Calculation of Rewards. To better simulate live trading environments, hypothetical amounts deemed by Topstep to approximate customary market charges for commissions and fees shall be imputed to Express Trading and netted out of the determination of any Trading Profits (defined below) and added to the balance of any Trading Losses (defined below). At the time of determination, (A) if after netting User’s gross rewards and expenses from the initial balance of User’s Express Account at the commencement of a trading day (the “Daily Starting Balance”) the result is in excess of such Daily Starting Balance, such amount in excess of the Daily Starting Balance shall represent hypothetical “Trading Profits”, and (B) if after netting User’s gross rewards and expenses from the Daily Starting Balance the result is less than the Daily Starting Balance, the difference between such result and the Daily Starting Balance shall represent hypothetical “Trading Losses”. If User engages in any of the Prohibited Conduct, Topstep may, in its sole discretion and without limitation to all other rights and remedies, remove applicable trades and/or trading days from User’s Express Account and not credit the profits and/or losses of such trades toward the calculation of any Trading Profits or Trading Losses.
Calculation of Rewards. For investment products, Tuition Rewards points are typically calculated by multiplying designated account balances by 5% annually (or 2.5% semi-annually or 1.25% quarterly, unless otherwise specified). 1 point shall have the value of $1.00. For example, an annual account balance of $20,000 over six years would earn 1,000 Tuition Rewards Points per year, for a total Tuition Reward of 6,000 points (assuming no change in the net asset value ($20,000) of the eligible investment). Tuition Reward points are calculated independently and are not part of the total returns on eligible investment balances. For healthcare and life insurance products, Tuition Rewards points may be assigned a fixed annual value. Or, students may receive annual Tuition Rewards points on their birthdays. In all programs, new points are added to the Sponsor (or student) account balances. The maximum Tuition Reward per student varies by Participating Colleges but is typically one full year of tuition (divided evenly over four years of attendance) - or as contractually agreed between SAGE and the Participating College. The colleges may include Tuition Rewards as part of their normal financial aid and scholarship packages and may require completion of an application for financial aid consistent with standard requirements for applications for financial aid. There is no limit on the number of Tuition Reward points that a Sponsor (parent, grandparent, aunt/uncle) can earn. (3.1) Tracking of Rewards - Pennsylvania 529 College Savings Program Participants Tuition Rewards are accumulated on a quarterly basis, with new points added directly to a student-specific account. No Tuition Rewards points will be earned after either (a) the quarter ending June 30th between the student’s junior and senior years in high school, or (b) after the student’s 17th birthday, whichever comes first.
