Calculation of Earnings for Annual Earnings Report Sample Clauses

Calculation of Earnings for Annual Earnings Report. The Company shall show the calculation of the regulatory earned return on distribution rate base and the earned return on distribution common equity, in three ways: i. Actual Earnings for the applicable calendar year; ii. Base Earnings for the applicable calendar year; and iii. ESM Earnings for the applicable calendar year.
Sample 1
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Calculation of Earnings for Annual Earnings Report. The Company shall show the calculation of the regulatory earned return on distribution rate base and the earned return on distribution common equity, in two ways: i. Earnings including all Performance Incentives (as hereinafter defined below) earned for the applicable calendar year (Actual Total Earnings); and ii. Earnings excluding all Performance Incentives earned for the applicable calendar year (Base Earnings). The Base Earnings calculation also shall exclude any financial penalties incurred by Narragansett Gas that may have been assessed by the PUC or the Division and recorded during the calendar year, and the report shall disclose those excluded amounts separately. For purposes of this Section, the term “Performance Incentives” refers to each of the following incentives: i. Energy Efficiency Program (EEP) incentive; ii. The Company’s share of any incentive earned pursuant to the Natural Gas Portfolio Management Plan recorded during the calendar year; iii. The Company’s share of any incentive earned or penalties incurred pursuant to the Gas Procurement Incentive Plan recorded during the calendar year; and iv. Any other performance incentive that may be approved by the PUC in a future proceeding that was earned and recorded by Narragansett Gas for performance applicable to the calendar year, unless the PUC determines at the time of approval that any such future incentive should be included in the calculation of Base Earnings. For informational purposes, the Company shall include a separate calculation of the basis point value on the earned return on distribution common equity resulting from and for each of the individual Performance Incentives.
Sample 1

Related to Calculation of Earnings for Annual Earnings Report

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • STATEMENT OF EARNINGS AND PROFITS As promptly as practicable, but in any case within sixty days after the Closing Date, the Acquired Fund shall furnish the Acquiring Fund, in such form as is reasonably satisfactory to the Acquiring Fund, a statement of the earnings and profits of the Acquired Fund for federal income tax purposes that will be carried over by the Acquiring Fund as a result of Section 381 of the Code, and which will be certified by the Trust's Treasurer.

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Vacation Earnings for Partial Years (1) During the first partial year of service a new employee will earn vacation at the rate of three and two-thirds (32/3) days for each month for which the employee earns ten (10) days pay. (2) Subject to Clause 17.8, any unused vacation earned during the first (1st) partial year will be paid to the employee at December 31st of that year. (b) During the first (1st) and subsequent vacation years an employee will earn one-twelfth (1/12) of the annual entitlement for each month in which the employee has received at least ten (10) days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Sharing of Earnings The Borrower shall procure that no Owner shall: (a) enter into any agreement or arrangement for the sharing of any Earnings; (b) enter into any agreement or arrangement for the postponement of any date on which any Earnings are due; the reduction of the amount of any Earnings or otherwise for the release or adverse alteration of any right of that Owner to any Earnings; or (c) enter into any agreement or arrangement for the release of, or adverse alteration to, any guarantee or Security Interest relating to any Earnings.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

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