Annual Percentage definition
Annual Percentage for each Determination Year means a fraction (expressed as a percentage), the numerator of which is the EIP award earned by the Executive for such Determination Year, and the denominator of which is the annual value of the normal payment under the EIP for the Executive's salary level (such annual value and normal payment being those that were in effect under the EIP for such Determination Year for the Executive's salary level for such Determination Year). For purposes of this paragraph (d), a "Determination Year" means each of the last three EIP plan years ending before the date on which the Change in Control occurs (or, if less, the number of those three plan years during which the Executive was a participant in the EIP);
Annual Percentage for each Determination Year means a fraction (expressed as a percentage), the numerator of which is the EIP award earned by the Executive for such Determination Year, and the denominator of which is the annual value of the normal payment under the EIP for the Executive's salary level (such annual value and normal payment being those that were in effect under the EIP for such Determination Year for the Executive's salary level for such Determination Year). For purposes of this paragraph (B), a "Determination Year" means each of the last three EIP plan years ending before the date on which the Qualifying Termination occurs (or, if less, the number of those three plan years during which the Executive was a participant in the EIP).
Annual Percentage. Rate or APR shall mean, as to any Contract and at any time, the contractual rate of interest then being borne by such Contract, as determined therein.
Examples of Annual Percentage in a sentence
Loans such as these should be avoided as Lenders will charge maximum rates, as the APR (Annual Percentage Rate) can easily go over 200%.
Each Receivable allows for prepayment and partial prepayments without penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the Receivable’s Annual Percentage Rate.
Such Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.
We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account.
Each Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.
More Definitions of Annual Percentage
Annual Percentage means the percentage so designated on the signature page hereof.
Annual Percentage means, for each Executive, for each Year, the percentage set forth in column two of the table in Section 2.02(a).
Annual Percentage means the percentage so designated in the Award Certificate of the Grantee.
Annual Percentage for each Determination Year means--
(i) for Determination Years before 2000, one-half of a fraction (expressed as a percentage), the numerator of which is the GTE Executive Income Plan ("EIP") award earned by the Participant for such Determination Year, and the denominator of which is the annual value of the normal payment under the EIP for the Participant's salary level (such annual value and normal payment being those that were in effect under the EIP for such Determination Year for the Participant's salary level for such Determination Year);
(ii) for Determination Years after 2000, a fraction (expressed as a percentage), the numerator of which is the actual short-term bonus earned by the Participant for such Determination Year, and the denominator of which is the maximum short-term bonus opportunity for the Participant's salary level for such Determination Year; or
(iii) for the 2000 Determination Year, a percentage equal to one-half of the sum of--
(a) one-half of a fraction (expressed as a percentage), the numerator of which is the EIP award earned by the Participant for the first six months of the 2000 Determination Year, and the denominator of which is the value of the normal payment under the EIP for the Participant's salary level (such value and normal payment being those that were in effect under the EIP for the first six months of the 2000 Determination Year for the Participant's salary level for the first six months of the 2000 Determination Year); and
(b) a fraction (expressed as a percentage), the numerator of which is the actual short-term bonus earned by the Participant for the portion of the 2000 Determination Year occurring after June 30, 2000, and the denominator of which is the maximum short-term bonus opportunity for the Participant's salary level for the portion of the 2000 Determination Year occurring after June 30, 2000. Notwithstanding the service credit granted under paragraph (1) of this Section 6.01(b) and the compensation recognized under paragraph (2) of this Section 6.01(b), nothing in this Section 6.01(b) shall prevent the Participant from receiving any benefits to which the Participant is entitled under any defined benefit or defined contribution pension plan maintained by the Company, including the SERP (as such benefits are modified by this Section 6.01(b)) in any form permitted by such plans (including but not limited to a lump-sum distribution) immediately following the Participant's termination of employment. To the ex...
Annual Percentage means the annual percentage in effect from time to time as set forth in the following table: First Payment Year 90% Second Payment Year 80% Third Payment Year 65% Fourth Payment Year 50% Fifth Payment Year 40% Sixth through Tenth Payment Years 30% The City agrees to certify to the Company by no later than October 15 of each year, commencing October 15 of the year in which the Triggering Certification is filed, an amount (the “TIF Estimate”) equal to the Annual Percentage of the estimated Incremental Property Tax Revenues (as hereinafter defined) anticipated to be paid in the fiscal year immediately following such certification with respect to the taxable valuation of the Property. In submitting each such TIF Estimate, the City will complete and submit the worksheet attached hereto as Exhibit D. The City agrees that the Company will have right to review each such TIF Estimate and request revisions thereto. For purposes of this Agreement, Incremental Property Tax Revenues are calculated by:
Annual Percentage. RATE OR APR shall mean as to any Contract and any time, the contractual rate of interest then being borne by such Contract, as determined therein.
Annual Percentage means the annual percentage in effect from time to time as set forth in the following table: First Payment Year 90% Second Payment Year 80% Third Payment Year 65% Fourth Payment Year 50% Fifth Payment Year 40% Sixth through Tenth Payment Years 30% The City agrees to certify to the Company by no later than October 15 of each year, commencing October 15 of the year in which the Triggering Certification is filed, an amount (the “TIF Estimate”) equal to the Annual Percentage of the estimated Incremental Property Tax Revenues (as hereinafter defined) anticipated to be paid in the fiscal year immediately following such certification with respect to the taxable valuation of the Property. In submitting each such TIF Estimate, the City will complete and submit the worksheet attached hereto as Exhibit D. The City agrees that the Company will have right to review each such TIF Estimate and request revisions thereto. For purposes of this Agreement, Incremental Property Tax Revenues are calculated by: (1) determining the consolidated property tax levy (city, county, school, etc.) then in effect with respect to taxation of the Property; (2) subtracting (a) the debt service levies of all taxing jurisdictions, (b) the school district instructional support and physical plant and equipment levies and (c) any other levies which may be exempted from such calculation by action of the Iowa General Assembly; (3) multiplying the resulting modified consolidated levy rate times any incremental growth in the taxable valuation of the Property, as shown on the property tax rolls of Marshall County, above and beyond the Base Valuation; and (4) deducting any property tax credits which shall be available with respect to the Property.