the SORP definition

the SORP means the current Statement of Recommended Practice: Accounting by Registered Social Landlords, issued by the National Housing Federation, the Welsh Federation of Housing Associations and the Scottish Federation of Housing Associations as updated;
View Source
the SORP means the Statement of Recommended Practice for Accounting and Reporting by Charities, issued by the Commissioners on 4th March 2005;
View Source

Examples of the SORP in a sentence

  • At age 61, the amount provided will be at least $50,000; at age 62, at least $100,000; at age 63, at least $150,000; at age 64, at least $200,000; and at age 65, at least $250,000, with such amounts comprised of the amount calculated under the SORP, and if lesser than the amounts previously cited, through additional payments made by the Company to the Executive.

  • Note: where a Provider has adopted the SORP for Charities, the funding provided is considered a performance grant and should be shown as restricted income.

  • The Borrower shall procure that in every Financial Year of the Borrower financial statements shall be prepared in accordance with the Relevant Statutory Requirements and the SORP and shall fairly represent the financial condition of the Borrower.

  • Senior Officer Retirement Plan (the “SORP”) and Consultant’s monthly retirement benefit under the SORP shall reflect and be consistent with the terms and conditions set forth in the letter from GEO to Consultant dated March 18, 2022.

  • For purposes of the 24-month non-competition provision under the SORP, ▇▇▇▇▇▇ shall be considered to have terminated employment with the Company as of November 8, 2011.

  • Land and property holdings have been categorised into operational and non-operational properties in accordance with the SORP and have been valued in accordance with the Statement of Asset Valuation Practice and Guidance Notes published by the Royal Institution of Chartered Surveyors.

  • Except as provided in this Section 4(c), no other amounts shall be payable to you under the SORP.

  • Any additional payments made by the Company shall be made in the same form and time as payments made under the SORP.

  • The actual number of performance shares and cash amount, if any, awarded to you for the 1997 Fiscal Year will be determined by the Compensation Committee based upon the goals and targets for that year, and the percentage of your target award paid to you will be the same percentage paid to other senior officers of the Company who were participants in the SORP for the entire 1997 Fiscal Year.

  • The performance shares and cash amounts, if any, payable to you under the SORP for the 1997 Fiscal Year shall be payable to you at the same time as payments are made to other SORP participants.