Amount and Calculation Clause Samples
The "Amount and Calculation" clause defines how specific monetary amounts are determined and calculated within the context of the agreement. It typically outlines the formula, variables, or reference points used to arrive at the final figures, such as payment amounts, fees, or damages. For example, it may specify that a payment is based on a percentage of sales or a fixed rate per unit delivered. This clause ensures transparency and consistency in financial dealings, reducing the risk of disputes over how amounts are computed.
Amount and Calculation. Should the Employee achieve 100% of the Targets, the Incentive Bonus shall be $120,000 (the "Base Incentive Bonus"). A lesser or greater Incentive Bonus will result should the Employee achieve 3 less or more than 100% of the Targets, but in any event, the maximum Incentive Bonus that the Employee shall be eligible to receive is $142,500, such amount to be determined in accordance with the terms of Exhibit A hereto. The Employee understands and agrees that he is not guaranteed an Incentive Bonus and that the amount of Incentive Bonus, if any, is dependent on his achieving one or more of the Targets for the criteria set forth in the Bonus Structure. In this regard, should the Employee fail to achieve any of such Targets, the Employee shall not be entitled to an Incentive Bonus for the applicable period. "EBITDA," as used in this Agreement and the Bonus Structure for any calendar year, shall mean the earnings before income tax, depreciation and amortization for such year, as determined in accordance with generally accepted accounting principles by the certified public accountants regularly engaged by the Company. The determination of the Company's regularly engaged public accountants shall be final and conclusive on the parties hereto.
Amount and Calculation. Reactor Gallons up to a maximum of [*] ---------------------- per calendar year will be deemed Flex Capacity for purposes of the additional payment due Supplier as provided in this Section 5.3(a) if Reactor Gallons included in the Firm Capacity Committed for a given calendar year exceed the number of Contract Reservation plus Additional Purchased Capacity Reactor Gallons for that year. For each Reactor Gallon treated as Flex Capacity and any Additional Purchased Capacity, GWI shall pay to Supplier an amount equal to [*] The effective rate per Reactor Gallon then charged by Supplier to its other customers shall be determined in good faith by the mutual agreement of the parties, taking into account all amounts (other than amounts equal to Supplier's costs for any materials calculated in a manner consistent with the provisions of the second sentence of Section 5.2(a)) [*] or otherwise reserved for that customer. In determining such effective rate, the parties shall consider and appropriately account for the effect, if any, of any special pricing arrangements with the customer.
Amount and Calculation. Vacation benefits for full-time employees shall be as follows: 1 year (2, 000 hours) - 10 work days - 2 weeks 5 years (10, 000 hours) - 15 work days - 3 weeks 10 years (20,000 hours) - 20 work days - 4 weeks