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Accrued Depreciation Sample Clauses

Accrued Depreciation. Accrued depreciation may be applied to any of the Utility’s major facilities, such as a building, pump station, power plant, etc. Accrued depreciation shall not apply to the Utility’s primary facilities, such as pipelines, conductors, poles, cable, conduit, etc. If any Utility facility does qualify for an adjustment due to accrued depreciation as defined in Program Guide: Utility Relocation and Accommodation on Federal Aid Highway Projects, the costs are calculated according to the formula in the Program Guide and the result is shown as a Utility cost in Exhibit B Cost Estimate.
Accrued Depreciation. Accrued depreciation is the difference between the replacement cost of the improvements on the effective date of the appraisal and the market value of the improvements on the same date. Depreciation is separated by three general causes including physical, functional, and economic or external. Physical Depreciation taken in this report is based on observed conditions at the time of inspection. Physical deterioration is due to normal wear and tear as a result of occupancy and weathering. The age/life method was used in estimating the physical depreciation of the building improvements. This method is estimated by dividing the remaining life of the improvements by the sum of the effective age and remaining life (known as the total physical life). The building have actual ages ranging from 16 to 19 years, the effective age of the entire building complex is estimated to be approximately years. The remaining physical life is estimated to be approximately forty-five years, assuming normal maintenance. Functional Functional obsolescence reflects the loss in value brought about by such factors as defects, deficiencies, or superadequacies that effect the structure from performing adequately the function for which it was (originally) intended. Generally, functional inadequacies are typical for older buildings and the market accepts them at a certain price level. The replacement cost method is meant to remove certain functional obsolescence relating to the overall design and construction methods, and as a result is most useful in estimating the value of newer buildings. Taking into consideration the subject's age, construction quality, design and layout, no functional obsolescence was charged to the building in the Cost Approach for the lack of adequate handicap facilities. Economic (External) Obsolescence It should be noted that gains or losses in value caused by externalities accrue to both land and buildings. Since the estimated value of the site used in the Cost Approach is its present market value as if vacant, any loss due to external causes is already included. In the Cost Approach, a loss in building value due to external causes is ascribed to external obsolescence. Economic obsolescence is stated as an impairment of desirability or useful life of a structure arising from external factors. Usually, economic obsolescence is comprised of many diverse and complex elements and can be somewhat difficult to estimate. No additional depreciation was charged as economic...
Accrued Depreciation. Accrued depreciation may be applied to any of the UTILITY’s major facilities, such as a building, pump station, power plant, etc. Accrued depreciation shall not apply to the UTILITY’s primary facilities, such as pipelines, conductors, poles, cable, conduit, etc. If any UTILITY facility does qualify for an adjustment due to accrued depreciation as defined in Program Guide, the costs are calculated according to the formula in the Program Guide and the result is shown as a cost that the UTILITY is responsible for (“Utility Cost”) in Exhibit D Cost Estimate, as referenced in Section 4.1 of this Agreement.

Related to Accrued Depreciation

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Accrued Liabilities On termination, the rights and liabilities of the Parties that have accrued before termination shall subsist.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • Accrued Benefits The term “Accrued Benefits” shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Accrued Amounts The Company shall pay to the Executive all other amounts accrued or earned by the Executive through the Termination Date and amounts otherwise owing under the then existing plans and policies of the Company, including but not limited to all amounts of compensation previously deferred by the Executive (together with any accrued interest thereon) and not yet paid by the Company, and any accrued vacation pay not yet paid by the Company.

  • Accrued Salary On the Separation Date, the Company will pay you all accrued salary earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.