Annualization. Effective July 1, 2013, an employee who works less than twelve (12) months per year shall have all vacation annualized in his/her pay. Notwithstanding, employees who have a pre-existing vacation accrual balance as of July 1, 2013 shall be exempt from annualization.
Annualization. Annualization is the process whereby an employee's term of appointment shall be extended for a period of twelve (12) months. To be eligible for annualization a short-term employee must have worked four (4) consecutive semesters in a two (2) year period, excluding spring/summer semesters and have received satisfactory comprehensive evaluations. Upon completion of the annualization period defined above and, if the funding and similar work continues, employees will be offered a twelve (12) month annualized short-term appointment. The appointment will be based on the amount of work available. A short-term employee who is filling a replacement position for another employee is eligible for annualization rather than regularization. Employees who are offered such an annualized appointment will not be eligible for the layoff notice or severance provisions of Article 5. An employee who has been annualized for two years will, where further work is available in the third year, be offered a regularized appointment. The appointment will be based on the average of the annualized work performed during the previous two years.
Annualization. To qualify for annualized contracts, an instructor’s annual workload must be 25% or more. Current faculty members listed in Appendix A of this agreement whose annual workload is less than 25% will be offered a short-term appointment contract.
Annualization. All measure savings for the year of implementation will be annualized, with the exception of Residential Behavior which will continue as laid out in the Illinois Technical Reference Manual.
Annualization. For purposes of measuring the Consolidated Fixed Charge Coverage Ratio on any date on or prior to the last day of the fiscal quarter of the Parent ending closest to June 30, 2009, the term Consolidated Fixed Charges (including the embedded term Consolidated Interest Charges) shall be measured as follows:
(a) for any measurement date prior to the last day of the fiscal quarter of the Parent ending closest to December 31, 2008, such terms shall be measured by multiplying the amount of such term for the one fiscal quarter of the Parent and its Subsidiaries ended closest to September 30, 2008 times four;
(b) for any measurement date from and including the last day of the fiscal quarter of the Parent ending closest to December 31, 2008 through the day prior to the last day of the fiscal quarter of the Parent ending closest to March 31, 2009, such terms shall be measured by multiplying the amount of such term for the two fiscal quarters of the Parent and its Subsidiaries ended closest to December 31, 2008 times two; and
(c) for any measurement date from and including the last day of the fiscal quarter of the Parent ending closest to March 31, 2009 through the day prior to the last day of the fiscal quarter of the Parent ending closest to June 30, 2009, such terms shall be measured by multiplying the amount of such term for the three fiscal quarters of the Parent and its Subsidiaries ended closest to March 31, 2009 times four-thirds.
Annualization. The Company may, at its option, pay first year annualized commissions on the following basis:
(a) When a policy is put inforce on the records of the Company and the first premium has been paid, the Company shall calculate the first year commission according to Section 1
(a) assuming the full annual premium for the first policy year has been paid, and pay such commission to the Broker (provided, however, that total annualized commissions on all policies on the same life shall not exceed $5,000).
(b) In the event that any policy goes out of force, according to the records of the Company, before the full annual premium for the first policy year has been paid, the Broker shall refund immediately to the Company the first year commission arising from such part of the first full annual premium as has not been paid. Immediate non‐ repayment of any outstanding commission amount is a debt to the Company and is subject to the debt recovery procedures as stated in the Compensation Manual.
(c) In the event of the termination of your Broker Agreement, any excess of the annualized first year commissions paid under this Section over the total amount of the first year commissions which would have been paid as earned under Section 1(a) shall immediately become payable by the Broker to the Company. Immediate non‐repayment of any outstanding commission amount is a debt to the Company and is subject to the debt recovery procedures as outlined in the Compensation Manual.
(d) The Company may decline to annualize commissions in respect of any particular policy or policies, and may at any time discontinue in whole or part the practice of annualizing commissions.
Annualization. If the period is the one quarter ending June 30, 2002, the amount in line 1(a)(xiii) times 4: $______________
Annualization. For purposes of calculating compliance with Section 7.11 or determining the Leverage-Based Applicable Rate (as defined in the definition of Applicable Rate) in each case at any time prior to the delivery of financial statements pursuant to Section 6.02(b) for the quarter ended March 31, 2015, (i) the relevant four consecutive fiscal quarter period shall be determined on an annualized basis reasonably acceptable to the Administrative Agent with the first fiscal quarter being the fiscal quarter ended June 30, 2014 and (ii) any Calculation Period used in determining such compliance or ratio prior to March 31, 2015 shall be a reference to such annualized period.
Annualization. Upon the request of the Administrative Agent, the Borrower shall take all commercially reasonably steps to enter into amendments to the Loan Documents that provide for the annualization of certain financial covenants set forth in Article V and the related financial definitions.
Annualization. Savings will be annualized in accordance with ComEd’s Plan 5 Stipulation.2
