Benefit Factor Matrix definition

Benefit Factor Matrix. * means the Benefit Factor Matrix for Enterprise Development and Socio- economic Development Contributions annexed to statements 600, 700, 806 and 807.
Sample 1
Benefit Factor Matrix means the benefit factor matrix for enterprise development and supplier development andsocio-economic development contributions claimable in Statement 400 and 500Black designated groupsunemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution;black people who are youth as defined in the National Youth Commission Act of 1996;black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities in the Employment Equity Act;black people living in rural and underdeveloped areas;black military veterans as defined in the Military Veterans Act 18 of 2011;Black new entrantsmeans black participants who hold rights of ownership in a measured entity and who, before holding equity instruments in in the measured entity, did not hold equity in other entities whichhave a total value of more than R50 million measured using a standard valuation method.Black peoplemeans African, Coloured, and Indian people who:a. are citizens of the Republic of South Africa by birth or decent; orb. became citizens of the Republic of South Africa by naturalisation-(i) Before 27 April 1994; or(ii) On or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to the date.Black stockbrokersand black fund managersmeans a juristic person (including a trust), having shareholding or similar members interest, in which black participants enjoy a right to exercisable voting rights that is at least 51% of the total such rights measured using the flow-through principle and has a turnover below R100million.Broad-Based Ownership Schemean ownership scheme that complies with the rules set out in Annexe 100B, such a scheme will be counted as direct ownershipCodesCodes of Good Practice including all statements as issued in section 9 of the Act.Direct OwnershipDirect ownership refers to all forms of BEE ownership other than through mandatedinvestmentEmployment Equity ActEmployment Equity Act No. 55 of 1998.Employment Equity ActRegulationsregulations in the Employment Equity Act.Elementsmeasurable quantitative or qualitative elements of B-BBEE compliance in the genericscorecard and the Codes of Good Practice.Employed learnera learner who was employed by the employer who is party to the learnership agreement concerned when the agreement was concluded, in terms of section 18(1) of the Skills Development Act. The lea...
Sample 1
Benefit Factor Matrix. * means the Benefit Factor Matrix for Enterprise and Supplier Development and Socio-economic Development Contributions annexed to statements 400 and 500.
Sample 1

Examples of Benefit Factor Matrix in a sentence

  • The Minister may from time to time, by notice in the gazette, revise or substitute the Benefit Factor Matrix.

  • B in the case of paragraphs 2.4.1 and 2.4.3 is the value of all Qualifying Socio-Economic Contributions of the Measured Entity relevant to that indicator, that have become payable during the Measurement Period and weighted in accordance with Annexe CSC500 (A) – Benefit Factor Matrix read together with per paragraphs 3.2.2 to 3.2.4, expresed as a percentage of the NPAT.

  • The Measured Entities shall be entitled to receive recognition for any SED Contribution, provided that it is possible to quantify such contributions by attaching a monetary value, using a Standard Valuation Method (see the Benefit Factor Matrix below).SED Contributions of any Measured Entity are recognisable annually.

  • Socio- Economic Development Contributions are measured using the formula in the Benefit Factor Matrix set out below.

  • Qualifying contributions are measurable using the formula "A" in Annexe FS400 (B) and the Benefit Factor Matrix in Annexe FS400 (B).

  • The B­BBEE ICT Sector Council may from time to time, revise or substitute the Benefit Factor Matrix as applicable to the ICT Sector in consultation with the Line Ministry and the dti.

  • Qualifying Contributions are measurable using the Benefit Factor Matrix and formula "A" contained in Annexure 400 (B) as published in Government Gazette 36928 dated 11 October 2013 which shall apply to this statement.

  • Be willing to accept work in any occupation you are capable of performing if the salary is more than your weekly Unemployment Insurance benefit amount (calculated at an hourly rate), or the Federal minimum hourly wage, whichever is greater.

  • Support Services in the BBGF Benefit Factor Matrix would use the Overhead Costs definition in the Enterprise and Supplier Development Benefit Factor Matrix FS400 (B) annex as a guideline for verification but these cannot be double counted across BBGF & ESD.

  • Dictators can choose between actions A and B to determine the payoffs for them and their receiver.


More Definitions of Benefit Factor Matrix

Benefit Factor Matrix means the Benefit Factor Matrix for Enterprise Development and Supplier Development as well as Socio-Economic Development Contributions annexed to Statement 400 and 500.
Sample 1
Benefit Factor Matrix. * means the Benefit Factor Matrix for Enterprise and Supplier Development and Socio-Economic De- velopment Contributions annexed to statements 400 and 500 (paragraph 12 and 13).
Sample 1

Related to Benefit Factor Matrix

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Required Accumulation Factor Number shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate on the Accounts, expressed as a decimal, for the three months preceding the date of such calculation.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. 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.

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • 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.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's Projected Annual Benefit under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Code ss.ss.415(b) and (d) or 140 percent of the Participant's Highest Average Compensation, including any adjustments under Code ss.415(b). Notwithstanding the above, if the Participant was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more Defined Benefit Plans maintained by the Employer which were in existence on May 6, 1986, the denominator of this fraction shall not be less than 125 percent of the sum of the annual benefits under such plans which the Participant had accrued as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plans after May 5, 1986. The preceding sentence applies only if the Defined Benefit Plans individually and in the aggregate satisfied the requirements of Code ss.415 for all Limitation Years beginning before January 1, 1987.

  • Weekly Earnings means your gross weekly income from your Employer, not including shift differential, in effect just prior to your date of disability. 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.

  • Final Average Earnings means (a) divided by (b) as follows:

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Lowest achievable emission rate or “LAER” means, for any source, the more stringent rate of emissions based on the following:

  • Actuarial equivalent means a benefit of equal value when

  • 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;

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);