Date of Crediting definition

Date of Crediting means, with respect to any Compensation deferred pursuant to the Plan, the first day of the month following the date when such Compensation would otherwise be paid to a Participant.
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Date of Crediting means, with respect to any Compensation deferred pursuant to the Plan, the first day of November of the year during which such Compensation would otherwise be paid to a Participant, provided, however, with respect to the deferral of special, not annual, bonuses which are not paid at the same time as annual bonuses and which are deferred pursuant to the Plan, Date of Crediting shall mean the date on which such Compensation would otherwise be paid to a Participant.
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Date of Crediting means, with respect to any Compensation deferred pursuant to Section 6 of the Plan, the first business day of the month following the date when such Compensation would otherwise be paid to a Non-Employee Director and, with respect to any annual grant of Deferred Share Units pursuant to Section 7, the date of grant as set forth in Section 7.
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Examples of Date of Crediting in a sentence

  • The number of Phantom Shares credited to a Plan Participant’s Deferred Payment Account shall be the number of whole and fractional Phantom Shares determined by dividing the amount of the deferred compensation invested in the particular Fund(s) by the net asset value per Class A share of such Fund(s) as of the Date of Crediting.

  • The Date of Crediting for compensation deferred by a Plan Participant will be as soon as administratively practicable after the date such compensation would otherwise be paid.

  • The Date of Crediting for compensation deferred by a Plan Participant will be as soon as administratively practicable after the date such fees would otherwise have been paid.

  • The number of Phantom Shares credited to a Plan Participant’s Deferred Payment Account shall be the number of whole and fractional Phantom Shares determined by dividing the amount of the deferred compensation invested in the particular fund(s) by the net asset value of the Fund or the net asset value of Class A shares of each such fund of The American Funds Group as of the Date of Crediting.

  • The amount of Compensation being deferred under this option will be credited to this account as of the Date of Crediting.

  • Stock equivalents and fractions thereof shall be credited to such Deferred Stock Equivalent Account in an amount determined by dividing the amount of Compensation to be deferred under the Plan by the Market Value of the Stock on the Date of Crediting.

  • Upon a deferral of Deferred Compensation into the Deferred Share Unit Account (but not the Deferred Cash Account) and the associated crediting of Deferred Share Units, the Company shall credit each such Deferred Share Unit Account, as of the same Date of Crediting, with an additional number of Deferred Share Units equal to 25% of the number of Deferred Share Units credited by virtue of such Deferred Compensation.

  • The Bundle, in which the SPE is enrolled, would be submitted for validation and later for registration with CDM Executive Board as per International Rules and the First Date of Crediting Period for computing the generation of ERs shall be as per terms and conditions of ERPA together with its amendments, which would be officially informed to the SPE.

  • The estimated quantities are approximate but very close to the actual numbers and are given as a uniform basis for comparison of bids.

  • At distribution, interest equivalents shall be similarly calculated on amounts in the Deferred Cash Account based on prime rates from the preceding January 1, or, if later, the Date of Crediting, through the date prior to the date of distribution, and added to the total to be distributed.


More Definitions of Date of Crediting

Date of Crediting means, with respect to any Compensation deferred pursuant to the Plan, as soon as administratively practicable after the end of the month in which such Compensation would otherwise be paid to a Participant.
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Related to Date of Crediting

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Credit hour means 50 minutes of classroom instruction in

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Advance has the meaning given in Section 2.1.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.