Emissions Benefit Balance definition

Emissions Benefit Balance is an accounting designed to ensure the integrity of the emission benefits of this Agreement. The Emissions Benefit Balance will be calculated and tracked in accordance with Paragraph 34(B).
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Examples of Emissions Benefit Balance in a sentence

  • The starting balance for the Emissions Benefit Balance shall be equal to Ford’s starting Agreement Balance.

  • To ensure the integrity of the emission benefits of this Agreement, Ford shall be required to achieve a net zero or positive credit balance and resolve any incurred deficits through MY2031 (based on the resolution of Ford’s obligations in accordance with Paragraph 34(B)(vi)), and possibly through as late as MY2034 (based on Ford’s carry-forward of deficits in accordance with Paragraphs 34(C)(iii), and 34(C)(iv)), in a separate Emissions Benefit Balance that Ford tracks and reports to CARB.

  • The starting balance for the Emissions Benefit Balance shall be equal to BMW NA’s starting Agreement Balance.

  • To ensure the integrity of the emission benefits of this Agreement, BMW NA shall be required to achieve a net zero or positive credit balance and resolve any incurred deficits through MY2031 (based on the resolution of BMW NA’s obligations in accordance with Paragraph 34(B)(vi)), and possibly through as late as MY2034 (based on BMW NA’s carry-forward of deficits in accordance with Paragraphs 34(C)(iii), and 34(C)(iv)), in a separate Emissions Benefit Balance that BMW NA tracks and reports to CARB.

  • The starting balance for the Emissions Benefit Balance shall be equal to Volvo Car USA’s starting Agreement Balance.

  • The starting balance for the Emissions Benefit Balance shall be equal to Xxxxxxxxxx’s starting Agreement Balance.

  • The starting balance for the Emissions Benefit Balance shall be equal to VWGoA’s starting Agreement Balance.

  • The starting balance for the Emissions Benefit Balance shall be equal to AHM’s starting Agreement Balance.

  • If the stringency of the MY2023-2026 Federal Program is reduced, the Parties agree to confer in good faith to assure the emissions benefits of the Agreement represented by the Emissions Benefit Balance are achieved.

Related to Emissions Benefit Balance

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's Projected Annual Benefit under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Code ss.ss.415(b) and (d) or 140 percent of the Participant's Highest Average Compensation, including any adjustments under Code ss.415(b). Notwithstanding the above, if the Participant was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more Defined Benefit Plans maintained by the Employer which were in existence on May 6, 1986, the denominator of this fraction shall not be less than 125 percent of the sum of the annual benefits under such plans which the Participant had accrued as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plans after May 5, 1986. The preceding sentence applies only if the Defined Benefit Plans individually and in the aggregate satisfied the requirements of Code ss.415 for all Limitation Years beginning before January 1, 1987.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Accumulated contributions means the sum of all

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Employer Contributions means all amounts paid into ASRS by an

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.