Accrual Computation Period definition

Accrual Computation Period means the Plan Year.
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Accrual Computation Period. ACCRUAL COMPUTATION PERIOD" shall mean the Plan Year except as otherwise elected in the applicable Adoption Agreement.
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Accrual Computation Period means the twelve (12) month period corresponding to the Plan Year.
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Examples of Accrual Computation Period in a sentence

  • Compensation shall be determined over the Accrual Computation Period elected in Section A.1.1.

  • The Accrual Computation Period beginning in 1992 shall be the partial year from the Employee’s Employment Commencement Date or Reemployment Commencement Date or anniversary thereof (whichever applies) to December 31, 1992.

  • If any entity constituting Employer is unable to contribute all, or a portion, of its required contribution for any Accrual Computation Period because it lacks sufficient Net Income from which to pay the contribution, the contribution shall be made by the other entities constituting Employer (which are part of an affiliated group, as defined in Section 1504 of the Code, with that entity) to the extent provided in the applicable provisions of this Section.

  • Any Participant in the above listed Plans who completed 200 Hours of Service multiplied by the number of months in the short Accrual Computation Period divided by twelve received his proportionate share of Employer Contributions during the short Accrual Computation Period set forth above.

  • Furthermore, Manning (2003) popularized the view that labor markets should be regarded as imperfectly competitive and are characterized by certain degrees of monopsony power.

  • This provision shall not be construed as requiring Employer to make contributions in (or with respect to) any Accrual Computation Period, whether or not there exists Net Income from which such contributions could be made.

  • An Employee incurs an Accrual Break in Service on the last day of an Accrual Computation Period in which he has an Accrual Break in Service.Accrual Computation Period means, prior to January 1, 1992, a 12-consecutive month period beginning on an Employee’s Employment Commencement Date or Reemployment Commencement Date (whichever applies) and on each anniversary thereof.

  • The Accrual Computation Period is the (check one): [ X ] (A) Plan Year [ ] (B)(A consecutive 12-month period ending with or within the Plan Year.) Enter the day and the month this period begins: [ ](day) [ ](month).

  • Words and phrases defined in the DEFINITIONS SECTION of Article I shall have that defined meaning when used in this Plan, unless the context clearly indicates otherwise.These words and phrases will have an initial capital letter to aid in identifying them as defined terms.SECTION 1.02—DEFINITIONS.Accrual Break in Service means an Accrual Computation Period in which an Employee is credited with 500 or fewer Hours-of-Service.

  • The Accrual Computation Period is the (check one): [ X ] (A) Plan Year [ ] (B) (A consecutive 12-month period ending with or within the Plan Year.) Enter the day and the month this period begins: [ ](day) [ ](month).


More Definitions of Accrual Computation Period

Accrual Computation Period means a Plan Year or a comparable period prior to the Effective Date of the Plan.
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Accrual Computation Period means the twelve (12) month period corresponding to the Plan Year. The Accrual Computation Period which begins on December 1, 1997 shall end on December 31, 1997.
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Accrual Computation Period means the Computation Period ---------------------------- measured by the Plan Year. Years of Credited Service and One-Year Breaks in Service for benefit accruals shall be measured by the Accrual Computation Period.
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Accrual Computation Period means a Plan Year.
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Related to Accrual Computation Period

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Computation Date is defined in Section 2.04.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Accrual Termination Date Not applicable.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Interest Accrual Basis The basis on which interest accrues in respect of any Mortgage Loan, any REMIC I Regular Interest, any REMIC II Regular Interest, any Regular Certificate, any of the Class A-S, Class B and Class C Certificates, any of the Class A-S Regular Interest, Class B Regular Interest and Class C Regular Interest or any particular REMIC III Component of a Class of Interest Only Certificates, in each case consisting of one of the following: (i) a 30/360 Basis; or (ii) an Actual/360 Basis.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Accrual basis means that basis of accounting under which costs and benefits are regarded as applicable to the period in which the liability for the cost is incurred or the right to the benefit arises, regardless of when invoiced, paid, or received.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Accrual Balance means the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 as amended by Statement of Financial Accounting Standards Number 106 and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied.

  • Accrual Date With respect to any Series or Class of Certificates, the date upon which interest begins accruing on the Certificates of such Series or Class, which shall be specified in the related Pooling and Servicing Agreement.

  • Adjusted Actual/360 Accrued Interest Amount with respect to any REMIC I Regular Interest referred to in clause (B) of the second sentence of the prior paragraph, for any Interest Accrual Period, is an amount of interest equal to the product of (a) the Net Mortgage Rate then in effect (including as a result of any step-up provision) for the related Mortgage Loan under the original terms of such Mortgage Loan in effect as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such Mortgage Loan subsequent to the Closing Date, whether entered into by the Master Servicer or the Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower), multiplied by (b) a fraction, the numerator of which is the number of days in such Interest Accrual Period, and the denominator of which is 360, multiplied by (c) the Uncertificated Principal Balance of such REMIC I Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period; provided that, if the subject Interest Accrual Period occurs during (x) December of any year that does not immediately precede a leap year or (y) January of any year, then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be decreased by the Interest Reserve Amount, if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.04(c), from the Distribution Account to the Interest Reserve Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period; and provided, further, that, if the subject Interest Accrual Period occurs during February of any year (or during any December or January preceding the month of the Final Distribution Date), then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be increased by the Interest Reserve Amount(s), if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.05(c), from the Interest Reserve Account to the Distribution Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period.

  • Final Average Pay means, for purposes of Section 5 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year in which Employee Retires, and for purposes of determining death benefits under Section 6 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year containing Employee's date of death. The foregoing notwithstanding, any calendar year in which Employee has no Compensation from the Corporation shall be ignored in determining such ten calendar year period.

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 2022-2) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;