Credit Units definition
Examples of Credit Units in a sentence
The assignment of Credit Units for research and creative activities shall be based on the Credit Unit Equivalency Guidelines.
If this box is checked, the Owner designates the placed-in-service date of each building in the Project as the effective date for establishing the gross rent floor for the Tax Credit Units in such building(s).
Credit Units shall have no fixed value in terms of either time or money, but shall be a means of determining eligibility for and duration of Regular Benefits.
As of such day he/she shall be credited with Credit Units based upon his/her Workweeks occurring while he/she is an Employee.
Excess Credit Units under this section shall be compensated at the rate specified in the Compensation Article for instructional/primary duty overload.
Notwithstanding any other provisions of the Plan, such retained Credit Units may be used solely for the Payment of Regular Benefits to such former Employee for Weeks including and subsequent to the date of his/her Break in Seniority at such other Bargaining Unit on the same basis and in the same amount as if such Seniority had not been broken.
A Guaranteed Annual Income Credit Unit shall be deemed in all respects for all purposes the same as a Credit Unit credited pursuant to article 3, except that Guaranteed Annual Income Credit Units shall be credited only pursuant to the provisions of this article.
In the event that an appeal with respect to entitlement to a Regular Benefit is decided in favour of an Employee, the Regular Benefit shall be paid to him/her; provided, however, that if such Regular Benefit requires Credit Unit cancellation the Regular Benefit shall be paid only if he/she did not exhaust Credit Units after the Week of the Regular Benefit in dispute during the same period of layoff.
If the work is not excluded and the grant/contract budget does not specify the workload value for the activity, then the ▇▇▇▇▇▇▇/Vice President for Academic Affairs shall determine the value of such work in terms of Credit Units and Credit Unit category using the Credit Unit Equivalency Guidelines.
The Company shall notify the Board and the Union with reasonable promptness of the Percentage Position of the Fund as determined by it in accordance with the provisions of Article III, and shall furnish a statement showing the number of Employees in Active Service and the number of laid off employees with Credit Units used in the computation.