Definition of Eligibility Computation Period Clause Samples

The Definition of Eligibility Computation Period clause establishes the specific timeframe used to determine whether an individual or entity meets certain eligibility requirements under an agreement or plan. Typically, this clause outlines the start and end dates of the period during which relevant criteria—such as employment status, hours worked, or other qualifying activities—are measured. For example, it may specify that eligibility is assessed based on performance or participation within a calendar year or a rolling 12-month period. By clearly defining the computation period, this clause ensures consistency and transparency in eligibility determinations, reducing ambiguity and potential disputes.
Definition of Eligibility Computation Period. An Eligibility Computation Period is a 12-consecutive month period.
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Related to Definition of Eligibility Computation Period

  • Determination of Eligibility The Plan Administrator shall determine the eligibility of each Employee for participation in the Plan based upon information provided by the Employer. Such determination shall be conclusive and binding on all individuals except as otherwise provided herein or by operation of law.

  • Interest Eligibility and Computation If NYSERDA fails to make Prompt Payment, NYSERDA shall pay interest to the Contractor on the Payment when such interest computed as provided herein is equal to or more than ten dollars ($10.00). Interest shall be computed and accrue at the daily rate in effect on the Date of Payment, as set by the New York State Tax Commission for corporate taxes pursuant to Section 1096(e)(1) of the Tax Law. Interest on such a Payment shall be computed for the period beginning on the day after the Payment Due Date and ending on the Date of Payment.

  • TAX LIMITATION ELIGIBILITY In order to be eligible and entitled to receive the value limitation identified in Section 2.4 for the Qualified Property identified in Article III, the Applicant shall: A. have completed the Applicant’s Qualified Investment in the amount of $30,000,000 during the Qualifying Time Period; B. have created and maintained, subject to the provisions of Section 313.0276 of the TEXAS TAX CODE, New Qualifying Jobs as required by the Act; and C. pay an average weekly wage of at least $1,185.50 for all New Non-Qualifying Jobs created by the Applicant.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Definition of Change in Control For purposes of the Agreement, a “Change in Control” shall mean the occurrence of any one of the following events: