Examples of Drop in a sentence
THE LEVEL IN ANY LAKE WILL DROP AS MUCH AS 33 FEET BELOW THE FULL LAKE LEVEL.
The City agrees that it will amend the pension plan ordinance no sooner than sixty (60) days after the ratification date of this 2010- 2013 Agreement so that the current maximum BAC-DROP period is increased from eighteen (18) months to twenty-four (24) months with a corresponding reduction of up to six (6) months in the maximum time the member may participate in the DROP.
The signed DROP election extension form must be received by the City Finance Department within ninety (90) days following the effective date of the ordinance implementing the DROP extension, and prior to the end of the member’s original DROP period.
The maximum DROP participation period shall be extended by one year (twelve months) from six (6) years to seven (7) years, for members who enter or have entered the DROP on or after October 1, 2010.
DROP accounts shall earn interest at the rate of six (6%) percent per annum for members who enter the DROP after this rate change becomes effective as well as for those members who entered DROP or after October 1, 2010 and who timely elect, as provided in paragraph A above, to extend DROP participation for up to one additional year.