Fund Year definition

Fund Year means the Fund's fiscal year of January 1st through December 31st.

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Fund Year means a period of twelve (12) consecutive months identified by the Board of Trustees of the Group. The initial fund year shall commence on January 1, and end on December 31, and each subsequent fund year shall commence on January 1, and end on December 31, unless otherwise provided by the Board of Trustees of the Group. A fund year may be a period of greater or fewer than twelve (12) months if it is the first or last such year of the Fund or a year involving a change in the commencement or termination date of the fund year. The fund year and the fiscal year shall be the same. A “full fund year” shall mean a fund year with a period equal to or greater than twelve (12) months.

Fund Year means each year of the Fund commencing on 1 July and ending on 30 June in the calendar year following;

Examples of Fund Year in a sentence

These obligations with respect to the Fund Year in question shall survive termination of this Agreement and any termination of the Member’s membership in the Group.
In order for a Surplus to be taken into account in establishing a Member’s Contribution for subsequent Fund Years, the Member must have contributed to the Surplus in the Fund Year to which the Surplus arose.
The Surplus for any Fund Year shall be determined by an independent actuary for the Group and shall be equal to the market value of assets less the percent value of liabilities, less reserves for incurred but not reported claims, and less the contingency reserves for the Fund Year, if any.
In the event that the Group incurs a Deficit in any Fund Year, such Deficit shall be made up immediately.
In order to participate in the distribution of the Surplus as a return, a Member must have continued to be a Member to the end of the Fund Year.

More Definitions of Fund Year

Fund Year means the calendar year.

Fund Year means the year commencing 4.00pm on 30th June in each year and terminating 4.00pm on 30th June in the next following year, or as otherwise determined by the Board.

Fund Year means a period of 12 months ending on the 31st day of December, or on such other date as the Board may determine, and includes, if the Board determines another date, such period more or less than 12 months as the Board determines;

Fund Year means the fiscal year used by an association for the purposes of financial reporting.

Fund Year means the Fund's fiscal year of July 1st through June 30th.

Fund Year means a period of twelve months ending on 30 June each year or such other date as the Trustee may determine from time to time.

Fund Year means a multiple employer welfare arrangement's twelve-month fiscal year.