Patronage Activity definition

Patronage Activity means the aggregate value of the Cooperative’s goods and services purchased from or contributed by each Patron Member during the applicable fiscal period. The Board shall have the authority to develop, review, and revise the methodology by which to calculate the Cooperative’s aggregate Patronage Activity and each Patron Member’s respective allocable share of Patronage Activity. Each Patron Member’s allocable share of the Cooperative’s Net Margin and Net Losses shall be made according to each Member’s relative share of the aggregate Patronage Activity.
Sample 1Sample 2
Patronage Activity means the aggregate value of the Cooperative’s goods and services purchased from or contributed by each Member during the applicable fiscal period. The Board shall have the authority to develop, review, and revise the methodology by which to calculate the Cooperative’s aggregate Patronage Activity and each Member’s respective allocable share of Patronage Activity. Each Member’s allocable share of the Cooperative’s Net Margin and Net Losses shall be made according to each Member’s relative share of the aggregate Patronage Activity. 5.3.5.4.1. Without limiting the Board’s and the Membership’s authority to expand or limit the definition of Patronage Activity for each membership class, the Board may adopt policies designating activities which shall be considered Patronage Activities which entitle the Builder Members to rewards.
Sample 1
Patronage Activity means the total value of the full-time equivalency of all Employee Members during the prior fiscal period. Each Employee Member’s allocable share of the Cooperative’s Net Profits and Net Losses shall be made according to each Member’s relative share of the aggregate Patronage Activity.
Sample 1

Examples of Patronage Activity in a sentence

  • A new Member's allocation of the Net Margins for the year in which it became a Member shall be based on the relationship of the Member's Patronage Activity (as defined in Section 5.3.5.2) after it became a Member to the total Patronage Activity of all Patron Members for that year.

  • A new Member's allocation of the Cooperative's Net Margins for the year in which it became a Member shall be based on the relationship of the Member's Patronage Activity (as defined in Section 5.3.5.4) after it became a Member to the total Patronage Activity of all Builder Members for that year.

  • Net Loss of the Cooperative for any fiscal period shall be allocated to member classes pro rata in accordance with their respective Profit/Loss Interest, within each Voting Member Class pro rata in accordance with their respective Patronage Activity with the Cooperative, and within Class A class on a pro rata basis, during the applicable fiscal period.

  • No dividends are paid on Voter Member Interests; however, all or part of the Net Margins (as defined in Section 5.3) shall be allocated to the holders of Voter Member Interests on the basis of each Voter Member’s Patronage Activity (as defined in Section 5.3.5.4).

  • No dividends are paid on Builder Member Interests; however, all or part of the Net Margins (as defined in Section 5.3) shall be allocated to the holders of Builder Member Interests on the basis of each Builder Member’s Patronage Activity (as defined in Section 5.3.5.4).

  • A new Member's allocation of the Net Profits for the year in which the person became a Member shall be based on the relationship of the Member's Patronage Activity (as defined in Section 5.3.5.2) after it became a Member to the total Patronage Activity of all Employee Members for that year.

  • Another document that also contains guidelines on the polyvalent patronage service work is the Guideline on the Manner of Performing Patronage Activity.

  • The Board may adopt policies for the use of digital tokens by Members providing for, including but not limited to, any limitations or restrictions on the use of the digital token as a measure of Patronage Activity, and to attribute increased voting power in the Cooperative.

  • It also established disclosure requirements, which are more extensive than those required under priorU.S. GAAP.

Related to Patronage Activity

  • Outside Activity means any private practice, private consulting, additional teaching or research, or other activity, compensated or uncompensated, which is not part of the employee's assigned duties and for which the University has provided no compensation.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Wellness activity means an explicit program of an activity

  • Competitive Activity means any business or activity of Executive or any third party that is the same as the Business or competitive with the Business.

  • School-Sponsored Activity means any activity sponsored, recognized or authorized by the Board and includes activities conducted on or off school property.

  • Restricted Activity means directly or indirectly owning any interest in, managing, controlling, participating in, consulting with, rendering services for, or in any manner engaging in any business with any customer, supplier, competitor or other person having a business relation with the Company or any of its subsidiaries; provided however that the term "Restricted Activity" shall not include passive ownership of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of that corporation.

  • economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.

  • Competitive Business Activity means:

  • Patronage means business, transactions, or services done for or with the cooperative as defined by the cooperative.

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Intrascholastic Activities means athletic or non-athletic/academic activities where students compete with students from within the same school.

  • member of the work-related activity group means a person who has or is treated as having limited capability for work under either—

  • SEF Activity means business for which a Participant is subject to the BSEF Rules, which is purportedly conducted subject to the BSEF Rules, or which should have been conducted subject to the BSEF Rules including Permitted Transactions and Block Trades.

  • Response activity means evaluation, interim response activity, remedial action, demolition, providing an alternative water supply, or the taking of other actions necessary to protect the public health, safety, or welfare, or the environment or the natural resources. Response activity also includes health assessments or health effect studies carried out under the supervision, or with the approval of, the department of community health and enforcement actions related to any response activity.

  • Interscholastic Activities means athletic or non-athletic/academic activities where students compete on a school vs. school basis.

  • Eligible activities or "eligible activity" means 1 or more of the following:

  • School activities means any activity sponsored by the school including, but not limited to, classroom work, library activities, physical education classes, official assemblies and other similar gatherings, school athletic contests, band concerts, school plays and other theatrical productions, and in-school lunch periods.

  • Service activities means activities in connection with the provision of personal, continuing services to shareholder accounts in the Shares; provided, however, that if the National Association of Securities Dealers, Inc. (“NASD”) adopts a definition of “service fee” for purposes of Section 2830(b)(9) of the NASD Conduct Rules or any successor provision that differs from the definition of “service activities” hereunder, or if the NASD adopts a related interpretive position intended to define the same concept, the definition of “service activities” in this paragraph shall be automatically amended, without further action of the parties, to conform to the then effective NASD definition. Overhead and other expenses related to “distribution activities” or “service activities,” including telephone and other communications expenses, may be included in the information regarding amounts expended for these activities.

  • Restricted Activities means those activities described in Section 10 of this Agreement.

  • Curricular activity means an activity, course, or program that is:

  • Active business operations means all business operations that are not inactive business operations.

  • Clients means the Janus Funds and other individual and institutional advisory clients of Janus.

  • Competitor means any individual, corporation, partnership or other entity that engages in (or that owns a significant interest in any corporation, partnership or other entity that engages in) any business conducted by the Company or any of its Affiliates.

  • Peak Market Activity means a measure of exposure for which credit is required, involving peak exposures in rolling three-week periods over a year timeframe, with two semi-annual reset points, pursuant to provisions of Tariff, Attachment Q, section V.A. Peak Market Activity shall exclude FTR Net Activity, Virtual Transactions Net Activity, and Export Transactions Net Activity.

  • Educational activity means an activity offered by a school, school district, charter school or county office of education that constitutes an integral fundamental part of elementary and secondary education, including, but not limited to, curricular and extracurricular activities.

  • Sexual activity means sexual conduct or sexual contact, or both.