Class year Sample Clauses

The "class year" clause defines the specific group or cohort of individuals, typically employees or students, who share a common starting date or period within an organization or program. In practice, this clause is used to distinguish between different groups for purposes such as benefit eligibility, vesting schedules, or academic progression. By clearly identifying which individuals belong to which class year, the clause ensures accurate administration of rights, obligations, or benefits, and helps prevent confusion or disputes regarding group-based entitlements.
Class year. Apply the vesting schedule separately to the Deferred Compensation for each Taxable Year.
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Class year. The group of generation and merchant transmission projects included in any particular Class Year Interconnection Facilities Study (Annual Transmission Reliability Assessment and/or Class Year Deliverability Study), in accordance with the criteria specified in this Attachment S and in Attachment Z for including such projects.
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Related to Class year

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).