VALUE OF BIF UNITS Sample Clauses

VALUE OF BIF UNITS. The value of a BIF Unit is the value of the BIF assets, as determined from time-to-time by the Trustee (but no less frequently than once a week), less any liabilities (other than the interests of participants in the BIF), divided by the number of BIF Units. Each payment into the BIF of employee contributions shall increase, and each payment out of the BIF shall decrease the number of BIF Units by a number equal to the amount of the payment divided by the last Unit value determination immediately preceding the date of the payment.
Sample 1
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VALUE OF BIF UNITS. The value of a BIF Unit is the value of the mE assets, as determined [from time-to-time] each Business Day by the Trustee [(but no less frequently than once a week)], less any liabilities "(otherthan the interests of participants in the BIE), divided by the number of BIF Units. Each payment into the mE of contributions shall increase, and each payment out of the mE shall decrease the number of BIF Units by a number equal to the amount of the payment divided by the last llni1 value determination immediately preceding the date of payment. (Amended [1/1/94] 411195l.,._ .
Sample 1
VALUE OF BIF UNITS. The value of a DIE Unit is the value of the mE assets, as determined [from time-to-time] each Business Day by the Trustee [(but no less frequently than once a week)], less any liabilities (other than the interests of participants in the BlE), divided by the number of DIE Units. Each payment into the mE of contributions shall increase, and each payment out of the mE shall decrease the number of HIE Units by a number equal to the amount of the payment divided by the last !!nit value determination immediately preceding the date of payment. (Amended [1/1/94] 4/1/95). BENEFIT AGREEMENT
Sample 1

Related to VALUE OF BIF UNITS

  • Grant Amount The maximum amount payable by the State under this Agreement shall not exceed $2,000,000

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

  • Return of Grant Funds City may demand the immediate return of any previously disbursed Grant Funds that have been claimed or expended by Grantee in breach of the terms of this Agreement, together with interest thereon from the date of disbursement at the maximum rate permitted under applicable law.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • GOODS FOR RETURN Goods shall only be returned to the Company with its prior written consent and within 14 days after delivery. Should the Company discover that there is not a material defect in the goods, the Company may charge the customer a handling fee. Goods not returned in accordance with the above may be rejected by the Company All costs for the return or delivery of the goods shall be payable by the customer.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Basis for Award The Award is made under the Plan pursuant to Section 6(f) thereof.

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