Equipment Utilization definition

Equipment Utilization means adjusted equivalent tons of urea ammonium nitrate production divided by the planned equivalent tons of production for the Performance Period, as adjusted at the discretion of the Compensation Committee for events or downtime caused by third parties. Planned production is reflected in the Company’s annual volumetric plan. Monthly targets may be adjusted on a month by month basis to optimize production for which there is an economic incentive to do so during the given period. In such cases, the annual volumetric plan will be adjusted for the purposes of Bonus calculations with the new targets in place of the original targets.
Sample 1Sample 2Sample 3
Equipment Utilization means actual throughput for the Performance Period divided by the planned throughput for the Performance Period, as adjusted at the discretion of the Compensation Committee for events or downtime caused by third parties. Planned throughput is reflected in the Company’s annual volumetric plan. Monthly targets may be adjusted on a month by month basis to optimize production for which there is an economic incentive to do so during the given period. In such cases, the annual volumetric plan will be adjusted for the purposes of Bonus calculations with the new targets in place of the original targets.
Sample 1Sample 2Sample 3
Equipment Utilization means adjusted equivalent tons of urea ammonium nitrate production divided by the planned equivalent tons of production for the Performance Period, as adjusted at the discretion of the Compensation Committee
Sample 1Sample 2

Examples of Equipment Utilization in a sentence

  • The second installment shall require a certification of the Project Engineer of the Procuring Entity that the Contractor has mobilized major equipment according to the approved Equipment Utilization Schedule.

  • Equipment Utilization Schedule, weekly or monthly for the minimum requirement required for the contract (Use Bidding Form No. 6)7.

  • Manpower Utilization Schedule.3. Equipment Utilization Schedule.4. Construction Method.5. Construction Safety and Health Program approved by DOLE.

  • Program of Works, to include but not limited to, Construction Schedule and S- Curve, Manpower Schedule, Construction Methods, Equipment Utilization Schedule, PERT/CPM, and Cash Flow and Payment Schedule; 2.

  • Equipment Utilization Schedule, using Form DPWH-INFR-41, (Annex “A-9”)18.

  • Equipment Utilization Schedule, weekly or monthly for the minimum requirement required for the contract (Use Bidding Form No. 8c)7.

  • The common forms of assistance that a Mentor may provide a Protégé include: Business Planning Financial Counseling Record Keeping Bonding Technical Assistance Equipment Utilization Capital Formation Mentor-Protégé Requirements The MWSBE Division may approve a Mentor-Protégé relationship in all applicable industries in which Mentor assistance is needed to develop capacity in the Protégé MWSBE firm.

  • Program of Works, to include but not limited to, Construction Schedule and S-Curve, Manpower Schedule, Construction Methods, Equipment Utilization Schedule, PERT/CPM, and Cash Flow and Payment Schedule; 2.

  • Equipment Utilization Schedule, weekly or monthly for theminimum requirement required for the contract (Use Bidding Form No. 8c)7.

  • Equipment Utilization The utilization of specialized equipment, including automation (survey equipment, reproduction equipment etc.), is recognized as benefiting the Client.


More Definitions of Equipment Utilization

Equipment Utilization means actual throughput for the Performance Period divided by the planned throughput for the Performance Period, as adjusted at the discretion of the Compensation Committee
Sample 1
Equipment Utilization means (i) for Refining, actual throughput for the Performance Period divided by the planned throughput for the Performance Period, and (ii) for Fertilizer, adjusted equivalent tons of urea ammonium nitrate production divided by the planned equivalent tons of production for the Performance Period, in each case, as adjusted at the discretion of the Compensation Committee for events or downtime caused by external events. Planned throughput and production is reflected in the Company’s annual volumetric plan. Monthly targets may be adjusted on a month by month basis to optimize production for which there is an economic incentive to do so during the given period. In such
Sample 1
Equipment Utilization means actual throughput for the Performance Period divided by the planned throughput for the Performance Period, as adjusted at the discretion of the Compensation Committee for events or downtime caused by external events. Planned throughput is reflected in the Company’s annual volumetric plan. Monthly targets may be
Sample 1

Related to Equipment Utilization

  • Utilization means public usage of the subway, bus, railroad

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • Fertilization means the fusion of a human spermatozoon with a human ovum.

  • Interconnection Facilities means the Transmission Owner Interconnection Facilities and the Customer Interconnection Facilities.

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Power System means all aspects of generation, transmission, distribution and supply of electricity and includes one or more of the following, namely:-

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Grid means the nationwide system of transmission lines, substations and other works including the HVDC (High Voltage Direct Current) link owned by Transpower and used to connect all grid injection points and/or grid exit points to transport electricity throughout New Zealand;

  • Attachment Facilities means the facilities necessary to physically connect a Customer Facility to the Transmission System or interconnected distribution facilities.

  • Site Visit means a visit to the Site; and