Formulae definition
Examples of Formulae in a sentence
Once established for a Performance Period, the Performance Measure(s) and Performance Formula(e) shall not be amended or otherwise modified to the extent such amendment or modification would cause the compensation payable pursuant to the Award to fail to constitute qualified performance-based compensation under Code Section 162(m).
For the purposes of this Access Arrangement, Reference Tariffs will be varied through two mechanisms, namely: a the Reference Tariff Control Formulae, described in Section 4.4; and b a Cost Pass Through Event Adjustment, which is described in Section 4.5. Variations to Reference Tariffs are subject to the Regulator’s approval (or deemed approval) in accordance with the Rules and this Section 4.
The Reference Tariff Control Formulae set out in Annexure D compare the revenue from the pre-existing Reference Tariffs with revenue from the Reference Tariffs as varied, based on the Quantities of Gas (or other units of measurement, such as GJ of MDQ) that applied in the year two years prior to the year in which the Reference Tariffs are to be varied.
Subject to the approval of the Regulator, AGN can vary the Reference Tariffs for Haulage Reference Services from time to time provided that the variations comply with the four Reference Tariff Control Formulae set out in Annexure D to this Access Arrangement.
A Participant shall be eligible to receive payment in respect of a Performance Compensation Award only to the extent that the Performance Measure(s) for such Award is achieved and the Performance Formula(e) as applied against such Performance Measure(s) determines that all or some portion of such Participant’s Award has been earned for the Performance Period.