Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.
Compensation Year means a period of 12 months expiring 31 March in any year;
transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;
Election Year means a year in which ordinary elections for local governments are required to be held;
Limitation Year means the Plan Year.
Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.
Compensation Period has the meaning specified in Section 2.12(c)(ii).
taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;
Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.
Earnable compensation means the full rate of the
Plan Year means the calendar year.
Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))
Leave Year means the year ending with the anniversary date of the employee’s appointment.
Vacation means annual vacation with pay.
Annual Compensation means an amount equal to the greater of:
Basic Compensation means Salary and Benefits.
Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.
Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.
Bonus Compensation shall have the meaning set forth in Section 3(b).