cumulative basis definition

cumulative basis means the basis of deduction or repayment of tax provided for in regulation 23;

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cumulative basis means that the stated cap shall be applied on a cumulative and compounding basis. For example, if the stated cap is three percent (3%), the maximum capped amount for the first year to which the cap applies shall be one hundred three percent (103%) of the amount for the immediately preceding period (annualized if such amount is not for a full year), which shall constitute the “Cap Amount” for such year; for the second year, the “Cap Amount” shall be equal to one hundred six and 9/100ths percent (106.09%); and for each year after such second year, the Cap Amount shall be an amount equal to one hundred three percent (103%) of the Cap Amount applicable to the immediately preceding year.

cumulative basis means that, in any given calendar quarter, the Stockholder may transfer the number of Consideration Shares permitted to be transferred in that calendar quarter plus a number of Consideration Shares equal to the difference between (x) the aggregate maximum number of Consideration Shares permitted to be transferred in the previous calendar quarter(s) and (y) the number of Consideration Shares actually transferred by the relevant Stockholder.

Examples of cumulative basis in a sentence

Notwithstanding any of the provisions of the part of this Agreement that is entitled “Payment of and Conditions for Award” but subject to the following parts of this Agreement, if the Employee’s employment with the Employer terminates for any reason prior to the consummation of a Transaction, then all the Units granted hereunder (other than the Vested Number of Units on Cumulative Basis, if any) shall be forfeited and the Company shall make no payment in respect thereof.
For the avoidance of doubt, upon Employee’s termination of employment for any reason, the Vested Number of Units on Cumulative Basis at the time of such termination (if any) shall remain outstanding and shall become payable subject to the other terms and conditions of this Agreement.
Cumulative Basis - the EBITDA of Parent on a Consolidated basis ---------------- achieved by obtaining the sum of the EBITDA of each of the Divisions, measured (unless otherwise specified) from the respective Commencement Date for each Division, until such time as the Cumulative Measurement Period for a Division is greater than four Fiscal Quarters, at which time EBITDA of such Division shall be measured on a rolling four quarter basis.

More Definitions of cumulative basis

cumulative basis has the meaning set forth in Section 3.1(b)(i).

cumulative basis means a cumulative or increasing accumulation of additional expenses within a specific Project Budget Line Item starting with the initial amount approved in §4.2, Project Budget as of the Effective Date. Such starting point will reset with an amendment to this Grant approved by the DOLA Controller changing the Project Budget Line Item amount or the Project Budget Line Item has been amended through an approved True-up Budget Proposal.

cumulative basis means, with respect to the calculation of Debt Service Coverage Ratio for the six-month period commencing October 1, 2002 and ending March 31, 2003 and the nine-month period commencing October 1, 2002 and ending June 30, 2003, that EBITDA, interest expense, scheduled installments of principal of long-term Indebtedness and cash taxes shall be determined based solely upon the actual earnings and expenditures, as applicable, made during such six-month and nine-month period, as the case may be.