Applicable Guidance Sample Clauses

Applicable Guidance. The following guidance is applicable to the HIARB. Guidance issued by the Department of Finance • Managing Public Money NI • Public Bodies – A Guide for NI Departments • Corporate Governance in central government departments – code of good practice • DoF Risk Management Framework • HMT Orange Book • Public Sector Internal Audit Standards • Accounting Officer Handbook – HMT Regularity, Propriety and Value for Money • Dear Accounting Officer Letters • Dear Finance Director Letters • Dear Consolidation Officer and Dear Consolidation Manager Letters • The Consolidation Officer Letter of Appointment • Government Financial Reporting Manual (FReM) • Guidance for preparation and publication of annual report and accounts • Procurement Guidance Other Guidance and Best Practice • Specific guidance issued by the Department • TEO Expenditure Approval Guidance CG01/22 • The Executive Office (TEO) Whistleblowing Policy and Procedures • Compensation Guidance • Recommendations made by the NI Audit Office/NI Assembly Public Accounts Committee • NIAO Good Practice Guides • Guidance issued by the Executive’s Asset Management Unit • NI Public Services Ombudsman guidance • NICS Fraud Policy and Prevention Plan Annex 7 – Role of the Ministers Role of the Ministers The President of HIARB under Schedule 1(5) of the Act, has responsibility for ensuring the efficient and effective discharge of the HIARB’s functions. The HIARB is operationally independent of both Ministers and TEO. Communication between the HIARB and the Ministers should normally be through the President of the HIARB. XXX AO is responsible for advising the relevant Ministers on a number of issues including the HIARB objectives and targets, budgets and performance. In addition to being answerable to the Assembly as laid out in paragraph 2.4, the Ministers are also responsible for setting the HIARB’s budget. Annex 8 – Role of the Accounting Officers Roles and Responsibilities of the Accounting Officer in XXX and the Accounting Officer in DoJ Overview of Responsibilities
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Applicable Guidance. The Company’s assets shall be valued at their fair value (i.e., an exit price) in accordance with the terms of ASC 820 and the 1940 Act.1 ASC 820 defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. However, the objective of a fair value measurement in both cases is the same – to estimate the price when an orderly transaction to sell the asset or transfer the liability would take place between market participants at the measurement date under current market conditions (that is, an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). ASC 820 establishes a hierarchal disclosure framework which ranks the observability of inputs used in measuring financial instruments at fair value. The observability of inputs is impacted by a number of factors, including the type of financial instruments and their specific characteristics. Financial instruments with readily available quoted prices, or for which fair value can be measured from quoted prices in active markets, generally will have a higher degree of market price observability and a lesser degree of judgment applied in determining fair value. The three-level hierarchy for fair value measurement is defined as follows:
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Applicable Guidance. The Employer may terminate and liquidate the Plan under such other circumstances as Applicable Guidance may permit. Landstar System, Inc. Supplemental Executive Retirement Plan
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Applicable Guidance. The Employer may terminate the Plan under such other circumstances as Applicable Guidance may permit.
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Applicable Guidance. The Committee may terminate the Plan under such other circumstances as Applicable Guidance may permit.
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Related to Applicable Guidance

  • Code Section 409A Compliance (a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended, and applicable guidance thereunder (“Code Section 409A”) or comply with an exemption from the application of Code Section 409A and, accordingly, all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section 409A.

  • Code Section 409A This Agreement shall be interpreted to avoid any penalty sanctions under Section 409A of the Code and the final regulations and any guidance promulgated thereunder (“Section 409A”). If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under Section 409A, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this Agreement may be made only upon a “separation of service” under Section 409A. Notwithstanding anything to the contrary in this Agreement, if at the time of Executive’s termination of employment, Executive is a “specified employee” within the meaning of Section 409A, and the deferral of the commencement of any severance payments or benefits otherwise payable pursuant to this Agreement as a result of such termination of employment is necessary in order to prevent any accelerated income recognition or additional tax under Section 409A(a)(1), then the Company will not commence any payment of any such severance payments or benefits otherwise required hereunder (but without any reduction in such payments or benefits ultimately paid or provided to Executive) that (a) will not and may not under any circumstances, regardless of when such termination occurs, be paid in full by March 15 of the year following Executive’s termination (or two and one half (2 1⁄2) months after the close of the Company’s fiscal year, if later), and (b) are in excess of the lesser of (i) two (2) times Executive’s then annual compensation or (ii) two (2) times the limit on compensation set forth in Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated and will not be paid by the end of the second calendar year following the year in which the termination occurs, until the first payroll date that occurs after the date that is six (6) months following Executive’s “separation of service” with the Company (as defined under Code Section 409A). If any payments are delayed due to such requirements, such amounts will be paid in a lump sum to Executive on the earliest of (x) Executive’s death following the date of Executive’s termination of employment with the Company or (y) the first payroll date that occurs after the date that is six (6) months following Executive’s “separation of service” with the Company. For these purposes, each severance payment or benefit is designated as a separate payment or benefit and will not collectively be treated as a single payment or benefit. This provision is intended to comply with the requirements of Code Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Company and Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to Executive under Section 409A. Notwithstanding anything to the contrary set forth in this Agreement, to the extent that any amendment to this Agreement with respect to the payment of any severance payments or benefits would constitute under Section 409A a delay or acceleration in a payment or a change in the form of payment, then such amendment must be done in a manner that complies with Section 409A(a)(4)(C).

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