Examples of Payment Year in a sentence
If the value of the Fund is less than the aggregate amount of contributions previously made by the Company, the amount payable to the Members and the Payment Year will be adjusted by a factor derived from the value of the Fund and the aggregate amount of contributions previously made by the Company.
The only potential exceptions identified in the Final Rule involve “unforeseen circumstances” or other “limited instances”; the Final Rule makes clear that “extrapolation is expected to be the standard practice for RADV audits beginning in [Payment Year] 2018.” 88 Fed.
Under the 2009 Scheme, the Board of Directors (the "Board") may, from time to time, at its absolute discretion and subject to such terms and conditions as it may think appropriate select an employee (the "Member") who completed 10 years' services in the Group (subject to consent of the Board if the employee completed 5 years' services in the Group) for participation in the 2009 Scheme for 10 years after retirement (the "Payment Year") (subject to adjustment set out in (d) below).