Formula Year definition

Formula Year means the period from 1 April in any year until and including 31 March in the following year;
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Formula Year means successive periods of twelve months, the first such period commencing on the first operational commencement date and the last
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Formula Year means a year commencing on 1st January;
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Examples of Formula Year in a sentence

  • For the purposes of paragraph 5.12 the transportation revenue information is forecast revenue and actual revenue, for the immediately preceding month and each calendar month prior thereto in the relevant Formula Year, in each case in respect of each of the categories of charges referred to in Table 1 below.

  • The values of "P" (in paragraphs 4 to 6) and "F" (in paragraph 4) are stated as at 1 January 2006 (i.e. Formula Year t=0).

  • The values of "P" (in paragraphs 4 to 6) and "F" (in paragraph 4) are stated as at January 2012 (i.e. Formula Year t=0)..

  • For example, if in the first Formula Period there are $527,000 of Formula Revenues From Base Business and $600,000 of Formula Revenues Derived From Additional Business then, in such event, only $17,500 will be paid to the Stockholders as Incentive Payments for the first Formula Year.

  • Deleted: from (and including) Deleted: in Formula Year (t – 6) Deleted: Transporter Where the circumstances in Section B4.7.1 occur in respect of a relevant Supply Point on any Day in the period from (and including) 27 May to (and including) 31 May 2017 the User shall not be liable for any Supply Point Ratchet Charge in respect of the Supply Point and there shall be no automatic increase in the DM Supply Point Capacity.


More Definitions of Formula Year

Formula Year means a year ending on any 31 March. Formula years are numbered as follows:
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Formula Year means a period of twelve months commencing on 1 April at 06:00 hours;
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Formula Year means a period of twelve months commencing on 1 April at 05:00 hours;
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Formula Year means a period of twelve months commencing on 1 April at
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Formula Year means a period of twelve months commencing on 1 May
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Related to Formula Year

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • 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.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Income Year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;