Calculation Years definition

Calculation Years means Year 1, Year 2 and Year 3, and any of them shall be known as a “Calculation Year”;

Examples of Calculation Years in a sentence

  • Table 4 - Five Year Land Supply Calculation (Years) Note: Row B uses official ONS/Valuation Office Agency data.

  • The amount of the third Deferred Payment (if any) shall be 15% of the amount by which the cumulative EBITDA for the first three Calculation Years exceeds the Adjusted Balance Amount, minus the amount of the first and second Deferred Payments.

  • Any such unallocated positive balance must, however, be carried forward and fully allocated to the Performance Recognition Pools for one or more of the immediately succeeding three Calculation Years, notwithstanding any other provisions or limitations in this Plan.

  • Thus, whether the seller uses framing or not, he will offer buyers the first-best bundle (x∗θ, tθ∗) and capture the entire surplus in excess of U (0, 0, θ).The seller, however, may be required by a regulator to offer a specific bundle in the menu.This is the case, for example, in the cable-TV market, in which cable providers often have to offer customers a basic package at a low rate in addition to other packages of their choice.

  • The PCA shall have as a minimum number of office bearers, a President, Secretary and Treasurer.

  • The Deferred Purchase Price shall be paid in three (3) installments (each a “Deferred Payment”) on a date that is 135 days following the end of each of the first three (3) Calculation Years (each a “Deferred Payment Date”).

  • The amount of Performance Bonus pursuant to this paragraph shall be $12,500 (e.g., Performance Bonus of $62,500 for all Targets) with respect to the Bonus Calculation Years ending on December 31, 2008 and June 30, 2011.

  • The amount of Performance Bonus pursuant to this paragraph shall be $7,500 (e.g., Performance Bonus of $37,500 for all Targets) with respect to the Bonus Calculation Years ending on December 31, 2008 and June 30, 2011.

  • Each Key Employee's right to receive KE Additional Consideration shall be contingent, and shall be based upon the Net Income of the Subject Entities for a period of five (5) fiscal years commencing as of January 1, 1998 (individually, a "Calculation Year" and, collectively, the "Calculation Years").

  • Within ninety (90) days of the end of each of the first three (3) Calculation Years, the Company shall calculate the Company’s EBITDA for such Calculation Year and provide Buyer and the Minority Members an accounting of such calculation.

Related to Calculation Years

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Limitation Year means the Plan Year.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Reference Year shall have the meaning given it in the Summary.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • 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.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • 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;

  • 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.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Preceding year means a period of 12 consecutive months fixed by the division