to the extent that they are given or conferred in return for goods or services, or for any licenses, taxes or consents (not including consents by a Village Corporation outside the village boundaries as described in section 14(f) of ANCSA) required in, or as a result of, obtaining such revenues.
Sample 1
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Related to Timing and Recognition of Revenues

  • SCOPE OF RECOGNITION 101 The Employer recognizes the Union as sole bargaining agent for nurses in the bargaining unit defined in the Manitoba Labour Board Certificate MLB-5927.

  • SCOPE AND RECOGNITION 2.01 The Employer recognizes the Union as the sole bargaining agent on behalf of the employees for whom the Union has been certified as bargaining agent with respect to wages, hours of work, terms and conditions of employment during the life of this Agreement.

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  • SCOPE & RECOGNITION 1.01 The Association recognizes the Union as the sole collective bargaining agent for all members of each local of the Union and all other employees, employed by members of the Association and despatched pursuant to the terms of this Agreement.

  • PURPOSE AND RECOGNITION 1.01 The general purpose of this Agreement is to establish mutually satisfactory employment relations between the Employer and the Union. It provides means for the settlement of grievances and for the final settlement of disputes. Salaries, hours of work and other conditions of employment are established by mutual agreement. It is recognized that nurses wish to work co-operatively with the Employer to provide the best possible community health services.

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  • RECOGNITION OUTCOMES The receiving institution commits to provide the sending institution and the student with a Transcript of Records within a period stipulated in the inter-institutional agreement and normally not longer than five weeks after publication/proclamation of the student’s results at the receiving institution. The Transcript of Records from the receiving institution will contain at least the minimum information requested in this Learning Agreement template. Table E (or the representation that the institution makes of it) will include all the educational components agreed in table A and, if there were changes to the study programme abroad, in table C. In addition, grade distribution information should be included in the Transcript of Records or attached to it (a web link where this information can be found is enough). The actual start and end dates of the study period will be included according to the following definitions: The start date of the study period is the first day the student has been present at the receiving institution, for example, for the first course, for a welcoming event organised by the host institution or for language and intercultural courses. The end date of the study period is the last day the student has been present at the receiving institution and not his actual date of departure. This is, for example, the end of exams period, courses or mandatory sitting period. Following the receipt of the Transcript of Records from the receiving institution, the sending institution commits to provide to the student a Transcript of Records, without further requirements from the student, and normally within five weeks. The sending institution's Transcript of Records must include at least the information listed in table F (the recognition outcomes) and attach the receiving institution's Transcript of Record. In case of mobility windows, table F may be completed as follows: Component code (if any) Title of recognised component (as indicated in the course catalogue) at the sending institution Number of ECTS credits Sending institution grade, if applicable Mobility window Total: 30 ….. Where applicable, the sending institution will translate the grades received by the student abroad, taking into account the grade distribution information from the receiving institution (see the methodology described in the ECTS Users' Guide). In addition, all the educational components will appear as well in the student's Diploma Supplement. The exact titles from the receiving institution will also be included in the Transcript of Records that is attached to the Diploma Supplement. Steps to fill in the Learning Agreement for Studies P Additional educational components above the number of ECTS credits required in his/her curriculum are listed in the LA and if the sending institution will not recognise them as counting towards their degree, this has to be agreed by all parties concerned and annexed to the LA

  • Recognition of Stewards The Employer recognizes employees who are designated by the Union as stewards to act on behalf of the employees.

  • ARTICLE I - RECOGNITION 11 This agreement is applicable for employees as defined in Certificate Number 4 granted by the Public 12 Employees Relations Commission on February 14, 1975, and issued to the Okaloosa County Education 13 Association:

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