Actual Reduction definition

Actual Reduction means, in respect of a Half Hour during a DR Period, Ramp- Down Period or Ramp-Up Period, the amount by which NZAS has reduced Consumption for that separate Half Hour, calculated as M – D, where: M = the lower of (i) the average of the Volume Consumed in each Half Hour during the Reference Period (expressed in MWh per Half Hour) or (ii) 286 MWh per Half Hour. D = the average of the Volume Consumed in that separate Half Hour during the DR Period, Ramp- Down Period or Ramp-Up Period.
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Actual Reduction has the meaning given to it in limb (b)(i) of the definition of Base Relevant Insurance Reduction;
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Actual Reduction means, in respect of a Calculation Period during a DR Period, Ramp-Down Period, Paused Period or Ramp-Up Period, 75% of the total amount by which NZAS has reduced Consumption for that Calculation Period, calculated as 0.75 x (M – D), where: M = the average of the Volume Consumed in each Calculation Period during the Reference Period (expressed in Units per Calculation Period) D = the Volume Consumed in the Calculation Period If (M – D) for a Calculation Period is a negative number, the Actual Reduction for the Calculation Period shall be deemed to be zero.
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Examples of Actual Reduction in a sentence

  • Notwithstanding any provision of the Program or the Plan to the contrary, the Committee may determine, in its sole discretion, to grant stock options representing a number of shares of Company Stock with a Black Scholes value equal to the Actual Reduction Amount, based on the current Fair Market Value of a share of Company Stock on the Date of Grant, in accordance with, and subject to, such terms and conditions as the Committee deems appropriate.

  • If Actual Reduction ≥ (50% * Reduction Target) AND < (Reduction Target), then Measure Score is equal to: (Actual Reduction - (50% * Reduction Target)) / (Reduction Target - (50% * Reduction Target)) For example, if the State achieves less than 50% of the Reduction Target, then the measure score will be equal to 0%.

  • Determination of the Total kWh of Actual Reduction: For SCE to determine how much load a customer actually reduced, SCE must know what the customer’s usage would have been before the power reduction (which the DBP tariff refers to as the customer-specific energy baseline or CSEB).

  • If Actual Reduction ≥ (50% * Reduction Target) AND < (Reduction Target), then Measure Score is equal to: (Actual Reduction - (50% * Reduction Target)) / (Reduction Target - (50% * Reduction Target))For example, if the State achieves less than 50% of the Reduction Target, then the measure score will be equal to 0%.

  • Actual Reduction in Consumption: The actual reduction in consumption will be calculated as the difference between the consumer’s total usage during each PTR event and the ECB calculated for each event.

  • Unless otherwise determined by the Administrator, the Stock Units to be cancelled shall be cancelled from each of the four quarterly grants in the proportion the Actual Reduction Amounts and Assigned Reduction Amounts used in determining such quarterly grant bore to the aggregate of the Actual Reduction Amounts and Assigned Reduction Amounts used in determining all grants of Stock Units over the full year.

  • A Participant’s Variable Compensation to be earned for each calendar year of participation shall be automatically reduced by the Actual Reduction Amount.

  • In no event will the Actual Reduction Amount for any Participant with respect to any calendar year exceed the amount of the Participant’s Variable Compensation for the applicable calendar year.

  • Each Participant shall be automatically granted Basic Units on the date the year end Variable Compensation would otherwise be paid to the Participant in cash (the “Date of Grant”), in a number equal to the Participant’s Actual Reduction Amount divided by the Fair Market Value of a share of Company Stock on such Date.

  • If Actual Reduction ≥ (50% * Reduction Target) AND < (Reduction Target), then Measure Score is equal to: (Actual Reduction - (50% * Reduction Target)) / ((Reduction Target - (50% * Reduction Target)) For example, if the State achieves less than 50% of the Reduction Target, then the measure score will be equal to 0%.


More Definitions of Actual Reduction

Actual Reduction means, in respect of a Calculation Period during a DR Period, the amount by which NZAS has reduced Consumption for that Calculation Period, calculated as M – D, where: M = the average of the Volume Consumed in each Calculation Period during the Reference Period. D = the average of the Volume Consumed in that Calculation Period. If (M – D) for a Calculation Period is a negative number, the Actual Reduction for the Calculation Period shall be deemed to be zero.
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Related to Actual Reduction

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Salary as defined in Section 3.1(a).

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Annual Salary means the salary given under this Part.