Net Financial Benefit definition

Net Financial Benefit means the amount of earnings that Seasonal Workers are expected to have left, after tax and permitted deductions have been taken from their gross pay. Notice, Notify or Notification means notice in accordance with clause 31. Offer of Employment means the document which sets out the details of an offer of employment for a Seasonal Worker, in accordance with Item C of Schedule 1. Office of the Australian Information Commissioner means the independent statutory agency established under the Australian Information Commissioner Act 2010 (Cth) and includes any other entity that may, from time to time, perform the functions of the Office of the Australian Information Commissioner.
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Net Financial Benefit means an amount equal to the * financial benefit that is referable to the * capital gain (after any application by the trustee of losses, to the extent that the application is consistent with the application of capital losses against the capital gain in accordance with the method statement in subsection 102-5(1)).
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Net Financial Benefit means the amount of earnings that Seasonal Workers are expected to have left, after tax and permitted deductions have been taken from their gross pay. Notice, Notify, Notified or Notification means notice in accordance with clause 31. Offer of Employment means the document which sets out the details of an offer of employment for a Seasonal Worker, in accordance with Item C of Schedule 1. Office of the Australian Information Commissioner means the independent statutory agency established under the Australian Information Commissioner Act 2010 (Cth) and includes any other entity that may, from time to time, perform the functions of the Office of the Australian Information Commissioner. 'One-Way International Airfare' means the cost of the flight transporting a Restart Seasonal Worker from the relevant Participating Country to their Port of Arrival, or from their Port of Departure to the relevant Participating Country.
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Examples of Net Financial Benefit in a sentence

  • In the event that two or more pieces of IP are combined in a single project or venture, then an agreement defining the distribution of Cumulative Net Financial Benefit to the contributing parties must be concluded before the start of the commercialisation process.

  • Where more than one member of Staff contributes to the creation of IP, the Staff share of the Cumulative Net Financial Benefit will be equally divided between these Staff unless there is a signed written agreement to the contrary.

  • For the above purpose, Cumulative Net Financial Benefit is defined as all financial benefits in connection with a single project or venture in excess of the direct commercialisation costs incurred, including but not limited to costs of securing legal protection and third party intellectual property rights, the enforcement and commercial exploitation of the IP and financial commitments to investors.

  • Financial benefits accruing to a member of Staff under section 21 will be shared according to the following formula: Cumulative Net Financial Benefit per Project In the event that a member of Staff forms a company to exploit IP assigned to him/her by the University, the University will receive 20% of the equity allocated to him/her for the IP.

  • You must ensure that Seasonal Workers have sufficient income after paying tax and deductions to live on each week and, over the period of their stay in Australia, to derive a reasonable Net Financial Benefit.

  • Decision makers are encouraged to view this Net Financial Benefit to central government alongside these other costs and benefits when considering central government’s support for tourism.

  • While a number of the individual figures can be debated, the Net Financial Benefit figure provides a reasoned and robust estimate of the overall contribution of tourism to central government.

  • MethodsLocal government tourism yields were measured as the Net Financial Benefit to local government associated with tourism.

  • Table 4: Regional Financial Yields from Tourism in 2005: Christchurch and Rotorua The results showed that the Net Financial Benefit for Rotorua and Christchurch councils are minor when put in the context of these broader measures of economic activity and benefit generated by tourism in the regions.

  • In addition to this Net Financial Benefit from tourism, it is useful to consider the wider contribution of tourism to the economy, and how central government benefits from this activity.


More Definitions of Net Financial Benefit

Net Financial Benefit means anamount equal to the * financial benefit that is referable to the * franked distribution (after any application by the trustee of expenses that are directly relevant to the franked distribution).
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Net Financial Benefit means an amount equal to the financial benefit referable to the capital gain after the application of trust capital losses (consistent with the application of those losses for the purposes
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Related to Net Financial Benefit

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • material benefit means a benefit which may not be financial but has a monetary value;

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • past financial year means the financial year preceding the current year;

  • relevant balance sheet means the latest published audited consolidated balance sheet of the Group, but where the Company has no subsidiaries it means the balance sheet and profit and loss account of the Company and, where the Company has subsidiaries but there are no consolidated accounts of the Group, it means the respective balance sheets and profit and loss accounts of the companies comprising the Group;

  • Actuarial equivalent means a benefit of equal value when

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement Benefit means the benefit set forth in Article 5.

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Consolidated Rental Payments means, with reference to any period, all payments under all Operating Leases (including payments for leases which have been reserved against), net of any related income from subleases, in each case calculated for the Company and its Subsidiaries on a consolidated basis for such period.

  • 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.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Change in Control Benefits means the following benefits:

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Company Balance Sheet has the meaning set forth in Section 3.04(e).