Example No. 1: If an employee, Xxxx Xxx, three weeks of vacation and twelve days of sick leave each year, then that is the maximum amount that may be claimed during a contract period of one year. If Xxxx Xxx has five weeks of vacation and eighteen days of sick leave at the beginning of the agreement, the Contractor during a one-year agreement term may only claim up to three weeks of vacation and twelve days of sick leave actually used by the employee. Amounts in periods prior to the beginning of the agreement are not an allowable cost.
Example No. 2: If during a three-year (multiple year) agreement, Xxxx Xxx does not use his three weeks of vacation in year one, or his three weeks in year two, but he does actually use nine weeks in year three; the Contractor would be allowed to claim all nine weeks paid for in year three. The total compensation over the three-year period cannot exceed 156 weeks (3 x 52 weeks).
Example No. 3: If during a single year agreement, Xxxx Xxx works fifty weeks and used one week of vacation and one week of sick leave and all fifty-two weeks have been billed to DHS, the remaining unused two weeks of vacation and seven days of sick leave may not be claimed as an allowable cost.
Example No. 2 Engineer goes under pay at A (tie-up point) at 6:00 a. m.; goes on duty at A, 7:00
Example No. 4 Engineer on duty at A (district terminal) at 12:30 p.m.; runs A to B, 22 miles; B to C (an intermediate point), 28 miles, C to D, and return to C, 41 miles; arrives at C, 6:15 p.m.; switches and ties up at C at 8:30 p.m. Compensation -- 91 miles plus 2 hours, 15 minutes terminal time at pro rata rate. Section (c)(4) of this rule does not apply to work, wreck, construction, supply, snow plow, helper service or circus trains, or to crews tied up between terminals because of washouts, wrecks, storms, blizzards, etc.
Example No. 3: If during a single year contract, Xxxx Xxx, works fifty weeks and uses one week of vacation and one week of sick leave and all fifty-two of these weeks have been billed to the State, the remaining unused two weeks of vacation and seven days of sick leave may not be claimed as an allowable cost. of California Health Services Agency of Health Services ’nstructions to Contractor: CONTRACTORS RELEASE Exhibit D final submit one original and two (2) copies. The original must bear the original signature of a person authorized to bind the Contractor. The additional copies may bear photocopied signatures. Submission of Final Invoice Pursuant to contract number entered into between the State of California Department of Health Services and the Contractor (identified below), the Contractor does hereby acknowledge that final payment has been requested via invoice , in the of $ and dated . If necessary, enter “See Attached“ in the .appropriate blocks and attach a list of invoice numbers, dollar amounts and invoice dates. Release of all Obligations By signing this form, and upon receipt of the amount specified in the invoice referenced above, the Contractor does hereby release and discharge the State, its officers, agents and employees of and from any and all liabilities, obligations, claims, and demands whatsoever arising from the above referenced contract. Repayments Due to Audit Exceptions Record Retention By signing this form, Contractor acknowledges that expenses authorized for reimbursement does not guarantee final allowability of said expenses. Contractor agrees that the amount of any sustained audit exceptions resulting from any subsequent audit made after final payment, will be refundedto the State. All expense and accounting records related to referenced contract must be maintained for audit purposes for no less than three years beyond the date of final payment, unless a longer term is stated in said contract. Recycled Product Use Certification By signing this form, Contractor certifies under penalty of perjury that [Enter “percentage value” or “zero”] percent of the materials, goods, supplies or products offered or used in the performance of the above referenced contract meets or exceeds the minimum percentage of recycled material, as defined in Public Contract Code Sections 12161 and 12200. Reminder to Return State (If Applicable) (Applies only if equipment was provided by DHS or purchased with or reimbursed by contract funds) Unless DHS has approved the c...
Example No. 2: If, at the time EBITDA is finalized for the period with respect to which the Earnout Payment is due, the value of a Parent Share using the Share Valuation Method (prior to the application of the Collar) is $75.00, then the Collar would act to limit the value of a Parent Share to $69.00 (115% of $60.00). Accordingly, the Shareholders would receive an aggregate of 72,463 Parent Shares ($5,000,000/$69.00) rather than 66,666 Parent Shares ($5,000,000/$75.00). EXHIBIT I SAMPLE EARNOUT PAYMENT CALCULATION Earnout Calculation Example Year 1 Year 2 ($ in 000s) Scenario 1 Scenario 2 Scenario 3 Scenario 1 Scenario 2 Scenario 3 Revenue 11,445 14,646 17,750 12,028 17,680 22,000 EBITDA 1,451 3,891 6,450 1,302 5,632 9,450 Minimum Revenue 17,500 17,500 17,500 Minimum EBITDA 2,000 2,000 2,000 3,500 3,500 3,500 Strategic targets hit (y or n) y y y y y y Payment — based on revenue — — — — 1,000 1,000 Payment — based on EBITDA — 2,724 4,500 — 4,505 4,500 Payment — based on strategic goals — 2,000 2,000 — 2,000 2,000 Total earnout payments — 4,724 6,500 — 7,505 7,500 Total purchase price including earnout 12,000 24,229 26,000 Revenue Recognition Example Capital Lease Structure (example) Monthly Fee for Core Offering* $ 10,000 Total Contract Term, in months 60 Total Contract Value $ 600,000 Conversion of Contract Value for Earnout, over term License Revenue $ 247,500 Implementation and Integration, based on 750 hours @ $150/hr $ 112,500 Software Support & Maintenance fee (includes hosting) @ $4K/mo, start month 5 (go-live) $ 240,000 $ 600,000 Earnout GAAP Difference Month 1, contract signed, software revenue recognized $ 247,500 $ 10,000 $ 237,500 Month 2-4, services renderred and revenue recognized as performed $ 112,500 $ 30,000 $ 82,500 Month 5-12, after go-live, Maintenance revenue recognized $ 32,000 $ 80,000 $ (48,000 ) Total Year 1 recognition^ $ 392,000 $ 120,000 $ 272,000 Maintenance revenue to be recognized monthly over remaining term Year 2 Recognition $ 48,000 $ 120,000 $ (72,000 ) Susequent to Year 2 Recognition $ 160,000 $ 360,000 $ (200,000 ) Remaining life of contract $ 208,000 $ 480,000 $ (272,000 ) Total Revenue Recognized $ 600,000 $ 600,000 $ — * Excludes 3rd party offerings, includes Software, Maintenance, Hosting, and Services ^ Earnout calculation will use VSOE principles as the overriding method in calculating all deal type recognition, as approved by QSII Accounting
Example No. 1: Crew required to report for duty at 8:00 A. M., engine placed on designated track at 4:00 P. M., (crew changed in the yard at the beginning and ending of shift). Allowance: one day plus fifteen (15) minutes arbitrary allowance at pro rata rate. Example No.2: Crew required to report for duty at 8:00 A. M., engine placed on designated track at 4:15 P. M., (crew changed in the yard at the beginning and ending of shift). Allowance: One day, fifteen (15) minutes at the punitive rate, plus fifteen (15) minutes arbitrary allowance at the pro rata rate.
Example No. 4 — Tracking Account has a negative $1,120,565.35 balance at start of the Year (that is not a leap year or a major maintenance outage year) following the Year described in Example No. 3, with $3,319,373.30 carried over from such preceding Year. [Section 1.47 & 10.15(b)(iv)]. AVCF equals 88.000%. The Facility produces constant NEO of 159,248 kW during each Winter Period hour and 157,153 kW during each Summer Period hour, yielding an ACF of 95.244%, i.e., DC / ((MCS * Hours in the Summer Period) + (MCW * Hours in the Winter Period)). [Section 1.1] CUP [Section 1.3, 1.11, 1.23, & 1.37] Jan – Mar = (3.185(cent)/kWh + 2.160(cent)/kWh) / .88000 = 6.074(cent)/kWh CUP [Section 1.3. 1.11, 1.23, & 1.37] Apr – Dec = (3.185(cent)/kWh + 2.203(cent)/kWh) / .88000 = 6.123(cent)/kWh MCUP [Section 1.33, 1.23, & 1.2] = FCC + AO&MCC = 3.185(cent)/kWh + 2.192(cent)/kWh = 5.377(cent)/kWh MACP allowed for the Year [Section 1.30 & 10.15(a)] = ((MCW) * (Hours in the Winter Period) * (MCUP)) + ((MCS) * (Hours in the Summer Period) * (MCUP)) = ((167200) * (4368) * (.05377)) + ((165,000) * (4392) * (.05377)) = $39,269,822.59 + $38,966,043.60 = $78,235,866.19 Total Capacity Purchase Payments made during the Year are capped at MACP or $78,235,866.19 [Section 1.30 & 10.15(a)] Product of the applicable Delivered Capacity and Capacity Unit Price for the Year = ((NEO from 1/1 through 3/31) * (applicable CUP)) + ((NEO from 4/1 through 9/30) * (applicable CUP)) + ((NEO from 10/1 through 12/31) * (applicable CUP)) = ((159,248) * (90) * (24) * (.06074)) + ((157,153) * (183) * (24) * (.06123)) + ((159,248) * (92) * (24) * (.06123)) = $84,684,674.14 CPPA [Section 10.15(b)(v)(2)] = Least of (a) 4% of MACP, (b) the carried-over amount from the preceding Year plus the amount by which the product of DC and CUP for the Year exceeds the MACP, or (c) absolute value of negative Tracking Account balance = Least of (a) ($78,235,866.19) * (.04), (b) ($3,319,373.30) + ($6,448,807.95) or (c) $1,120,565.35 = Least of (a) $3,129,434.65, (b) $9,768,181.25 or (c) $1,120,565.35 = $1,120,565.35 65 Tracking Account balance at the end of the Year [Section 10.15(b)(v)(2)] = ((negative Tracking Account balance at the beginning of the Year) + (Carried-over amount from the preceding Year)) + ((Product of DC and CUP for the Year) – (MACP)) = ((negative $1,120,565.35) + ($3,319,373.30)) + ($6,448,807.95) = positive $8,647,615.90. EXAMPLE NO. 5 — Tracking Account has a negative $1,120,565.35 balance at start of the Year (...
Example No. 1: The “Value” (as defined in the Partnership Agreement) of the Stock (as defined in the Contribution Agreement) at the time that H. Xxxxx Xxxxxx and Xxxxxxx Xxxxxx (collectively, “Knuppe”) tender the Series A Units for redemption is $20.00 per share of Stock, and Parent elects to acquire all of the Tendered Series A Units in exchange for Stock.
