Calculation Sequence Clause Samples
The Calculation Sequence clause defines the specific order in which calculations or adjustments must be performed under an agreement. In practice, this clause outlines the step-by-step process for determining amounts such as payments, deductions, or adjustments, ensuring that each calculation is based on the correct preceding values. By establishing a clear sequence, the clause prevents disputes or confusion over how figures are derived, thereby ensuring accuracy and consistency in financial or contractual computations.
Calculation Sequence. Profit as determined in Paragraph 3 (a) above will be used to calculate the amount of the contribution to the Benefit Trust as provided in Section C(1)(b) of the Benefit Trust found in Appendix BB of the 2003 Settlement Agreement. Profit after deducting the amount of the contribution to the Benefit Trust will then be used to calculate the amount of the Profit Offset as provided in the Program of Hospital-Medical Benefits. Profit after deducting the amount of the contribution to the Benefit Trust and the amount of the Profit Offset will then be used to calculate the Pool available for Profit Sharing as provided in Article Nine, Section E.