Annual Ceiling definition

Annual Ceiling shall have the meaning set forth in section 2.3(c)(i) hereof.
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Annual Ceiling has the meaning given in item 16 of the Reference Details.
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Annual Ceiling has the meaning given in item 18 of the Reference Details.
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Examples of Annual Ceiling in a sentence

  • The “Annual Revenue Ceiling” in respect of a Financial Year is calculated as follows: where: ARCFY = the Annual Revenue Ceiling for the Financial Year; ∑NQTI = the sum of the Notional Quantity for all Trading Intervals in the Financial Year calculated in accordance with item 3.9 (“Calculation of Notional Quantity”); and ACFY = the Annual Ceiling for the Financial Year applicable to the Financial Year.

  • Defined contribution retirement planThis plan, the management of which was entrusted to an external insurance company, provides for a contribution of 8% of the eligible beneficiaries’ compensation, capped at 8 PASS (8 times the amount of the Social Security Annual Ceiling), paid into jointly by the beneficiary for 3%, and your company for 5%; the vested rights, where applicable, being deducted from the guaranteed retirement caps under the group defined benefit plan.

  • Annual Energy Usage (kWh) Motor Table 11 Annual Ceiling Fan Energy Usage by UtilityTable 12 presents the energy usage estimates by utility costing season and costing periods.

  • Where any of paragraphs (a) and (c) of the definition of Support Year apply, the Annual Floor and Annual Ceiling will be adjusted proportionally, having regard to the number of days in the relevant partial year as a percentage of the total number of days in a full calendar year.

  • Annual Ceiling Amount of particular employee is changed in case of promotion in the basis of effective date of promotion.

  • Clause 11.1 of the Guidelines) Ans: Annual Ceiling on incentive payable to each applicant will be determined based on Financial Outlay as indicated in Para 8.1 of the Scheme and number of eligible applicants in each of the target segments.

  • Salary Level % of Costs of Selected Plan Annual Ceiling of Contributions $25,001-$30,000 25% $ 400 $30,001-$35,000 35% $ 650 $35,000-$40,000 45% $ 900 $40,001-$45,000 55% $1,250 $45,001-$50,000 65% $1,500 $50,001 + 75% $1,750 e.

  • No adjustment to amounts and payment cap Notwithstanding any other provision of this agreement, no adjustment will be made to the Annual Floor, Annual Ceiling or Annual Payment Cap for, or as a result of, the commencement or cessation of any Green Product Scheme.

  • Dispute resolution If the parties fail to agree the required adjustment to the Annual Floor, Annual Ceiling or Annual Payment Cap under clause 21.4 (“Adjustment to amounts and payment cap”) by the later of the date that is: 60 Business Days after receipt of the notice under clause 21.3 (“Notice”); and 120 Business Days after the commencement of the relevant Change in Law, then either party may refer the Dispute to an Independent Expert for determination under clause 27.6 (“Independent Expert”).

  • Adjustment to amounts and payment cap If Project Operator gives notice to the Commonwealth in accordance with clause 21.3 (“Notice”), then the parties will negotiate in good faith an adjustment to the Annual Floor, Annual Ceiling and/or Annual Payment Cap that the parties consider is required to pass through 50% of the Relevant Cost Change to the Commonwealth in accordance with the Cost Change Principles.

Related to Annual Ceiling

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Annual Cap means for any calendar year an amount equal to fifteen percent (15%) of the outstanding principal amount of A Bonds as of January 1 of such calendar year. The Company has the right to reserve up to one-third of this fifteen percent (15%) limit for Bonds redeemed as a result of a Bondholder’s right upon death, disability or bankruptcy as described in the Indenture.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Ceiling means the height above the ground or water of the base of the lowest layer of cloud below 6 000 m (20 000 ft) covering more than half the sky;

  • Annual Caps The annual caps for the transactions under the New Procurement Agreement for each of the three years ending 31 December 2016 are RMB3,000,000, RMB3,800,000 and RMB4,500,000. Such annual caps are determined based on (i) the historical transaction value of the fabric products purchased by Haosha Industry from Haosha Garments; (ii) the prevailing market price of similar products; and (iii) the expected increase in demand for such products by Haosha Industry in the coming three years.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • Limitation Year means the Plan Year.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • 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.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Maximum allowable residential density means the density allowed under the zoning ordinance and land use element of the general plan, or if a range of density is permitted, means the maximum allowable density for the specific zoning range and land use element of the general plan applicable to the project. Where the density allowed under the zoning ordinance is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail.

  • Average final compensation means the average annual creditable compensation of a member during

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • 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 Period Income Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Monthly Minimum Removal Efficiency means the minimum reduction in the pollutant parameter specified when the effluent average monthly concentration for that parameter is compared to the influent average monthly concentration.

  • Annual Salary means the salary given under this Part.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Final average salary means whichever of the following is greater: