Stipulated Savings definition

Stipulated Savings are a sub-category of Guaranteed Savings that do not require post-FIM implementation measurement and verification because they are agreed upon by the Parties based upon representations made to SIEMENS by the CLIENT and through the application of generally accepted analytical formulae. As such, Stipulated Savings are agreed upon in advance by the Parties and cannot be changed. When used as a methodology for representing a FIM’s energy savings, such methodology is not recognized as a measurement and verification methodology under IPMVP. Therefore, where the IPMVP measurement methodologies are required, a methodology other than Stipulated Savings must be used to calculate energy savings.
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Stipulated Savings means those savings that the Parties have agreed to be deemed as achieved on a Date of Substantial Completion, as set forth in Exhibit C. Wendel and Owner agree that Stipulated Savings may include, but are not limited to, future capital or operational costs avoided as a result of the implementation of the Project. Owner hereby acknowledges that it has evaluated sufficient information to believe that the Stipulated Savings will occur, and that Stipulated Savings will not be measured or monitored at any time during the Guarantee Term. Owner agrees and hereby acknowledges that Wendel shall not be responsible for the achievement of Stipulated Savings, as the actual realization of those savings is not within Wendel’s control.
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Stipulated Savings mean the savings that have been mutually agreed upon and stipulated to by the Contractor and the Cities prior to or upon implementation of the OCS Measures/ECMs in accordance with the M&V Plan.
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Examples of Stipulated Savings in a sentence

  • Deemed or Stipulated Savings: The most common approach, deemed savings is based on standardized savings values or simple formulas for a range of measures in representative building types.

  • If M&V is not the most appropriate method, respondents are allowed to use operational savings / capital offsets (Stipulated Savings) for the cash flow so long as the approach is specifically described in the response.

  • Three M&V approaches are outlined below: • Deemed or Stipulated Savings: The most common approach, deemed savings, which are based on standardized savings values or simple formulas for a range of measures in representative building types.

  • References shall include:• Customer Name• Name and Telephone Number of Contact• Brief Description of the Project• Project Beginning and Ending Dates• Specific ECMs installed• Project Cost and Savings• Percent of Project Savings Resulting from Deemed or Stipulated Savings (Separate energy and non-energy savings.

  • Respondents are encouraged to use energy and operational savings/capital offsets (Stipulated Savings).

  • EPA’s Conservation Verification Protocol permits utilities to use “net-to-gross” factors to convert the calculated “gross energy savings” to “net energy savings.”1 For measures specified in the Stipulated Savings path, a table of net-to-gross factors is provided, based upon experience with utility conservation programs.

  • KfA’s Conservation Verilication frotocol permits utilities to use “net-to-gross” lactors to convert tke calculated “gross energy savings” to “net energy savings.”1 For measures specilied in tke Stipulated Savings patk, a table ol net-to-gross lactors is provided, based upon experience witk utility conservation programs.

  • Stipulated Savings are mutually agreed upon by the Owner and Wendel as set forth below to be achieved upon execution of the applicable Certificate of Substantial Completion and shall not be measured or monitored during the Term.

  • Any such adjustment will be added to the term Mi in the equation above.D. Other Savings Other Energy Savings‌Both Customer and TAC agree to add Stipulated Savings and Other Energy Savings to any measured savings according to the Other Energy Savings Schedule in Schedule D Section III-B.

  • Table 2-2 Stipulated Savings Values Used to Estimate Ex Ante Natural Gas Savings Measure The review of the ex ante savings estimates included reviewing the analyses and calculations that were used to develop stipulated savings values for program measures.


More Definitions of Stipulated Savings

Stipulated Savings means savings that are agreed upon prior to the project start and are carried forward as agreed upon savings thereafter.
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Related to Stipulated Savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Energy savings performance contract means a public contract between a contracting agency and a qualified energy service company for the identification, evaluation, recommendation, design and construction of energy conservation measures, including a design-build contract, that guarantee energy savings or performance.

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Resettlement Plan or “RP” means the resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • Deferred Sales Charge means the "deferred sales fee" as described in the Prospectus.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Certified Plan means all the terms and benefits (including any Supplement(s)) that form an insurance plan certified by the Government to be compliant with the requirements of the VHIS. This Certified Plan comprises these Terms and Conditions and the Benefit Schedule and the followings –

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • irregular expenditure means expenditure, other than unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation, including—

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Interim Compensation Order means the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals [D.I. 2066].

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.