Fully Accrued definition

Fully Accrued means (a) as to Regular Compensation, the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, and (b) as to Profit Bonus, only that Profit Bonus which has been awarded by the Company's Board of Directors.
Fully Accrued means (a) as to Regular Compensation, the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, and (b) as to Override Bonus, only that Override Bonus which has been earned as of the month end previous to the termination date.
Fully Accrued means (i) as to Regular Compensation the percentage of a year's Regular Compensation as shall equal the percentage of the year which has expired on the termination date, (ii) as to Signing Bonus, the entire Signing Bonus, (iii) as to Profit Bonus only the applicable percentage of net profits having occurred on or before the date of termination, in which case the $400,000 figure shall be adjusted based on the percentage of the year which has expired on the termination date and (iv) as to commissions, only the commission on orders received and accepted at the date of termination (subject to adjustment for any non-payments for orders shipped, unless due to failure on the part of the Company).

Examples of Fully Accrued in a sentence

  • Companies Ltd by Guarantee must prepare Fully Accrued Accounts, in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (the 2005 Charities SORP).

  • In such event, the Company shall pay the Employee only such compensation as shall have Fully Accrued on the date of termination.

  • In such event, the Employee shall be entitled to receive his or her compensation only to the extent Fully Accrued on the date of termination.

  • IntroductionPart 3: Fully Accrued AccountsThis Guide sets out the legal requirements for charities preparing Fully Accrued Accounts and getting those accounts externally scrutinised.It should be read in conjunction with Part 1: The Overview.

  • In such event, the Employee shall continue to receive Regular Compensation throughout the original or any one year renewal term as more fully explained in Section 2 of this Agreement, which shall not be less than two (2) years of such Regular Compensation, unless taking place during the original term of this agreement in which case it shall be three (3) years of such Regular Compensation, but shall be entitled to Profit Bonus only to the extent Fully Accrued on the date of termination.

  • Fully accrued accounts must follow the SORP and, if independently examined, be examined by a qualified independent examiner (see section 3.5 in Part 3: Fully Accrued Accounts).

  • In such event, the Employee shall continue to receive his Guaranteed Compensation of $190,000 for the first twelve months on a pro- rated basis, and then the Regular Compensation throughout the balance of the term of this agreement, but shall be entitled to his Profit Bonus and Commission Bonus only to the extent Fully Accrued on the date of termination.

  • They will build on their strategic partnerships with organisations from across the city, the region and the country.

  • Anything contained herein to the contrary notwithstanding, the Company may terminate this agreement at any time after the Employee shall have been absent from his employment, for whatever cause, for a continuous period of not less than six months, and all obligations of the Company to the Employee which have not already Fully Accrued shall cease upon any such termination.

  • In such event, the Company shall pay the Employee only such compensation as shall have Fully Accrued on the date of termination, less reserves for damages by reason of Employee's actions.

Related to Fully Accrued

  • accrued is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

  • Compensation Accrued at Termination means the following:

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Accrued Amounts means:

  • unpaid A Debt which has not been fully paid;

  • Accrued Day(s) Off means the paid day(s) off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of this award.

  • Final Payout Date means the date on which all Obligations have been paid in full and the Aggregate Commitment has been terminated.

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Accrued Obligations means (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Accrued Obligation means the sum of (i) Executive’s Base Salary earned through the Date of Termination and (ii) any accrued, unused vacation pay earned by Executive, in both cases, to the extent not theretofore paid.

  • Weeks pay means the ordinary time rate of pay for the employee concerned.

  • Final Pay means any unpaid base salary with respect to the period prior to the effective date of Employee’s termination of employment.

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Reimbursement Amounts As defined in Section 3.22.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.