CUCB definition

CUCB. (Credit Unit Cancellation Base) means an amount determined monthly pursuant to the provisions of Article 7 by dividing the value of the assets of the Fund, at the beginning of the month by the sum of the number of Employees in Active Service plus those on layoff with Credit Units.
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Examples of CUCB in a sentence

  • The Plan provisions with respect to the effect of a low CUCB on the payment of Regular Benefits shall not be applicable.

  • When the CUCB for a particular Pay Period equals or exceeds the CUCB stated for such period, the CUCB shall be applied to each Pay Period until a CUCB for the following calendar month shall be applicable.

  • No adjustment in the Maximum Funding or the CUCB of any Fund shall be made on account of any subsequently discovered error in the computation, or the figures used in making the computations, unless such adjustment is practicable.

  • The proposed CUCB algorithm associates a set of optimal energy packages, to be purchased from the day-ahead markets, to a set of RRHs to minimize the total cost of energy purchase from the main power grid by dynamically forming super arms.

  • Notwithstanding anything to the contrary in the Agreements (including this DPA), Customer acknowledges that Comet Licensing Limited shall have a right to use and disclose data relating to and/or obtained in connection with the operation, support and/or use of the Services for its legitimate business purposes, such as billing, account management, technical support, product development and sales and marketing.

  • An eligible applicant shall receive Benefits so long as he continues to have Credit Units provided that the CUCB is equal to or greater than $18.00.

  • In determining the CUCB for a particular Pay Period, the current market value of the total assets in the appropriate Fund as of the close of business on Friday preceding such Pay Period, as certified by the Trustee, (plus as provided in Section (5)(d) of this Article, additional contribution amounts, if any, to be added to the market value of the assets for Automatic Short Week Benefits for Scheduled Short Work Weeks paid during the previous month), shall be used.

  • A CUCB shall be determined for each calendar month in the following manner: The value of the assets of the Fund at the beginning of the month shall be divided by the average number of Employees used in determining Maximum Funding for the Fund for such month.

Related to CUCB

  • SAIC means the State Administration for Industry and Commerce of the PRC and/or its regional and local counterparts.

  • CTI means CTI Logistics Limited (ABN 69 008 778 925) and/or any Affiliate of CTI Logistics Limited as the case may be, which performs all or any of the Services.

  • NPS means nominal pipe size.

  • Forest means an area of land defined by the minimum values for area size, tree crown cover or an equivalent stocking level, and potential tree height at maturity at the place of growth of the trees as specified for each Member State in Annex II. It includes areas with trees, including groups of growing, young, natural trees, or plantations that have yet to reach the minimum values for tree crown cover or an equivalent stocking level or minimum tree height as specified in Annex II, including any area that normally forms part of the forest area but on which there are temporarily no trees as a result of human intervention, such as harvesting, or as a result of natural causes, but which area can be expected to revert to forest;

  • SADC means the Southern African Development Community;