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).
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.