Allocation Year Sample Clauses

The Allocation Year clause defines the specific 12-month period during which certain rights, obligations, or financial allocations under the agreement are measured or applied. Typically, this clause clarifies whether the allocation year aligns with the calendar year, a fiscal year, or another defined period, and it may specify how changes to the period are handled. Its core practical function is to ensure consistency and clarity in tracking and applying contractual provisions that depend on annual cycles, thereby preventing disputes over timing and allocation of resources or responsibilities.
Allocation Year. The Allocation Year of the Company shall be the calendar year or as otherwise selected by the Manager.
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Allocation Year. The calendar year for which an allocation is made to a Participant’s Account pursuant to Article IV.
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Allocation Year. Unless otherwise required pursuant to the Code and Regulations; (i) the period commencing on the Effective Date and ending on the first December 31 thereafter; (ii) any subsequent Fiscal Year; or, (iii) any portion of the period described in clauses (i) or (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss, deduction or other items pursuant to Section 6.1 hereof.
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Related to Allocation Year

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Taxable Year The taxable year of the Partnership shall be the calendar year.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.