Benchmark Year definition

Benchmark Year means each calendar year immediately preceding the corresponding Measurement Period. To illustrate, the first Benchmark Year is January 1, 2016 through December 31, 2016 (corresponding to the first Measurement Period of January 1, 2017 through December 31, 2021) and the second Benchmark Year is January 1, 2017 through December 31, 2017 (corresponding to the second Measurement Period of January 1, 2018 through December 31, 2022).
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Benchmark Year means the calendar year prior to the calendar year in which vesting of Points is being assessed pursuant to Section 6.2. For purposes of determining whether the Equity Value for a particular Benchmark Year is less than the highest Equity Value for any Benchmark Year, calendar year 2011 shall be treated as the first Benchmark Year.
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Benchmark Year means the twelve (12) Fiscal Month period beginning with the Fiscal Month in which the Third Closing Date occurs.
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Examples of Benchmark Year in a sentence

  • Notwithstanding the provisions of Section 6.1, except as provided in Section 7.3 and Article 8, vesting of Points with respect to a particular Performance Period shall be deferred in any year where the Equity Value as of the most recent Benchmark Year falls below the highest Equity Value determined for any Benchmark Year.

  • Eurostat, (1977) Comparisons in Real Values of the Aggregates of ESA, 1975, Statistical Office of the European Communities, Luxembourg, Eurostat-OECD, (2004) Purchasing Power Parities and Real Expenditures, 2002 Benchmark Year, Statistical Office of the European Communities, Luxembourg, Organisation for Economic Co-operation and Development, Paris.

  • For further details see sections III and IV of National Accounts of OECD countries, Volume 1, 1989- 2000, OECD 2002 and Purchasing Power Parities and Real Expenditures – 1999 Benchmark Year, OECD 2002.

  • Any such deferred Points shall vest on the March 31 following the Benchmark Year in which the Equity Value exceeds the highest Equity Value attained for any Benchmark Year and payment shall be made within 60 days of the vesting date.

  • As such, Regulation 8 (4) states that no use of land in a residential zone shall be dangerous, obnoxious, toxic or cause offensive odours or conditions or otherwise create a nuisance or annoyance to others.

  • CBC's radio and television programming…Year 2011-2012 Benchmark Year 2010-2011 Average Scores (/10)Average Scores (/10)is informative7.97.8is enlightening7.57.4is entertaining7.47.2is available on new platforms8.28.2 Metric definition: Average score is the average of the scores given by all respondents on a 10 point scale.

  • The City Council may deem a severe fiscal emergency to exist in the event that the City's annual actual unrestricted general purpose revenues for a given fiscal year decrease by twenty percent (20%) or more from the level of such revenues during the Benchmark Year, and it may deem the severe fiscal emergency to continue until the City's annual actual unrestricted general purpose revenues are no longer twenty percent (20%) less than the level of such revenues during the Benchmark Year.

  • For purposes of determining Licensee’s compliance with Section 2.1.3 of the Agreement for the Measurement Period that includes calendar years 2021 through 2025, the Parties agree that the Gross Revenue of the Pizza Hut Brand Restaurant Business for the Benchmark Year of 2020 shall be the average of the Gross Revenue such Brand Restaurant Business in each of 2019 and 2021.

  • If the Benchmark Year is not achieved within 14 years following the fiscal year in which the project is completed, the SIF loan is forgiven.

  • Percentage of total return of The Fund compared to the benchmark: Period- Percentage of total annual return for the past ten years compared to the Benchmark: Year- Fund reports are available through The Fund Manager’s website: www.alahlicapital.com2) Fees, Charges and ExpensesManagement Fees: The Fund Manager will charge an annual management fee of 1.85% of the Net Asset Value of the Fund calculated proportionally on each Valuation Day and deducted monthly.


More Definitions of Benchmark Year

Benchmark Year means (i) the period from the Closing Date to the first anniversary of the Closing Date, and (ii) each subsequent one-year period, provided that the outstanding balance of Pool Receivables and the Dilution Ratio-Broadcasting, Dilution Ratio-Publishing, Default Ratio, Delinquency Ratio, DSO-Broadcasting and DSO-Publishing as of the start of any Benchmark Year shall be deemed to be such balance or ratio as shown in the Monthly Report delivered immediately prior to the beginning of such Benchmark Year.
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Benchmark Year means the Recipient Fiscal Year following the Recipient Fiscal Year which includes the Project Completion Date. "Benefits Commitments" means those activities described in Subsection 6.1 of this Agreement that will generate benefits to Canada. "Benefits Phase" means the period from the day after the Project Completion Date to and including the last day of the Term. "CAP" will be calculated as follows. (a) (b) "Change in Control" of the Recipient means: (a) if the Recipient is a public company, the acquisition by an individual or company (or two or more of them acting in concert), excluding Current Shareholders, that results in its or their direct or indirect beneficial ownership of or more of outstanding shares of voting stock of the Recipient. For greater clarity, this shall not apply to an acquisition of voting stock made by the ■ • I I • • I I I • whose shareholdings prior to such acquisition is already near of the outstanding voting stock of the Recipient; or (b) if the Recipient is a private company, the acquisition by an individual or company ( or two or more of them acting i s in its or their direct orI I I • l I • • indirect beneficial ownership of r more of the voting stock in• the Recipient; or ( c) if the Recipient enters into a binding obligation to sell, sells or otherwise disposes of all or substantially all of its assets. 3 Certain information in this document has been omitted from this exhibit because it is (i) not material (ii) would be competitively harmful if publicly disclosed and (iii) private or confidential.
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Benchmark Year means the Recipient Fiscal Year following the Recipient Fiscal Year which includes the Project Completion Date. "Benefits Commitments" means those activities described in Subsection 6.1 of this Agreement that will generate benefits to Canada. "Benefits Phase" means the period from the day after the Project Completion Date to and including the last day of the Term. "CAP" will be calculated as follows. (a) (b) "Change in Control" of the Recipient means: (a) if the Recipient is a public company, the acquisition by an individual or company (or two or more of them acting in concert), excluding Current Shareholders, that results in its or their direct or indirect beneficial ownership of or more of outstanding shares of voting stock of the Recipient. For greater clarity, this shall not apply to an acquisition of voting stock made by the ■ • I I • • I I I • whose shareholdings prior to such acquisition is already near of the outstanding voting stock of the Recipient; or (b) if the Recipient is a private company, the acquisition by an individual or company ( or two or more of them acting i s in its or their direct orI I I • l I • • indirect beneficial ownership of r more of the voting stock in• the Recipient; or ( c) if the Recipient enters into a binding obligation to sell, sells or otherwise disposes of all or substantially all of its assets. 3 Certain information in this document has been omitted from this exhibit because it is (i) not material (ii) would be competitively harmful if publicly disclosed and (iii) private or confidential.
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Related to Benchmark Year

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Interpolated Benchmark with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

  • Benchmark Review means a review of the Services carried out in accordance with paragraphs 2.1 to 2.3 of Schedule 7 (Value for Money) of this Framework Agreement to determine whether those Services represent Good Value;

  • Original Benchmark Rate on any day means the 3-months Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on, the Screen Page as of 11:00 a.m. (Brussels time) on such day.

  • Valuation Period shall have the meaning specified in Section 14.04(c).

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Index year means the earliest calendar year in which the

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Benchmarker means the person appointed by the PCC to conduct the Benchmark Review.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • 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.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;