Annual Amount definition

Annual Amount means, as of a Valuation Date, an amount equal to up to one and one quarter percent (1.25%) of the Company’s Initial Market Cap based on the level of achievement of Annual Absolute TRS and Annual Relative TRS as of such Valuation Date for the period commencing on (A) the Effective Date with respect to the First Valuation Date and (B) the prior Valuation Date with respect to the Second Valuation Date and the Final Valuation Date.

Annual Amount shall be calculated so that the present value of the fifteen (15) equal payments of the Annual Amount, when discounted at 7 percent (or such other percent as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion) per annum, is equal to the balance of the Executive's Account as defined in Section 1.1 on the Retirement Payment Commencement Date.

Annual Amount means the lesser of 35% (1.4 x 25%) of the ------------- Participant's Allowable Compensation (as defined in Article 2) for such Limitation Year or $37,500 (125% of $30,000) (or such other amount as may be established for such Limitation Year under Code Section 415(d) for any Limitation Year).

Examples of Annual Amount in a sentence

• The Options shall become vested and exercisable as of the date that the Administrator verifies the AOP (as defined below); provided, however, the vesting hereunder will be effective as to Participant as of the end of the fiscal year to which such Annual Amount relates (notwithstanding any termination of Participant’s employment during the period between the end of such fiscal year and the verification of the AOP and, in such case, notwithstanding the provisions of Section 3.1(b)).

• If the amount of any Claim exceeds the Insured’s available Annual Amount of Cover the Insurer may, in its sole discretion, hold or pay over such amount or any lesser amount for which the Claim can be settled.

• Annual Amount - Computed as regular retirement, but reduced 1/2 of 1% for each month by which retirement date precedes attainment of age 62 with 20 or more years of service or age 65 with 10 or more years of service.

• Annual Amount - Computed as regular retirement but based upon service and final average compensation and benefit levels in place at termination of covered employment.

• Annual Amount - Total service times 2.5% of FAC.Type of Final Average Compensation - Highest 3 consecutive years out of last 5.

More Definitions of Annual Amount

Annual Amount is defined in § 2.5 and is comprised of the Customer’s total annual Reclaimed Water use estimate, as adjusted.

Annual Amount means One Dollar and Twenty-five Cents ($1.25) per annum, increased at the beginning of each calendar year during the term by one and one-half percent (1.5%) over the previous amount.

Annual Amount means, with respect to each Holder, for any Fiscal Year, the sum, for all Investment Vehicles in which the Holder has a Percentage Interest, of the following: (a) for every Hedge Fund in which such Holder has a Percentage Interest, the product of (i) either (x) if an Existing Hedge Fund, the Promote for such Hedge Fund that is attributable to Existing Hedge Fund AUM for such Fiscal Year, or (y) if not an Existing Hedge Fund, the NOR for such Hedge Fund that is attributable to New Hedge Fund AUM for such Fiscal Year, and (ii) such Holder's Percentage Interest in such Hedge Fund for such Fiscal Year; (b) for every PE Fund in which such Holder has a Percentage Interest, the product of (i) the NOR for such PE Fund for such Fiscal Year, and (ii) such Holder's Percentage Interest in such PE Fund for such Fiscal Year; and (c) for every Castle in which such Holder has a Percentage Interest, the product of (i) either (x) if the Castle raised capital on or prior to January 1, 2012, the excess, if any, of the NOR for such Castle for such Fiscal Year, over the NOR for such Castle for the 2011 Fiscal Year, or (y) if the Castle first raised capital after January 1, 2012, the NOR for such Castle for such Fiscal Year, and (ii) such Holder's Percentage Interest in such Castle for such Fiscal Year; provided, however, that if such Holder's employment with Fortress terminated during such Fiscal Year without Cause or due to death or Disability, then the amount specified in the foregoing clause (b) shall not be included in the computation of the Annual Amount for such Fiscal Year. If the Commencement Date for any Holder's Percentage Interest in any Investment Vehicle is after January 1 in any Fiscal Year, then the Annual Amount attributable to such Investment Vehicle for such Fiscal Year will be prorated for the remaining portion of such Fiscal Year on the basis of a 360-day year. Annual Amounts shall be determined in accordance with the Plan.

Annual Amount. , in relation to a pension, means the amount of the annual pension to which the member would be entitled under this Section of the Scheme apart from this regulation, together with any increases payable under the Pensions (Increase) Act 1971, calculated as at the time payment would first be due;

Annual Amount means, as of a Valuation Date, an amount equal to up to one and one-quarter percent (1.25%) of the Company’s Initial Market Cap based on the level of achievement of Annual Absolute TRS and Annual Relative TRS as of such Valuation Date for the period commencing on (A) the Commencement Date with respect to the First Valuation Date and (B) the prior Valuation Date with respect to the Second Valuation Date and the Final Valuation Date.

Annual Amount shall have the meaning given to that term in the Initial Letter of Credit;

Annual Amount. The annual amount payable as calculated under clause 17.4 and notified by the NCLST to the Participating Police Forces on an annual basis in accordance with clause 17;