Preceding year definition

Preceding year means a period of 12 consecutive months fixed by the division

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Preceding year means a period of 12 consecutive months fixed by the division that is within 16 months immediately preceding the commencement of the registration or license year in which proportional registration is sought. The division in fixing the period shall conform it to the terms, conditions, and requirements of any applicable agreement or arrangement for the proportional registration of vehicles.

Preceding year means the financial year that immediately precedes the financial year mentioned in the definition of ‘appropriate year’ in this subsection.

Examples of Preceding year in a sentence

• At the beginning of each subsequent year hereunder the parties will consult together in good faith and agree on the Annual Market Potential applicable to that year; provided, however, that if they cannot agree, the Annual Market Potential for the immediately Preceding year will apply to the current year.

• At the beginning of each subsequent year the parties will consult together in good faith and agree on the Annual Market Potential applicable to that year; provided, however, that if they cannot agree, the Annual Market Potential for the immediately Preceding year will apply to the current two years.

• Preceding year Compensation will be, $160,000.00, and shall increase at a rate of $40,000.00 per year or 3% of gross sales whichever is greater, at the option of Service Provider.

• On July 1 of each year, beginning in 2012, the Rent will be increased by the greater of (i) the increase in U.S. City Average, Urban Wage Earners and Clerical Workers, Not Seasonally Adjusted – Series, Consumer Price Index (CPI) for the twelve months ending March as published in April of the Preceding year, plus 1% or (ii) 5%.

• At the beginning of each subsequent year hereunder the parties will consult together in good faith and agree on the Annual Market Potential applicable to that year; provided, however, that if they cannot agree, the Annual Market Potential for the immediately Preceding year will apply to the current year with an increase of 15% in volume.

More Definitions of Preceding year

Preceding year means the year immediately preceding the day on which the

Preceding year means a period of twelve consecutive months fixed by the department, which period shall be within the sixteen months immediately preceding the commencement of the registration year for which proportional registration is sought.

Preceding year means the year immediately preceding the day on which the regulated officeholder makes a conflict of interest disclosure.

Preceding year has the meaning assigned to it in Section 6(a)(iii) hereof.

Preceding year means the 12 months ending on Septem- ber 30 of the year immediately preceding the year for which a license is sought under s. 94.68.

Preceding year s tax" means the tax as ascertained on the preceding year's tax report.

Preceding year means the period of twelve consecutive months