Accumulated earnings definition

Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: • 4% of accumulated wages if entitlement is 10 working days or less annually; • 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; • 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; • 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; • 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
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Accumulated earnings. A Participant's Account Value in excess of Purchase Payments received by us and which have not been returned to the Participant.
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually;
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Examples of Accumulated earnings in a sentence

  • Tier 1 = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + (0.5 x Unrealized profit and net income in subsidiaries) - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

  • Tier 1 = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 20 percent (the top rate generally applicable to dividend income of individuals) may be imposed upon the accumulated earnings or personal holding company income of a corporation.

  • Accumulated earnings were determined as the difference between assets, liabilities and the allotted capital.

  • Accumulated earnings were determined by the difference among assets, liabilities and the allotted capital.

  • Investments reported on the equity basis should include the investor's share of earnings in item 58100 (Equity in unconsolidated affiliates) with the corresponding adjustment to the investment account in item 14200 (Accumulated earnings).

  • Regulatory Tier 1 Capital = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + (0.5 x Unrealized profit and net income in subsidiaries) - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 15 percent (the top rate generally applicable to dividend income of individuals) may be imposed upon the accumulated earnings or personal holding company income of a corporation.

  • Accumulated earnings The amounts booked for revaluation of land and intangible assets and other adjustments of the first adoption of IFRS are included in accumulated earnings and are subject to restrictions on their distribution as they first have to be booked as realized, through the use or sale, as established in IAS 16 and Circular 456 of June 20, 2008 of the SVS.

  • Accumulated earnings and personal holding company taxes Taxes at a rate of 20 percent (the top rate generally applicable to dividend income of individuals) may be imposed on the accumulated earnings or personal holding company income of a corporation.


More Definitions of Accumulated earnings

Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: of accumulated wages if entitlement is working days or less annually; of base earnings or adjusted earnings to date if entitlement is working days annually; of base earnings or adjusted earnings to date if entitlement is working days annually; of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus; of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination. Deferment or Interruption of Vacations Reimbursement will be made for out-of-pocket expenses incurred by an employee who, at the request of the either defers an approved vacation or returns before the vacation has expired. When an employee is called back from vacation or when an employee’s vacation is cancelled at the request of the the employee shall receive premium rates of pay for all normal hours worked on cancelled vacation days for which seven calendar days’ notice has not been given up to a maximum of seven calendar days. Deferred or interrupted vacation days will be rescheduled at a later date. The following days are recognized by the as statutory holidays: New Year’s Day Boxing Day Canada Day Easter Monday Christmas Day Victoria Day Thanksgiving Day Good Friday Labour Day Civic Holiday If a statutory holiday falls on a day when an employee is off on sick leave, pay is not charged against sick leave credits for that day. A statutory holiday falling within an employee’svacation period is not counted as part of the vacation, but is taken as an extra day of holiday. Payment for statutory holidays will be on the basis of straight time for the normal hours of work per day. When Canada Day falls on a Saturday or Sunday, it shall be observed on the following Monday. When Christmas falls on a Friday and Boxing Day on Saturday, a holiday will be granted on the preceding Thursday. The days of ...
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. • If an employee terminates between July 1, and December 31, he/she receives the following:
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Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually; 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
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Accumulated earnings means the accrued income entitlement or income deficiency of the Unit Holder in relation to each Unit as determined in accordance with the provisions of Clause 15 hereof and not withdrawn pursuant to Clause 15(5) hereof but after deducting the fee payable pursuant to Clause 28(4) hereof or rule 9.1 of the schedule to this Trust Deed and any financial institutions duty or other imposts payable in respect of the application for or issue of the Unit.
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Related to Accumulated earnings

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Accumulated contributions means the sum of all

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Core Earnings means the net income (loss), computed in accordance with GAAP, excluding (i) non-cash equity compensation expense, (ii) the Incentive Compensation, (iii) acquisition fees, (iv) financing fees, (v) depreciation and amortization, (vi) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, and (vii) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between the Manager and the Independent Directors and approved by a majority of the Independent Directors.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Accumulated leave means the period of time that is accumulated under the Plan as leave during a work period.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

  • Earnings means, in relation to a Ship, all moneys whatsoever which are now, or later become, payable (actually or contingently) to the Borrower owning that Ship or the Security Trustee and which arise out of the use or operation of that Ship, including (but not limited to):

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Payoff Earnings For any Distribution Date with respect to each Mortgage Loan on which a Payoff was received by the Master Servicer during the Payoff Period, the aggregate of the interest earned by the Master Servicer from investment of each such Payoff from the date of receipt of such Payoff until the Business Day immediately preceding the related Distribution Date (net of investment losses).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.

  • Final Average Earnings means (a) divided by (b) as follows:

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.