Succeeding year definition

Succeeding year means the calendar year following the current year.
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Succeeding year shall have the meaning set forth in Section 6.1(a).
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Succeeding year means the calendar y ear follow ing the current y ear.
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Examples of Succeeding year in a sentence

  • Except as otherwise set forth in Sections 6.1(e) and 6.1(f), prior to November 30 of each then current year (the “Current Year”), the Committee shall prepare, based on the Martek Budgeted Volume and the actual DSM cost information reported by DSM to Martek pursuant to Section 6.14(b), an annual budget for the next succeeding calendar year (the “Succeeding Year”) and shall determine a “Fixed Budget Price” per Unit of ARA to be applicable during such Succeeding Year.

  • Such Fixed Budget Price per Unit of ARA shall equal the sum of the DSM Costs per Unit of ARA for such Succeeding Year and the mxxx up per Unit of ARA to be charged by DSM (the “DSM Mxxx Up”).

  • Prior to the commencement of each succeeding one year period under this contract ("Succeeding Year"), you shall provide to XXXX a business plan that describes your results for the prior year and your plans for the coming year.

  • In Succeeding Years, the minimum quantity of Products to be purchased shall be as agreed between the parties in writing at least thirty (30) days prior to the start of each Succeeding Year.

  • If Employee is terminated without Cause or this Agreement is allowed to expire without renewal during any Succeeding Year which commences one or more year(s) after the end of the Initial Term, then Employee shall receive as severance pay for the twelve months immediately after such termination date regular salary and benefits payable at the same rate he was earning and on the same schedule at the time of termination.

  • If the Executive does not make an election pursuant to Section 3.03 during either a Preceding Year or the Termination Year, then the Executive shall be deemed to have elected to receive payment in the Normal Form single life annuity commencing on the first day of the Succeeding Year.

  • If Employee is terminated without Cause or this Agreement is allowed to expire without renewal during the second year of the Initial Term or in the first Succeeding Year of the Initial Term, Employee shall receive, as severance pay for the twelve months immediately after such termination date, regular salary and benefits payable at the same rate he was earning on the same schedule as such were paid at the time of termination.

  • If the Executive did not make an election pursuant to Section 3.03 during a Preceding Year, but makes such an election during the Termination Year, actual payment of his Supplemental Monthly Retirement Benefit shall commence on the first day of the next following calendar year (the "Succeeding Year").

  • If Employee is terminated without Cause or this Agreement is allowed to expire without renewal during the Initial Term or in the first Succeeding Year after the Initial Term, as described in this paragraph, any unvested stock options issued to Employee which have not lapsed and which are not otherwise exercisable shall vest, accelerate, and become immediately exercisable by Employee.

  • Unless otherwise agreed to by the parties, the Martek Costs per Unit of ARA for a Succeeding Year will be agreed to by the Committee by November 30 of each Current Year and shall be based on the DSM Budgeted Volume for the Succeeding Year and the actual Martek Costs per Unit of ARA for the first three (3) quarters of the Current Year, taking into account any changes to specifications that may impact such costs.


More Definitions of Succeeding year

Succeeding year shall have the meaning set forth in Section 6.1. * The asterisk denotes that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission
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Related to Succeeding year

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

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Calendar Month means calendar month according to the Gregorian calendar.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;

  • Reporting Year means a twelve-month compliance reporting period required under the Applicable Program.

  • Previous year means the year preceding the current year;

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Calendar means discrete temporal reference system that provides the basis for defining temporal position to a resolution of one day;

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • A month means a month according to Gregorian calendar.

  • Year means a calendar year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.