Distribution Cycle definition
Distribution Cycle means a single quarterly funding cycle that the Department opens with the acceptance of District quarterly reports which detail moneys received and expended, tires collected, and other program related information as determined by the Department; and ends with the distribution of grant moneys from funds available for the distribution cycle.
Distribution Cycle means the 12 (twelve) month period ending on 30 June in each year;
Distribution Cycle means the six-month period that begins on each April 1 and each October 1. Notwithstanding any provision of the Plan to the contrary, for purposes of this subsection, a Participant’s Accounts shall be valued as of a Valuation Date as soon as administratively feasible preceding the date such distribution is made, in accordance with rules established by the Administrator. A Participant’s Accounts may be offset by any amounts owed by the Participant to the Employer, but such offset shall not occur in excess of the amount to be distributed or prior to the date distribution of the amount that would otherwise be distributed to the Participant.
Examples of Distribution Cycle in a sentence
Subject to subsection 9.3 hereof, distribution of a Participant’s Accounts shall be made or begin on the first day of the Distribution Cycle that begins following the date that is 6 months after the Participant’s Termination Date (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment).