Additional Increment definition

Additional Increment means the increment granted by the competent authority to a Government employee in addition to his normal increment;

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Additional Increment means the excess, if any, of (x) Total Exceptional Performance Unit Value calculated as if all of VDK LLC's direct or indirect equity interests in the Public Company (excluding any interests sold in the initial Public Offering by

Additional Increment means the excess, if any, of (x) Total Exceptional Performance Unit Value calculated as if all of the Company's direct or indirect equity interests in the Public Company (excluding any interests either sold in the initial Public Offering by Aurora/VDK LLC or distributed to the Company in respect of a special distribution by Aurora/VDK LLC of $50,900,000 in the aggregate to the Company and MBW Investors LLC) had been valued at a per share price equal to 125% of the Gross IPO Price and as if such value had been distributed by the Company in accordance with Section 8.3 of the LLC Agreement over (y) Total Exceptional Performance Unit Value calculated for this purpose as the product of (1) as if all of the Company's direct or indirect equity interests in the Public Company (but excluding any such equity interests either sold in the initial Public Offering by Aurora/VDK LLC or distributed to the Company in respect of a special distribution by Aurora/VDK LLC of $50,900,000 in the aggregate to the Company and MBW Investors LLC) had been valued at a per share price equal to the Gross IPO Price and as if such value had been distributed by the Company in accordance with Section 8.3 of the LLC Agreement and (2) 125%.

Examples of Additional Increment in a sentence

• If the Initial Value is first reached for an Exemption Year prior to the Exemption Year estimated in Exhibit C, the Developer shall pay to the School District as Additional Compensation 50% of the School District Foregone Tax Revenue associated with any Additional Increment generated for that Exemption Year, as further described in Section 2(C) hereto.

• The intent of the Additional Compensation is to provide for semi-annual payments to the School District collectively equal to 50% of the amount of School District Foregone Tax Revenue on the Additional Increment had the Additional Increment not been exempted from real property taxes as provided in the TIF Ordinance, with the exception of any School District Foregone Tax Revenue on any New School Levies, as described in Section 2(D) below.

• As further set forth in this Section 5, Customer shall deliver to Transporter an Initial Notice, [***] and/or an Additional Increment Notice (such notices, collectively, the “Facilities Notices” and individually a “Facilities Notice”) for the Increments attributable to each liquefaction train at the RGLNG Facility for which Customer or Customer’s Affiliate issues a full notice to proceed with construction activities to its EPC contractor during the term of this Precedent Agreement.

• Each Additional Increment Notice shall include the information set forth in Section 5.1(a)(ii) and Section 5.1(a)(iii), but only with respect to the additional Increments requested.

• Transporter shall include [***] the Project as modified to reflect the Additional Increment Notice consistent with the procedures set forth in Section 1.3.

• Total Years of Service Additional Increment 0-5 0% 6-10 2% 11-15 3% 16-20 4% 21-25 6% 26+ 7% 29.2. Accreditation Pay – Effective January 1, 2022, all employees shall receive a premium of 1% of their base pay in recognition of the Bainbridge Island Police Department being accredited by WASPC for the duration of this Agreement.

• The Total Additional Increment shall be as follows: 2022: $4,750.00; 2023: $4,750.00; 2024: $4,750.00; 2025: $4,750.00.

• Customer’s right to provide an Additional Increment Notice shall extend until the earlier of Transporter’s construction of [***] of mainline Project capacity or the date on which the certificate(s) of public convenience and necessity issued to Transporter in order to provide such firm transportation capacity to Customer (as amended from time to time) expire(s) or is/are vacated without Transporter having constructed [***] of capacity.

More Definitions of Additional Increment

Additional Increment means the excess, if any, of (x) Total Vested Class E Unit Value calculated as if all of the Company's direct or indirect equity interests in the Public Company (excluding any interests sold in the Public Offering directly or indirectly for the Company's account) had been valued at a per share price equal to 125% of the Gross IPO Price and as if such value had been distributed by the Company in accordance with Section 8.3 of the LLC Agreement over (y)

Additional Increment means the positive difference, if any, between the Actual Assessed Value and the Initial Value, but which Additional Increment shall not include any assessed value related to the Abated Value for the entirety of the period for which the Abated Value receives a Community Reinvestment Area abatement from the City.