Equivalent credit definition
Examples of Equivalent credit in a sentence
Equivalent credit will be made accessible to students via an online database provided by PDE.
Furthermore, for the avoidance of doubt, the Participant shall receive a Dividend Equivalent credit for each outstanding Deferred Stock Unit equal to the special cash distribution declared by the Company with respect to the Company’s stockholders of record as of the close business on July 26, 2021.
Equivalent credit will be based on a ratio of twelve (12) clock hours work for one (1) credit.
Equivalent credit in lieu of academic units may be accepted up to and including six (6) semester hours in each 15-hour increment.
If the Company declares a normal cash dividend on its Shares prior to the earlier of the date the Award is settled in full or terminates, the Grantee will receive a Dividend Equivalent credit equal to such cash dividend for each outstanding Stock Unit subject to the Award.
Equivalent credit shall not be granted for equivalent service done before July 1, 1971, or prior to an employee’s date of employment with the District.
National Board Certification $2,000.00 Master’s Degree or District Equivalent* $2,000.00 Doctoral Degree $3,000.00 * The Superintendent or designee and the Association Representative will evaluate proposal for District Equivalent credit prior to approving the same.
If the Company declares a normal cash dividend on its shares of Common Stock and the record date of such dividend is on or after the Award Date and on or before the date shares of Common Stock are issued pursuant to Section 1.3 in respect of any Vested Deferred Stock Units, the Participant (or any subsequent transferee) shall receive a Dividend Equivalent credit equal to such normal cash dividend for each outstanding Deferred Stock Unit.
Equivalent credit hours of participation must be verified after completion of the activity.
Dividend Equivalent credits shall be deemed reinvested in additional RSUs (or fractions thereof) by dividing the dollar amount of the Dividend Equivalent credit by the Fair Market Value of a share of the Company’s Common Stock on the payment date of the dividend.