Declining Balance Method definition

Declining Balance Method means a method to determine the amount of each of a series of periodic distributions in which each distribution is a fraction of the amount available on the distribution date. The numerator of the fraction shall be one and the denominator shall be the remaining number of unpaid periodic distributions at each distribution date (including the distribution to be made on that date).
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Examples of Declining Balance Method in a sentence

  • If a Participant's employment with the Company and/or ALS is terminated other than in connection with a Triggering Event, the balance credited to a Participant's Account pursuant to this Article IV shall be payable to such Participant annually in five periodic distributions determined under the Declining Balance Method.

  • If a Participant's employment with the Company and/or IAE is terminated other than in connection with a Triggering Event, the balance credited to a Participant's Account pursuant to this Article IV shall be payable to such Participant annually in five periodic distributions determined under the Declining Balance Method.

Related to Declining Balance Method

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Valuation Percentage means, for any item of Eligible Collateral, the percentage specified in Paragraph 13.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be the