Examples of Payment Year in a sentence
The total amount of incentive payments in an Annual Payment shall be the sum of the incentive payments for which individual Settling States are eligible for that Payment Year under the criteria set forth below.
A shall not apply where the Settling State at issue meets the eligibility criteria for and is entitled to Incentive Payment A for the Payment Year at issue, except as expressly provided therein.
Incentive Payments A-C will be due in installments over the eighteen (18) Payment Years, and Incentive Payment D will be due in installments over thirteen (13) years beginning with Payment Year 6.
An employee covered by this Agreement who is on the payroll as of April 1 of the Payment Year and who attains their third anniversary of employment during the Payment Year is eligible to receive a prorated portion of the annual clothing and equipment allowance.
The prorated amount shall be calculated based on the number of months in the period from such anniversary date through December 31 of the Payment Year divided by 12.