Financial necessity definition

Financial necessity means a reduction in the District’s financial resources that in the sole judgment of the board of education will result in a reduction in the District’s current or future operating budget.
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Financial necessity means a reduction in the District's financial resources that in the sole judgment of the board of education will result in a reduction in the District's current or future operating budget.
Sample 1Sample 2Sample 3
Financial necessity means a reduction in the School District's financial resources resulting from declining enrollment or any other action or event that in the sole judgment of the board of education will result in a reduction in the School District's current or future operating budget.
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Examples of Financial necessity in a sentence

  • Reasons: • Financial necessity • Program change • Decline in enrollment • Other business inevitability Initial Criteria: Natural attrition first Note...

  • Financial necessity often means those on limited incomes already engage in eco-friendly behaviour, such as cycling and walking and switching off appliances, therefore the identification and promotion of economic benefits could prove influential.

  • Financial necessity or the threat of employment termination does not alone constitute duress.

  • Recipients of the scholarships will be chosen based on the following: Financial necessity - 40 percentWritten essay - 20 percentParticipation in community/school activities - 40 percentThe total scholarship award will be $2,500 and will be disbursed the first two semesters of college attendance and shall be established in the sum of $1,250.00 per student per semester.

  • Financial necessity, ambition and determination have consistently seen sharemilkers driving developments in the dairy industry over the years.

  • Recipients of the scholarships will be chosen based on the following: Financial necessity - 30 percentWritten essay - 40 percentParticipation in community/school activities - 30 percent The total scholarship award will be $2,500 and will be disbursed over your first semester.

  • Select Reduction in Force Provisions (Read entire agreement for a review of All Provisions) Reasons: • Financial necessity • Program change • Decline in enrollment • Other business inevitability Initial Criteria: Natural attrition first Note...

  • Financial necessity has seen major cuts to the charitable and voluntary sectors, whilst the UK government aims to give them more responsibility.

  • Financial necessity, though superficially compelling, has never been sufficient of itself to permit New Hampshire to abrogate its contractual obligations.69 The Way Forward As you know, I have already communicated these concerns to you less formally starting in December of 2011.70 We are certain that you will want to swiftly remedy the situation so that the Land Act is being complied with.


More Definitions of Financial necessity

Financial necessity as used in this Subsection means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of a Participant or of a dependent (as defined in Code Section 152(a)) of the Participant, loss of the Participant's property due to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant (but specifically not including the need to send a child of the Participant to college or the desire to purchase a home). The amount of any such distribution shall be limited to the amount deemed necessary by the Committee to alleviate or remedy the hardship. The payment shall be made in the manner and at the time specified by the Committee.
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Related to Financial necessity

  • Financial need means the difference between the total costs of the project less the total financing that will be received for the project.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Reliability means the degree of performance of the elements of the electric system that results in electricity being delivered to and from an applicant in the amount desired while avoiding adverse effects on the adequacy and security of the electric supply, defined respectively as:

  • Financial Instruments means commodities, securities, and derivatives of all types, including, without limitation, stocks and other equity instruments, bonds and other debt instruments, commodities and futures, forwards, swaps, and options that derive their value from bonds, equities, commodities or indices thereof.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Financial Impairment means that a carrier is not insolvent and is:

  • Comprehensive resource analysis means an analysis including,

  • Regulatory Capital means the capital requirement specified in Article 11;

  • Affordability means a housing unit that satisfies at least one of the following criteria: