Biennial Floating Vacation Week definition

Biennial Floating Vacation Week means a Use Week appurtenant to an Alternating Floating Vacation Estate that can be used by the Vacation Owner every other year during the designated season. An Owner whose Alternating Floating Vacation Estate is followed by the designation E is allowed to use the Vacation Unit in even number years and the Owner whose Alternating Floating Vacation Estate is followed by the designation O is allowed to use the Vacation Unit in odd number years. Owners of Biennial Floating Vacation Weeks are required to pay half of their Vacation Unit Assessments every year plus a pre- determined surcharge.

Examples of Biennial Floating Vacation Week in a sentence

The owner of a “Fixed/Floating New Year’s Vacation Week” shall get the use of an additional winter floating season week by following the reservation procedures for a “Floating Vacation Week” or a "Biennial Floating Vacation Week" during the years there are 53 weeks in the calendar.

Related to Biennial Floating Vacation Week

Floating Profit/Loss in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable).
Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on July 1, 2020 and ending on and including September 30, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.
Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.
Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.
Working level month or "WLM" means an exposure to one working level for 170 hours. Two thousand working hours per year divided by 12 months per year is approximately equal to 170 hours per month.
reduction week means a period of seven consecutive days beginning with a Monday and ending with a Sunday;
Vacation Year means the 12 month period commencing on the 1st day of April in each calendar year and concluding on the last day of March of the following calendar year;
Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.
Vacation means annual vacation with pay;
Weeks Pay' means the ordinary time rate of pay for the employee concerned:
Floating Rate Period means, in respect of Fixed Rate/Floating Rate Notes, the period from and including (or, in the case of Swiss Franc Notes, from but excluding) the Floating Rate Commencement Date to but excluding (or, in the case of Swiss Franc Notes, to and including) the Maturity Date.
Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:
Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.
Baseline Period means the 12-month period immediately preceding October 30, 2016.
Integration level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.
Work week means a seven (7) consecutive day week that consistently begins and ends on the same days throughout the year; i.e. Sunday through Saturday, Wednesday through Tuesday, Friday through Thursday.
Week means seven consecutive days.
Base Period Income means an amount equal to the Executive’s “annualized includible compensation for the base period” as defined in Section 280G(d)(1) of the Code. For purposes of such opinion, the value of any noncash benefits or any deferred payment or benefit shall be determined by the Company’s independent auditors in accordance with the principles of Section 280G(d)(3) and (4) of the Code (or any successor provisions), which determination shall be evidenced in a certificate of such auditors addressed to the Company and the Executive. The opinion of National Tax Counsel shall be addressed to the Company and the Executive and shall be binding upon the Company and the Executive. If such National Tax Counsel so requests in connection with the opinion required by this Section 9(c), the Executive and the Company shall obtain, at the Company’s expense, and the National Tax Counsel may rely on, the advice of a firm of recognized executive compensation consultants as to the reasonableness of any item of compensation to be received by the Executive solely with respect to its status under Section 280G of the Code and the regulations thereunder.
Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the initial investor interests of all outstanding Series, and the denominator of which is equal to the sum of (a) the Initial Investor Interest, (b) the initial investor interests of all outstanding Series (other than Series 1997-B) which are not expected to be in their revolving periods, and (c) the initial investor interests of all other outstanding Series which are not allocating Shared Principal Collections to other Series and are in their revolving periods; provided, however, that this definition may be modified at anytime if the Rating Agency Condition with respect to such modification is satisfied.
Lowest achievable emission rate (LAER) means, for any source, the more stringent rate of emissions based on the following:
Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.
Release Period means the period specified in paragraph 3(d) of the letter of consent.
Rental Period means the hire period or any agreed variation thereof and any additional period during which the Vehicle is in the Customer’s possession or control.
Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.
Workweek means 12:00 AM Sunday through 11:59 PM Saturday.
Water Year means the period commencing with October 1 of 1 year 20 and extending through September 30 of the next; and