Current earnings definition

Current earnings means earnings received by an obligor from any source:
Current earnings means the participant’s earnings in the most recent complete annual earnings period, provided the partic- ipant was a participating employee for the full annual earnings period. If the participant was not a participating employee throughout the most recently ended annual earnings period, “cur- rent earnings” means the product of the participant’s hourly pay rate on the date of application, multiplied by the number of hours the participant would reasonably be expected to be employed as a participating employee during the current annual earnings period, assuming that the participant would continue to be employed for the remainder of the current annual earnings period.
Current earnings means the participant’s earnings in the most recent complete annual earnings period provided the partici- pant was a participating employee for the full annual earnings period, or the product of the participant’s hourly pay rate on the date of application multiplied by the number of hours the partici- pant is expected to be employed as a participating employee dur- ing a full annual earnings period.

Examples of Current earnings in a sentence

  • Current earnings and profits take into account only earnings and losses of the current tax year and do not take into account any surplus or deficit in earnings and profits from prior tax years.

  • Current earnings of the Employer, before Puerto Rico, federal and any other income taxes and contributions to this Plan and any other qualified plan, as computed by the Employer’s accountants, in accordance with generally accepted accounting principles.

  • Current earnings and operating income margins are lower than the Company’s five-year averages for these figures.


More Definitions of Current earnings

Current earnings means, at any particular time, the sum of the Participant's then current monthly Earnings plus 1/12th of the Participant's last MICP Award or MICP target incentive amount (as defined in MICP), whichever is greater.
Current earnings means revenues less operating expenses before all insurance assessments or corporate stabilization expenses.
Current earnings means the participant’s earnings in the most recent complete annual earnings period, provided the partic- ipant was a participating employee for the full annual earnings period. If the participant was not a participating employee throughout the most recently ended annual earnings period, “cur- rent earnings” means the product of the participant’s hourly pay
Current earnings means for any Profit Sharing Period (i) with respect to a Profit Sharing Unit, the total of all Business Unit Increments for Business Units and all Project Increments for Projects within that Profit Sharing Unit for that Profit Sharing Period, and (ii) with respect to a Project, the total of all Project Increments for that Project for that Profit Sharing Period.
Current earnings means Your Monthly Earnings for the month for which a Disability benefit is being claimed.
Current earnings in relation to any week means –