Initial Year means the first 12 full calendar months of the Initial Term.
Initial Year shall have the meaning set forth in Section II.A.2. of this License Agreement.
Initial Year. Commissions -- New Enrollments for CMS Plan Year 2020 In accordance with CMS instructions, the Company shall initially pay Agent and its Representatives the “Renewal Year” commission specified below for each individual properly enrolled in a Company PDP Plan which Agent and its Representatives are approved and authorized to market and promote for the 2020 CMS Plan Year, for January 1, 2020 through December 31, 2020 effective enrollments. If the individual enrollment is identified to the Company by CMS as a new/initial enrollment, or according to company policy for agency upline compensation, the Company shall adjust the compensation paid to Agent and Representatives for the individual from the “Renewal Year” commission specified below to the “Initial Year” commission specified below. Agents will not receive “Initial Year” commissions if the individual was already enrolled in a PDP Plan at the time of enrollment. The commissions listed below at each level are net of commissions payable to all lower sales levels. To the extent any sales level is not involved in the sale of the PDP Plan, the commission payable to such sales level shall roll-up and be payable to the next higher sales level. Payment of the “Renewal Year” commission will be made in the effective year of the enrollment following the entry of a qualifying application into the Company’s enrollment system and validation of the producer’s credentials. Any required adjustment from the “Renewal Year” commission to the “Initial Year” commission will be made following CMS’s identification that the individual is in an Initial Enrollment Period or new to the PDP Program. Initial Year Commissions* Agent $78.00 Note: The above commissions will be paid for electronic enrollments only. In the event that Agent or its Representatives submit paper based enrollments, the Company reserves the right to charge Agent and its Representatives an administrative fee which will be deducted from the Agent-level commission specified above. The amount of any administrative fee will be determined by the Company and made available to Agent upon request.
Examples of Initial Year in a sentence
Thereafter, the Agreement shall automatically renew for successive one-year periods (each, a “Renewal Year”), unless either party notifies the other party in writing, not less than 30 days prior to the expiration of the Initial Year or the Renewal Year, as applicable, of such party’s decision not to renew the Agreement.
The amount of all Initial Year Payments and Annual Payments shall be determined by the Settlement Fund Administrator applying Section V and Exhibit M.
The Payment Date for the second Initial Year Payment shall be no later than July 15, 2022.
For a voluntary redistribution to be applied to the relevant portion of an Initial Year Payment or an Annual Payment, notice must be provided to the Settling Distributors and the Settlement Fund Administrator at least sixty (60) days prior to the Payment Date.
Except as otherwise provided in this Agreement, Xxxxxxx shall make two Initial Year Payments and nine (9) Annual Payments.
More Definitions of Initial Year
Initial Year means the balance of the Year following the expiration of the Initial Operating Period.
Initial Year has the meaning set forth in Section 3.1(a)(i).
Initial Year. Each staff member who wants to participate in the bank will contribute one day to the bank. Current days in the USD #105 bank will be carried forward to the USD #105 bank. New Staff Members may buy-in to the bank by contributing one day of total authorized personal sick leave (see #1 above). Use of Bank: The following procedure will be used to regulate use of the bank: • A sick leave bank Leave Review Committee will be appointed to evaluate requests for use of the bank. The sick leave bank committee will include one administrator, one certified staff member and one classified staff member from each building where as one of the certified staff members is an association member. Staff members will be appointed by the other staff from their building and the administrator will be appointed by the superintendent. The sick leave bank committee members will serve a two-year term beginning 2020-2021 school year with no consecutive terms. For the 2020-2021 school year, the appointed association member will serve a three-year term. They will act on requests on a need basis; • Requests for bank use will be submitted to the district office on a designated form. When possible, requests should be submitted in advance of anticipated use but requests may be considered on a retroactive basis in the event of emergency; • Applicants must use all of their personal sick leave before they can use leave from the bank; • Individual use of the bank will be limited to no more than 40 working days per school year. Conditions which require more leave will require written requests to the Board of Education which will make a determination if emergency conditions justify full or partial forgiveness of lost time due to prolonged medical need. Such approved leave will not be deducted from the sick leave bank. Such requests will be considered on an individual basis. The Board may have access to data regarding past medical and sick leave records involving personal leave and/or sick leave bank use.
Initial Year. Initial Year means:(a) the financial year in which the investor designates his demat account as RGESS account and makes investment in the Eligible Securities for availing deduction under RGESS; or(b) the financial year in which the investor makes investment in Eligible Securities for availing deduction under RGESS for the first time, if the investordoes not make any investment in Eligible Securities in the financial year in which the account is so designated. "Investment Management Agreement" The agreement dated June 8, 2000 entered into between HDFC Trustee CompanyLimited and HDFC Asset Management Company Limited, as amended from time to time. "Investor Service Centres" or "ISCs" Designated Offices of HDFC Asset Management Company Limited or such other centres / offices as may be designated by the AMC from time to time. "Load" In the case of Redemption / Switch-out of a Unit, the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale/ Switch-in of a Unit, a sum of money to be paid by the prospective investoron the Sale / Switch-in of a Unit in addition to the Applicable NAV. "Lock-in Period" Units held under the Scheme by the Unit holders and as declared/ designated for availing tax benefits shall be subject to lock-in-periods viz. fixed lock-in and flexible lock-in as specified under the notified RGESS. The fixed lock-in-period shall commence from the date of purchase of such Units in the relevant financial year and end on the 31st day of March of the year immediately following the relevant financial year.The flexible lock-in period will be of two years beginning immediately after the end of the fixed lock-in period.The Depositories will be required to ensure the enforcement of the lock-in on Units under the Scheme. "Maturity Date / Final Redemption Date" The date (or the immediately following Business Day, if that date is not a BusinessDay) on which the Units under the Scheme will be compulsorily and without any further act by the Unit holder(s) redeemed at the Applicable NAV. "Money Market Instruments" Includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified bythe Reserve Bank of India from time to time. "Mutual Fund" or "the Fund" HDFC Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882. "National Stock Exch...
Initial Year is defined in Section 6.1.
Initial Year means the period of time from the Commencement Date until the end of calendar year 2001.
Initial Year means the first twelve (12) full calendar months of the Term.