Definition of SME Sample Clauses

Definition of SME. A SME will be considered as such if it complies with the Commission Recommendation 2003/361/EC. As a summary, the criteria which define a SME are: • Headcount in Annual Work Unit (AWU) less than 250; AND • Annual turnover less or equal to 50 million € OR annual balance sheet total less or equal to 43 million €. Note that the figures of partner and linked enterprises should also be considered as stated in the SME user guide. Start-ups are included in this category if they are incorporated.
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Definition of SME. A SME will be considered as such if it complies with the Commission Recommendation 2003/361/EC. As a summary, the criteria which define a SME are: • Headcount in Annual Work Unit (AWU) less than 250; • Annual turnover less or equal to €50 million OR annual balance sheet total less or equal to €43 million. Note that the figures of partner and linked enterprises should also be considered as stated in the SME user guide. Scaleups are included in this category if they are incorporated. The last criterion is reviewed once the company is selected to join the program, so, individuals can apply if they establish the company once they are selected to join the acceleration program (and before the acceleration program starts)
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Related to Definition of SME

  • Definition of Shifts (a) A shift starting on or after 6:00 a.m., but before 9:00 a.m. is a day shift.

  • Definition of Sole Source As used in this Article 3.2.16, “Sole Source” means a Trade Contractor or Supplier or Subcontractor specified by name in a Bulletin as the exclusive source from which conforming goods or services may be obtained. Designation of goods or services by reference to a named source accompanied by the qualification “or equal” or similar language is not a designation of a Sole Source as that term is defined herein.

  • Definition of Family Members of the employee's immediate family are defined as the employee's spouse, mother, father, brothers, sisters, sons, daughters, stepchildren, mother-in-law, father-in-law, sons-in-law, daughters-in-law, stepparents, grandparents and grandchildren.

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  • Definition of Dependent The definition of a dependent shall include the domestic partner of an employee and the dependents of such domestic partner. Any employee claiming a domestic partner and/or the dependents of such domestic partner for purposes of this Article shall have an approved City Affidavit of Domestic Partnership form or a registered State of California Declaration of Domestic Partnership form on file in the Employee Benefits Office, Personnel Department, which identifies that individual as the employee’s domestic partner.

  • Definition of Sick Leave Sick leave means the period of time an Employee is absent from work because of disability due to illness or injury not covered by Workers’ Compensation.

  • Definition of Layoff A layoff shall be defined as a reduction in the work force or a reduction in the regular hours of work as defined in this Agreement.

  • Definition of Seniority Seniority shall be defined as the length of an employee's continuous service with the Employer, commencing with his/her last date of full-time hire. The application of seniority shall be limited to the preferences specifically recited in this Agreement.

  • Definition of Vacancy A vacancy shall be defined as a newly created position or a present position that is not filled. A position that is totally eliminated shall not be considered a vacancy.

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