Trust Year definition

Trust Year means the period beginning on the date of the Closing (the "Closing Date") and ending on the next following December 31st and on each December 31st thereafter.

Trust Year means the fiscal year beginning July 1 and ending the following June 30 of each year for purposes of the calculation of benefits.

Trust Year means each twelve month calendar year, except the first Trust Year which shall begin on the date first written above and end on December 31, 1992.

Examples of Trust Year in a sentence

• Changes made during the Trust Year, whether requested by the Member or required by the Trust, will be handled by Endorsement.

• The Trustee will report to the Plan Administrator the net income, gain or losses incurred by each Participant directed Account separately from the net income, gain or losses incurred by the general Trust during the Trust Year.

• In the event the Member does not wish to have its coverages extended or renewed at the end of any Trust Year, the burden shall be upon the Member to give written notice to the Trust as provided herein above and the Member agrees to pay as hereinabove stated all contributions or pro rata contributions, in addition to all currently- due interest and late fees, until the date such written notice is received in the offices of the Trust or the date of termination of this Agreement, whichever is later.

• The Trust shall, within a reasonable amount of time after the end of the Trust Year, annually refund surplus revenue, if any, to participating Members.

• Annual contributions shall be established at least forty-five (45) days before commencement of the Trust Year for which that contribution applies.

More Definitions of Trust Year

Trust Year means the calendar year, on which the books and records of the Trust are maintained.

Trust Year means the twelve (12) month period beginning each July 1 and ending the following June 30 on which the books and records of the Trust are maintained.

Trust Year means the period beginning on the date hereof and ending on September 30, 1995, and each 12 month period beginning on October 1 and ending on September 30 thereafter.

Trust Year means the year beginning on January 1 of each calendar year and ending on December 31 of the same calendar year.

Trust Year means the fiscal year of the Employer.

Trust Year means the fiscal year ending on June 30 of each year.

Trust Year means (i) initially, the period of time commencing on the Deposit Date and ending on the date that is twelve (12) months later and (ii) subsequently, each successive twelve (12) month period thereafter.