Future benefit definition
Future benefit means that the asset is expected to contribute future performance rather than to current performance, which is most different point from the “cost” concept, because conceptually cost is expenditure paid for current period performance. This means that intangibles are expected to release capital7 services for more than one period.
Future benefit shall have the meaning assigned in the Tax Indemnification Agreement.
Examples of Future benefit in a sentence
Future benefit eligibility for part time Employees shall be determined by the previous calendar years compensated hours meeting or exceeding 1560.
Future benefit eligibility for part time employees is determined by the previous calendar years compensated hours exceeding 1560.
Future benefit accruals shall be made in accordance with the adoption agreement that relates to the Retirement Plan adopted by Siouxland.
Future benefit increases will not be precluded by the freeze of the Plans as provided in Section 2 and may be negotiated, depending on funding and mutual agreement by the Employer.