Annual Allocation Clause Samples
The Annual Allocation clause defines the specific amount of resources, funds, or entitlements that are distributed or made available each year under an agreement. Typically, this clause outlines the quantity or value allocated annually, the schedule for such allocations, and any conditions or limitations that may apply, such as carryover provisions or adjustments based on performance. Its core practical function is to ensure predictability and fairness in the distribution of resources over time, preventing disputes and clarifying expectations for all parties involved.
Annual Allocation. The pool of money available to cover the expense of these visits, workshops, institutes and/or conferences will be as follows: $45,000 each year. If a portion of the $45,000 remains unencumbered after June 1, the unencumbered funds will be transferred to the amount of money available for course reimbursement under Section 7.1.4.
Annual Allocation. 7.1 Subject to the balance of this clause 7, as soon as practicable after each relevant Availability Announcement during the relevant Water Year, the Company must, as soon as practicable after each relevant Availability Announcement during the relevant Water Year, credit or debit the Customer’s Water Allocation Account the same volume of Water Allocation per relevant Water Entitlement as is specified per Megalitre of share component in the Availability Announcement.
7.2 The Company is under no obligation to credit Annual Allocation into the Customer’s Water Allocation Account:
(1) unless and until the Company has had water made available to it under an Access Licence, the category of which corresponds with the Customer’s Water Entitlements, in accordance with the Availability Announcement for the relevant Water Year;
(2) unless and until the relevant Annual Allocation has been determined;
(3) to the extent that the aggregate of the Annual Allocation and Carryover Water credited in respect of any of the Customer’s Water Entitlements in a Water Year would exceed a limit corresponding with the limit imposed by the Legal Requirements applicable in the relevant Water Year in respect of the corresponding category of Access Licence held by the Company;
(4) unless and until the Company and the Customer have agreed upon satisfactory arrangements for:
(a) payment of arrears (if any) of, and security for the payment of, Charges; or
(b) repayment of water debts or water borrowings (including by debiting the Customer’s Water Allocation Account);
(5) if crediting the Annual Allocation would, in the reasonable opinion of the Company, contravene the Company's obligations under a Legal Requirement;
(6) if the Company is entitled elsewhere in the Documents to suspend the crediting of Annual Allocation into the Customer’s Water Allocation Account; or
(7) if the Customer has otherwise agreed, including under any contract with the Company.
7.3 The Company may increase the Customer’s Annual Allocation, and credit the Customer’s Water Allocation Account accordingly, on one or more occasions in any Water Year, at the Company’s discretion, for any reason. The Company may, at its discretion, decrease or cancel any increase under this clause.
7.4 Water Allocation may be withdrawn or suspended by the Company to the extent that any water allocation of the Company is withdrawn or suspended under the Act. The Company must notify the Customer of a withdrawal or suspension of Water Alloca...
Annual Allocation. On January first (lst) of each year, a sum of seven hundred and fifty dollars ($750.00), per each benefits eligible Full-Time Employee shall be provided by the Employer for the Employee to allocate to one or both of the Spending Accounts noted above. On January first (1st) following the date of ratification, a sum of eight hundred and fifty dollars ($850.00), per each benefits eligible Full-Time Employee shall be provided by the Employer for the Employee to allocate to one or both of the Spending Accounts noted above. The Spending Account allocation shall be provided to benefits eligible Part-Time Employees on a pro-rated basis. In order to facilitate enough time for the administrative process, the amount of the allocation for Part-Time Employees will be based on their Full-Time equivalency as of October fifteenth (15th) of each calendar year, rounded to the next higher dollar ($1.00). The Employee may allocate funds in whole or in part to the non-taxable Health Care Spending Account (HCSA) and / or to the taxable Personal Spending Account (PSA). Towards the end of each year Employees will be required to allocate their next year's Spending Account into one or both of the accounts (whole dollar amounts only). Once Employees provide their allocation instructions, they will be unable to change their allocation until the following plan year. Each Plan year runs from January first (1st) to December thirty first (31st). Option forms will be distributed by November fifteenth (15th) of each year and Employees must return their completed allocation forms to Human Resources no later than December first (1st). Employees who are laid off after January first (1st) in the year in which the funds are available, shall maintain access to the funds for the balance of that Spending Account year (January first [1st] to December thirty-first [3lst]) while on layoff.
Annual Allocation. (a) On the first day of January 2016, employees shall become entitled to a maximum of seven (7) Personal Days as per the Short Term Disability Program Policies and Procedures document.
(b) For the period between January 1 and June 30, 2017, each employee shall receive a maximum of five (5) Personal Days on January 1, 2017.
(c) For the period between July 1, 2017 and June 30, 2018, each employee shall receive a maximum of five (5) Personal Days on July 1, 2017.
(d) Employees who receive Personal Days on July 1, 2017, shall be paid the equivalent of half (0.5)
Annual Allocation. (a) At the start of each Irrigation Season the Water Entity must determine the Annual Allocation in respect of the Irrigation Right for that Irrigation Season expressed as a percentage of all annual volumes attached to Scheme Irrigation Rights having the same Expected Reliability and may from time to time change that Annual Allocation during the Irrigation Season.
(b) The determinations of the Water Entity in relation to the Annual Allocation for each Irrigation Season are subject to section 25 of the Irrigation Clauses Act 1973.
(c) Any Annual Allocation for an Irrigation Season not taken in that Irrigation Season will be lost and will not carry over to any later Irrigation Season.
Annual Allocation. On the first full pay period of July, employees working an average of 25 hours or more per week during the previous calendar year are entitled to a maximum of forty (40) Paid Medical Leave (PML) hours.
Annual Allocation. The pool of money available to cover the expense of these visits, workshops, institutes and/or conferences will be as follows: 2012-2013 $45,000
Annual Allocation. On January first (1st) of each year (commencing on January 1, 2019), a sum of seven hundred and fifty dollars ($750.00), per each benefits eligible Full-Time Employee shall be provided by the Employer for the Employee to allocate to one or both of the Spending Accounts noted above. The Spending Account allocation shall be provided to benefits eligible Part-Time Employees on a pro-rated basis. In order to facilitate enough time for the administrative process, the amount of the allocation for Part-Time Employees will be based on their Full-Time equivalency as of October fifteenth (15th) of each calendar year, rounded to the next higher dollar ($1.00). The Employee may allocate funds by December 1st of each year, in whole or in part to the non-taxable Health Care Spending Account (HCSA) and/or to the taxable Personal Spending Account (PSA). Towards the end of each year Employees will be required to allocate their next year’s Spending Account into one or both of the accounts (whole dollar amounts only). Once Employees provide their allocation instructions, they will be unable to change their allocation until the following plan year. Each Plan year runs from January first (1st) to December thirty- first (31st). Employees who are laid off after January f i r s t ( 1st) in the year in which the funds are available, as long as they remain Employees of ▇▇▇▇▇▇▇ and on the recall list, shall maintain access to the funds for the balance of that Spending Account year (January first [1st] to December thirty first [31st]) while on layoff.
Annual Allocation. At the beginning of the fiscal year, employees in the Battalion Chiefs Unit shall be credited with the following to be used to compensate for additional work performed outside of the normal business day. (This allocation will be prorated for employment that begins after the start of the fiscal year.) Administrative leave may be taken as paid time off during the course of the fiscal year.
5.5.1.1 Battalion Chiefs assigned to a 40-hour/week schedule: 80 hours; or
5.5.1.2 Battalion Chiefs assigned to a 56-hour/shift schedule: 5 shifts
Annual Allocation. On January 1st of each year (commencing on January 1, 2019), a sum of one thousand dollars ($1,000.00), per each benefits eligible Full-Time Employee shall be provided by the Employer for the Employee to allocate to one or both of the Spending Accounts noted above. The Spending Account allocation shall be provided to benefits eligible Part-Time Employees on a pro-rated basis. In order to facilitate enough time for the administrative process, the amount of the allocation for Part-Time Employees will be based on their Full-Time equivalency as of October fifteenth (15th) of each calendar year, rounded to the next higher dollar ($1.00). The Employee may allocate funds by December 1st of each year, in whole or in part to the non-taxable Health Care Spending Account (HCSA) and/or to the taxable Personal Spending Account (PSA). Towards the end of each year Employees will be required to allocate their next year’s Spending Account into one or both of the accounts (whole dollar amounts only). Once Employees provide their allocation instructions, they will be unable to change their allocation until the following plan year. Each Plan year runs from January 1st to December 31st. Employees who are laid off after January 1st in the year in which the funds are available, as long as they remain Employees of ▇▇▇▇▇▇▇ and on the recall list, shall maintain access to the funds for the balance of that Spending Account year January 1st to December 31st while on layoff.