Examples of Computation Year in a sentence
The fees for computations of the Arbitrage Amount which encompass more, or less, than one Computation Year shall be prorated to reflect the longer, or shorter, period of work performed during that period.
For purposes of this Section 5, “compensation” shall be defined as the Participant’s compensation (as reported on Form W-2) for the Computation Year, together with elective deferrals as defined in Section 402(g)(3) of the Code and any amount which is contributed or deferred by the Employer at the election of an Employee and which is not includible in the gross income of the Employee by reason of Code Section 125, 132(f)(4) or 457.
Any additional allocations to which such Participant is entitled by virtue of earning a Qualified Year during a subsequent Computation Year shall be paid in accordance with the form of benefit elected by the Participant as soon as practicable after they are allocated under the Plan and shall not be subject to the provisions of Article II, Section 5 applicable to reemployment of retired Participants unless the Participant actually retires from the Industry.
In addition to the requirements set forth above, no Employee (other than an Employee who is already a Participant on August 2, 1992) shall become a Participant until the last day of the Computation Year in which he completes a Qualified Year (or, if earlier, the July 1 following the completion of the twelve month period, starting on the date the Employee earns his first Credited Hour, during which the Employee accumulates 400 Credited Hours).
Within 55 days of the end of each fifth Computation Year with respect to the Loan, an amount shall be deposited to the Rebate Fund by the District from any legally available funds, including the other funds and accounts established herein, so that the balance in the Rebate Fund shall equal the amount of Rebatable Arbitrage so calculated in accordance with clause (i) of this Section 4.4(a).