Equitable Share definition

Equitable Share means the interest of any Plan in the Trust or, if the context shall require, an Investment Fund.

Equitable Share means the interest of any Plan in the assets of the Trust.

Equitable Share means the portion allocated to an eligible member of the securities or other consideration of the converting insurer referred to in subsection 3 of section 45-03-21-05, such allocation to be made in accordance with the provisions of subsection 4 of section 45-03-21-05.

Examples of Equitable Share in a sentence

• The unconditional Equitable Share Grant, however, is a grant growing annually according to a formula determined nationally and such formula is applicable to all local authorities on an equal basis.

• This is being distributed in the form of an Equitable Share to all municipalities.

• Performance reporting on grants are been done by the Chief Financial Officer in order to comply with the Division of Revenue Act.The Equitable Share are used for the day to day running of the Municipality for example salaries, own funded projects and contracted services and is therefore unconditional and GRDM are dependent on it to sustain operations.

• In line with the significant growth in population numbers over recent years, the municipality has seen a significant increase in the DORA allocation for the Equitable Share over the MTREF period.

• Secondly, it can create an incentive for municipalities to under report on collection rates, as this would result in a lower Revenue Raising Component calculation and more revenue from the Local Government Equitable Share.

More Definitions of Equitable Share

Equitable Share means the proportionate part of the Trust held for the benefit of Participants of a particular Employer. Each Employer's proportionate part of the Trust shall be determined at any given time by multiplying the total assets in the Trust by a fraction the numerator of which is the total of the accounts earned by Participants while employed by the Employer and the denominator of which is the total of the accounts earned by all Participants at that time.

Equitable Share means the grant from national government paid to the Municipality and predominantly targeted at assisting the Municipality with the cost of free basic municipal services;

Equitable Share. Means an allocation made by the National Government during a financial year, in its fiscal allocation, gazetted through the Division of Revenue Act (hereinafter “the DORA”), in order to assist municipalities to fund various expenses including expenses such as free basic services.

Equitable Share means in relation to a Member or a Beneficiary as at any particular date the amount determined by the Trustee, after obtaining the advice of the Actuary, to be that person’s equitable share of the division of the Fund of which he or she is a member, as if that division was terminated and all assets were entirely apportioned between the Members and Beneficiaries as at that date.

Equitable Share means one hundred percent (100%) of the special assessments with respect to the Property until such time as the Property is subdivided by Landlord (the newly subdivided or platted portion of the Property shall be the “Subdivided Property”) and a Certificate of Occupancy is issued for new improvements located on the Subdivided Property (the “Reallocation Date”). From and after the Reallocation Date, Landlord shall pay any installments of special assessments attributable to the Subdivided Property as set forth on the annual tax statement issued for the Subdivided Property. Tenant shall pay any installments of special assessments allocated to the Premises as set forth on the annual tax statement issued for the Premises. If the annual tax statement(s) fails to allocate all of the special assessments between the Premises and the Subdivided Property, the unallocated portion of the special assessments shall be allocated between Tenant and Landlord such that each shall pay a portion of such unallocated special assessments equal to the product obtained by multiplying a fraction, the numerator of which shall be the value of all improvements on the Premises (in the case of Tenant) or Subdivided Property (in the case of Landlord) as set forth on the annual tax statement(s), and the denominator of which shall be the value of all improvements located on the Premises and Subdivided Property combined as set forth on the annual tax statement(s), times the balance of special assessments attributable to the Property, excluding the Premises and the Subdivided Property (the “Reallocated Amount”); plus

Equitable Share means an amount equitably determined by the Trustee, and “amount equitably determined” has a corresponding meaning.

Equitable Share means the interest of any Plan in this Trust.