Meal Equivalent definition

Meal Equivalent means a meal is deemed to be provided by FSMC by dividing the total of cash receipts, other than from sales of National School Lunch Program meals, School Breakfast Program meals, After School Care Program and Summer Program meals, by the equivalency factor of the agreed upon fixed price. The equivalency factor for the Meal Equivalent shall remain fixed for the term of the Contract and all renewals.
Sample 1
Meal Equivalent means a meal that is deemed to be provided by FSMC by dividing the total of cash receipts, other than from sales of National School Lunch Program meals, School Breakfast Program meals, After School Care Program and Summer Program meals, by the equivalency factor of $X.XXXX (SFA decides actual amount; see http://www.nfsmi.org/ResourceOverview.aspx?ID=63 and http://www.nfsmi.org/documentlibraryfiles/PDF/20080225031916.pdf). The equivalency factor for the Meal Equivalent shall remain fixed for the term of the Contract and all renewals.
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Meal Equivalent means a meal that is deemed to be provided by FSMC by dividing the total of cash receipts, other than from sales of National School Lunch Program meals, School Breakfast Program meals, After School Snack Program and Summer Program meals, by the
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Examples of Meal Equivalent in a sentence

  • FSMC shall be paid a fixed meal price for each Reimbursable Meal and Meal Equivalent provided by the FSMC under this Agreement.

  • FSMC shall be paid a fixed meal price (Fixed Meal Price) for each Reimbursable Meal and Meal Equivalent provided by the FSMC under this Agreement as follows: Reimbursable Meals and Meal Equivalents Fixed Meal Price $ .

  • A “Meal Equivalent” provided by FSMC is determined by dividing the total of cash receipts, other than from sales of program meals by the Meal Equivalent Conversion Factor.

  • The equivalency formula for the Meal Equivalent shall remain fixed for the term of the Contract and all renewals.

  • The Meal Equivalent Conversion Factor used to determine the number of Meal Equivalents served by FSMC shall be $3.66.

  • The equivalency factor for the Meal Equivalent shall remain fixed for the term of the Contract and all renewals and is in Section: J Financial Terms.

  • The Meal Equivalent Conversion Factor does not apply to Flat Fee contracts.

  • Payment to FSMC shall be made on the basis of a Firm, Fixed-price per Meal Equivalent plus a Management Fee per Meal Equivalent.

  • The equivalency factor for the Meal Equivalent shall remain fixed for the term of the Contract and all renewals.

  • The Superintendent of Schools recommends renewing the contract for Year 3 between the Middletown Township Board of Education and ARAMARK Educational Services, LLC for food service management for the 2016-2017 school year, with a guaranteed profit of $85,000 and a FSMC Fee per Meal and Meal Equivalent of $.2207.


More Definitions of Meal Equivalent

Meal Equivalent means the total of the sales for a la carte items, milk, and miscellaneous items in the operation of the food service divided by the equivalent rate of $3.45 per meal.
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Related to Meal Equivalent

  • Incremental Equivalent Debt means Indebtedness incurred by the Loan Parties in the form of senior secured or unsecured notes or loans or junior secured or unsecured notes or loans and/or commitments in respect of any of the foregoing issued, incurred or implemented in lieu of loans under an Incremental Facility; provided, that:

  • Actuarial equivalent means a benefit of equal value when

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.