Biodiversity Offsetting Contribution definition

Biodiversity Offsetting Contribution. Means either the estimated sum of One Million Six Hundred and Eighty Thousand Pounds (£1,680,000) exclusive of VAT (if applicable) Index Linked or the sum of One Million Eight Hundred and Eighty Five Pounds (£1,885,000) exclusive VAT (if applicable) Index Linked as determined by the Secretary of State or Inspector pursuant to his/her determination of the Appeal to be paid to the Council or Nominee by the Owners to be used toward the creation of new habitats to offset the loss of habitats on site in accordance with the Biodiversity Offsetting Scheme “Biodiversity Offsetting Scheme” Means a scheme to be approved by the Council which will deliver biodiversity enhancements which shall not be less than 166.07 Biodiversity Units and which shall include the following details: Whether the Biodiversity Offsetting Contribution is proposed to be paid to the Council or to its Nominee and details of the Nominee in the event it is proposed to be paid to the Nominee which FOR THE AVOIDANCE OF DOUBT will be at the Council’s discretion The Onsite Biodiversity Compensation including its score in Biodiversity Units The identity of an appropriate receptor site at which the Biodiversity Offsetting Contribution is to be expended Details of the provision of contractual terms to secure the delivery of the offsetting measures
Sample 1
Biodiversity Offsetting Contribution means the sum (exclusive of VAT if applicable) to be calculated in accordance with the formula set out at Schedule 8 of this Deed and agreed by the Borough Council and District Council as part of the Biodiversity Offsetting Scheme approved pursuant to this Deed to offset the loss of habitats on the Site in the event that the Biodiversity Post-Development Site Value is less than the Biodiversity Pre- Development Site Value and to be used by the Borough Council and District Council or Nominees towards the creation of new habitats in accordance with the Biodiversity Offsetting Scheme.
Sample 1
Biodiversity Offsetting Contribution means the sum (exclusive of VAT) to be calculated (if applicable) in accordance with the formula set out at paragraph 2.1 of Schedule 4 of this Deed and agreed by the Council as part of the Biodiversity Offsetting Scheme approved pursuant to this Deed to offset the loss of habitats on the Site and to provide a biodiversity net gain of 10% in relation to the Development (combined with and Biodiversity Onsite Compensation); to be used by the Council or its Nominees (as approved by the Council) as part of the Biodiversity Offsite Compensation Scheme towards the creation of new habitats in accordance with the Biodiversity Offsetting Scheme Biodiversity Offsetting Scheme means a scheme to be approved by the Council to achieve a 10% biodiversity net gain in relation to the Development using on-site and off-site mitigation measures, comprising:
Sample 1

Examples of Biodiversity Offsetting Contribution in a sentence

  • The District Council covenants with the Owner to use the Biodiversity Offsetting Contribution only for the purposes of enhancing and securing the long-term management of biodiversity within the District Council’s administrative area in order to provide specific compensation for the onsite habitat lost to development.


More Definitions of Biodiversity Offsetting Contribution

Biodiversity Offsetting Contribution. Means the estimated sum of One Million Two Hundred Thousand (£1,200,000) exclusive of VAT (if applicable) Index Linked or the sum of One Million Three Hundred and Seventy Thousand Pounds (£1,375,000) exclusive VAT (if applicable) Index Linked as determined by the Secretary of State or Inspector pursuant to his/her determination of the Appeal to be paid to the Council or Nominee by the Owners to be used toward the creation of new habitats to offset the loss of habitats on site in accordance with the Biodiversity Offsetting Scheme “Biodiversity Offsetting Scheme” Means a scheme to be approved by the Council which will deliver biodiversity enhancements which shall not be less than 113.28 Biodiversity Units and which shall include the following details: 1. Whether the Biodiversity Offsetting Contribution is proposed to be paid to the Council or to its Nominee and details of the Nominee in the event it is proposed to be paid to the Nominee which FOR THE AVOIDANCE OF DOUBT will be at the Council’s discretion 2. The Onsite Biodiversity Compensation including its score in Biodiversity Units 3. The identity of an appropriate receptor site at which the Biodiversity Offsetting Contribution is to be expended 4. Details of the provision of contractual terms to secure the delivery of the offsetting measures “Biodiversity Units” “Onsite Biodiversity Compensation” Means the measure that represents the biodiversity impact of the scheme using the Defra Biodiversity Metric 2.0 Means the onsite biodiversity enhancement and compensation that shall equate to the provision of habitats with a score of at least 134.29 Biodiversity Units in accordance with the Biodiversity Offsetting Scheme “Nominee” Means the Environment Bank or other body approved by the Council who is capable of delivering the Biodiversity Offsetting Scheme
Sample 1

Related to Biodiversity Offsetting Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Qualifying contribution means, with respect to a

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Accumulated contributions means the sum of all

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Nonelective Contribution means an amount contributed by a participating

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Development Contribution means the amount of money referred to in item 5 of the Schedule;

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.