Benefit Share definition

Benefit Share means the Maximum Annual Special Tax for a Parcel divided by the Maximum CFD Revenue.
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Benefit Share means the Assigned Special Tax for a Parcel divided by the Maximum CFD Special Tax Revenue for all Taxable Parcels.
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Benefit Share means, for any Fiscal Year, the Maximum Annual Special Tax for a Parcel divided by the Maximum Annual CFD Special Tax Revenue.
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Examples of Benefit Share in a sentence

  • For the purposes of the calculation and payment of the Route-Level Efficiency Benefit Share for the Relevant Year ending 31 March 2019, Part 3 and Appendix 7A and Appendix 7B of Schedule 7 of the version of this contract that was in force up until 31 March 2019 shall continue to apply.

  • For this purpose (and subject to clause 1.1(l) of this Agreement), Efficiency Benefit Share is the component of Track Charges (as defined in the Track Access Agreement) identified as such in any Track Access Agreement or similar arrangement under which benefits of any outperformance of efficiency targets (or risk of failure to achieve efficiency targets) are to be shared between Network Rail and train operators.

  • For this purpose (and subject to clause 1.1(l) of this Agreement), Efficiency Benefit Share is the component of Track Charges identified as such in any Track Access Agreement or any similar arrangement under which benefits of any outperformance of efficiency targets (or the risk of failure to achieve efficiency targets) are to be shared between Network Rail and train operators.

  • Mount, the Corporation shall have an interest in the proceeds of the Policy equal to the "Assignee's Death Benefit Share", as defined within the provisions of Part A "Definitions" section of the Assignment.

  • Operator under a Previous Franchise Agreement has exercised its rights under a track access agreement to opt out from the Route Efficiency Benefit Share Mechanism the Franchisee shall take all steps necessary to ensure that it opts back into the Route Efficiency Benefit Share Mechanism including through agreement of a new Track Access Agreement or a variation of an existing Track Access Agreement.

  • If, pursuant to paragraph 4.1, a party is entitled to payment from the other of a Route-Level Efficiency Benefit Share in Relevant Year t, then, subject to paragraphs 4.2 and 4.8, such payment shall be made to the party entitled to the payment by the other party as a lump sum payment within 56 days after the date of publication of ▇▇▇’▇ annual efficiency and finance assessment of Network Rail for Relevant Year t.

  • Where participation in a Route Efficiency Benefit Share Mechanism is made available to the Franchisee under a Track Access Agreement as a consequence of a Charging Review implemented after the date of this Agreement, the Franchisee must elect not to participate in such mechanism for all of its routes.

  • Provider shall issue a written statement on a monthly basis that identifies: (a) the Total System Benefit for the previous month, and; (b) whether a payment is due to Provider or Host in order to distribute the Total System Benefit in accordance with the Benefit Share Methodology statement, the “Monthly Statement”).


More Definitions of Benefit Share

Benefit Share means the Maximum Annual Special Tax for a Parcel divided by the Maximum Annual Special Tax Revenue.
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Related to Benefit Share

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's annual benefits (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) under all the defined benefit plans (whether or not terminated) maintained by the Employer, each such annual benefit computed on the assumptions that the Participant will remain in employment until the normal retirement age under each such plan (or the Participant's current age, if later) and that all other factors used to determine benefits under such plan will remain constant for all future Limitation Years, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Sections 415(b)(1)(A) and 415(d) of the Code or 140 percent of the Participant's highest average Compensation for 3 consecutive calendar years of service during which the Participant was active in each such plan, including any adjustments under Section 415(b) of the Code. However, 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 then the denominator of the Defined Benefit Fraction shall not be less than 125 percent of the Participant's total accrued benefit as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plan after May 5, 1986, under all such defined benefit plans that met, individually and in the aggregate, the requirements of Section 415 of the Code for all Limitation Years beginning before January 1, 1987.

  • pension benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.