Formula 1 definition

Formula 1 means LA x VC x 60% x Notional. “Formula 2” means LA x VC x Notional.
Formula 1 means the formula identified as "Formula 1" within the Annex to Schedule 5.
Formula 1 means max MV plus (LA multiplied by VC multiplied by 70% multiplied by N); 0;

Examples of Formula 1 in a sentence

  • Example: 1 period per day = 43 divided by 405 = .106 + (.106 x 40 = 4.24 minutes) = 43 + 4.24 = 47.24 divided by 405 = 11.66% Formula: 1 period = .1166 2 periods = .2332 3 periods = .3498 4 periods = .4664 5 periods = .5830 6 periods = .6996 5.0605 HIGH SCHOOL TEACHERS Each period per day will equal 46 minutes divided by 420 minutes per day, plus that percent times 42 minutes per day for plan time.

  • Under Formula 1, employees that actively participate in the BH Pension Plan and make elective deferral contributions under the 401(k) Plan receive a matching contribution that is discretionary and is determined annually by the Company.

  • NENT Group recently extended its Polish rights to Bundesliga football to 2029, and will show UEFA Europa League and UEFA Europa Conference League in Poland from this autumn and Formula 1 from 2023.

  • In the Baltic countries, NENT Group’s sports rights include Bundesliga, NHL, UEFA Champions League, UEFA Europa League, UEFA Europa Conference League and Formula 1.

  • A participant must complete 1,000 hours of service and be employed on the last day of the Plan year in order to receive a matching contribution under Formula 1 or 2 or a non- elective contribution under Formula 1.

  • Matching contributions under Formula 1 and 2 and non-elective employer contributions under Formula 1 vest as follows: 1 year of service = 0%; 2 years of service = 20%; 3 years of service = 40%; 5 years of service = 80%; and 6 or more years of service 100%.

  • Employees hired prior to July 1, 2014: On or before July 1 of each year of this contract, a comparison shall be made to determine if the Employee’s compensation would be greater under Formula 1 or 2 below.

  • He was previously an aerodynamics engineer for Xxxxxxxx Formula 1 team, working on race-car design & development as well as control software and testing.

  • Matching Contributions (Formula 1) Matching Contributions (Formula 2) Non-Elective Contributions (Formula 1) a.

  • Example using a BK117 helicopter: First price review – at 31 January 2014 with any adjustment effect 1 April 2014 Exchange rate adjustment If the average value of NZD/USD in the sixty months up to 31 January 2014 was say 0.85, and in the sixty months up to 31 January 2013 was say 0.78, then the percentage change calculated by formula 1 is as follows: Formula 1 [(EER) – 1] x 100% = [(0.78) – 1] x 100% NER 0.85 = - 8.24% The change is greater than 5% therefore an adjustment is required.


More Definitions of Formula 1

Formula 1 means Formula One World Championship Limited;

Related to Formula 1

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Formula Amount shall have the meaning set forth in Section 2.1(a).

  • Matrix (1 2 8 9) means a substantially continuous phase that fills the space between particles, whiskers or fibres.

  • Class Coupon Formula The formula specified for each Class of variable rate Notes, as set forth in Appendix I for Original Notes and Appendix II for MAC Notes.

  • Domestic Reserve Percentage means for any day that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in New York City with deposits exceeding five billion dollars in respect of new non-personal time deposits in dollars in New York City having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any change in the Domestic Reserve Percentage.

  • VFR means the symbol used to designate the visual flight rules;

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Distribution Margin means the margin which the IPTV Operator is entitled for the purpose of distribution of pay Zee Group Channels or bouquet of pay Zee Group Channels, as the case may be.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • variable means a quantitative or qualitative representation of a property characteristic used in a valuation model

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Infant formula means a food that is intended for con- sumption by infants.

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Dilution Reserve Percentage means, on any day, the product of (a) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component, multiplied by (b) the Dilution Horizon Ratio.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Plan for moderate income housing means a written document adopted by

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • GROUP III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • H1, H2 etc means First Highest, Second Highest Offers etc. in Disposal Tenders means