Quarterly Participation Period definition

Quarterly Participation Period means a period of approximately three months ending on a Purchase Date during any part of which Cash Contributions are collected by PaineWebber for the purpose of purchasing Program Shares; provided, however, that the first Quarterly Participation Period shall commence on January 1, 1999 and end on the next following Purchase Date.
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Quarterly Participation Period means successive periods of one Quarter each commencing on the day after the Final Payment Date, provided that the first and last Quarterly Participation Periods shall consist of a fewer number of days equal to the number of days from the Final Payment Date to the last day of that Quarter or from the last day of the immediately preceding Quarter through the Participation Termination Date, respectively.
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Quarterly Participation Period means a period of three months ending on the last day of each of April, July, October and January during any part of which a Participant's Cash Contribution may be collected by the Company for the purpose of purchasing Program Shares; provided, however, that the first Program Year shall not provide for a Quarterly Participation Period ending in April, and the Quarterly Participation Period ending in July in the first Program Year shall consist of a period of approximately sixty days.
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Examples of Quarterly Participation Period in a sentence

  • Participants shall have the right to elect once in writing during any Program Year, by the fifteenth day of the last month of any Quarterly Participation Period, to cease participating in the Program beginning with the first paycheck of the Quarterly Participation Period following the Quarterly Participation Period in which the withdrawal request occurs; provided, however, this Section 8(a) will not apply to Cash Contributions attributable to bonus compensation.

  • If a Participant chooses to withdraw from participation and, the Participant's Cash Account Balance as of the last Quarterly Participation Period in which the Participant is participating, equals or exceeds $300, then the Participant's Cash Account Balance shall be used to purchase Program Shares for that Quarterly Participation Period.

  • The additional amounts needed with respect to the Financial Hardship may be satisfied from the Program Shares purchased in any Quarterly Participation Period prior to the date of the request.

  • If the Committee suspends or terminates a Program Year or a Quarterly Participation Period, the Committee may (i) apply the Cash Contributions credited to each Participant's Account to the purchase of Program Shares as of the next applicable Purchase Date, (ii) as promptly as practicable, remit to the Participant the Participant's Cash Account Balance or (iii) undertake a combination of clauses (i) and (ii) in accordance with procedures established by the Committee for this purpose.

  • If the Participant's Cash Account Balance is less than $300, then no portion of the Participant's Cash Account Balance shall be applied to the purchase of Program Shares, but shall be refunded to the Participant as soon as practicable following the end of the Quarterly Participation Period in which he was participating, but in no event later than thirty days following the end of such Quarterly Participation Period.

  • If such Participant's Cash Account Balance is less than $300 on such date, then no portion of the Participant's Cash Account Balance shall be applied to the purchase of Program Shares, but shall be refunded to the Participant as soon as practicable following the end of the Quarterly Participation Period in which the Long-Term Disability Status commences, but in no event later than thirty days following the end of such Quarterly Participation Period.

  • During the Participation Payment Period, on or before each Participation Payment Date, the Borrower shall (i) pay to Lender an amount equal the Total Participation Amount for the most recently completed Quarterly Participation Period (the “Participation Payment”), and (ii) deliver to Lender a statement of Net Cash Flows and calculation of the Total Participation Amount for the Quarterly Participation Period, certified by a Senior Financial Officer.

  • During the Participation Payment Period, on or before each Participation Payment Date, the Borrower shall (i) pay to Lender an amount equal the Total Participation Amount for the most recently completed Quarterly Participation Period (the "Participation Payment"), and (ii) deliver to Lender a statement of Net Cash Flows and calculation of the Total Participation Amount for the Quarterly Participation Period, certified by a Senior Financial Officer.

Related to Quarterly Participation Period

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Swing Line Participation Amount as defined in Section 2.7.

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 15 November 2017 is 100% (in any case, it will not be below 80%).

  • Participation Amount as defined in Section 3.4(b).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Payment Period means the three months following each Collection Quarter.

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

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Non-Payment Period means, with respect to each series of AMPS, any period commencing on and including the day on which the Corporation shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of these Articles Supplementary) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of AMPS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of AMPS called for redemption, the Mandatory Redemption Price per share of such AMPS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.