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Definition of SME Sample Clauses

Definition of SME. A SME will be considered as such if it complies with the Commission Recommendation 2003/361/EC. As a summary, the criteria which define a SME are: • Headcount in Annual Work Unit (AWU) less than 250; AND • Annual turnover less or equal to 50 million € OR annual balance sheet total less or equal to 43 million €. Note that the figures of partner and linked enterprises should also be considered as stated in the SME user guide. Start-ups are included in this category if they are incorporated.
Definition of SME. A SME will be considered as such if it complies with the Commission Recommendation 2003/361/EC. As a summary, the criteria which define a SME are: • Headcount in Annual Work Unit (AWU) less than 250; • Annual turnover less or equal to €50 million OR annual balance sheet total less or equal to €43 million. Note that the figures of partner and linked enterprises should also be considered as stated in the SME user guide. Scaleups are included in this category if they are incorporated. The last criterion is reviewed once the company is selected to join the program, so, individuals can apply if they establish the company once they are selected to join the acceleration program (and before the acceleration program starts)

Related to Definition of SME

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Cause For all purposes under this Agreement, “Cause” shall mean any of the following:

  • Definition of Sick Leave Sick leave means the period of time an Employee is absent from work because of disability due to illness or injury not covered by Workers’ Compensation.

  • Definition of Layoff A layoff shall be defined as a reduction in the work force or a reduction in the regular hours of work as defined in this Agreement.

  • Definition of Seniority Seniority shall consist of the length of service from the date of hire. All seniority must be continuous and uninterrupted except as otherwise provided in this agreement. Bargaining unit seniority shall be defined as the amount of time an employee has accrued while represented by the Wausau Professional Police Association. Officers not represented by the bargaining unit shall be allowed to return to the bargaining unit with their full bargaining unit seniority, including length of service outside of the unit, if their return is caused by the elimination of their position.

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Definition of Vacancy A vacancy shall be defined as a newly created position or a present position that is not filled. A position that is totally eliminated shall not be considered a vacancy.

  • DEFINITIONS 1 SECTION 1.1 “Affiliate” 1 SECTION 1.2 “Agent” 1 SECTION 1.3 “American Depositary Share(s)” and “ADS(s)” 2 SECTION 1.4 “Article” 2 SECTION 1.5 “Articles of Association” 2 SECTION 1.6 “ADS Record Date” 2 SECTION 1.7 “Beneficial Owner” 2 SECTION 1.8 “Business Day” 2 SECTION 1.9 “Commission” 2 SECTION 1.10 “Company” 2 SECTION 1.11 “Corporate Trust Office” 2 SECTION 1.12 “Custodian” 2

  • GENERAL DEFINITION OF PRODUCTS Item 1: Cafeteria Furniture • Mobile tables on rollers with or without benches or stools. • Round and rectangular cafeteria tables without benches or stools. • Metal, wood, or wood clad metal wardrobes, beds and mattresses, night stands, chest of drawers, and single pedestal dormitory student desks with keyboard or center drawers.

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean: