Example of Calculation Clause Samples

The "Example of Calculation" clause provides a sample computation to illustrate how a particular formula or method in the agreement should be applied. Typically, it walks through a hypothetical scenario using assumed numbers to demonstrate the step-by-step process of reaching a result, such as calculating interest, penalties, or payments. This clause helps ensure that all parties have a clear, shared understanding of how calculations are to be performed, reducing the risk of disputes or confusion over the intended methodology.
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Example of Calculation. 000 lines are converted to McLeodUSA service in a week. . 900 lines have SMDR activated within 36 hours of conversion; 100 lines do not have SMDR activated. . Since SMDR has been activated within 36 hours on only 90% of the lines, the standard is not met and a credit is due. . Because the 95% standard was "missed" by 50 lines, the credit will not be reduced until the total number of lines for the week with SMDR flags not set is less than or equal to 50. Examples of various situations are shown below: . All 100 flags set within 24 hours after SMDR deadline: Credit equal 50 lines * 1 day * $0.50 = $25.00 . 75 flags are set within 24 hours after the SMDR deadline, and the other 25 flags are set within 48 hours after the SMDR deadline: Credit equals [50 lines * 1 day * $0.50] = $25.00 . No flags are set within 24 hours after the SMDR deadline, and all 100 flags are set within 48 hours after the SMDR deadline: Credit equals [50 lines * 2 days * $0.50] = $50.00 . No flags are set within 24 hours after the SMDR deadline, 50 flags are set within 48 hours after the SMDR deadline, and 50 flags are set within 72 hours after the SMDR deadline: Credit equals [50 lines * 2 days * $0.50] = $50.00 . 40 flags are set within 24 hours after the SMDR deadline, no additional flags set in the next 24 hours, and the remaining 60 are set within 72 hours after the SMDR deadline: Credit equals [50 lines * 3 days * $0.50] = $75.00
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Example of Calculation. Employee A retires with 20 years of service. Employee A has a sick leave balance of 500 hours. Employee A has a base salary rate of $25.00 per hour at the time of separation. Wellness Incentive = 2.5% for each year of service x 20 years of service = 50% x 500 hours = 250 hours. 250 hours x $25.00 (base salary at time of separation) = $6,250.00 421. The number of hours for which an employee may receive cash payments shall not exceed one thousand forty (1040) hours, including any vested sick leave.
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Example of Calculation. 30.12.01 A member with ten (10) years’ service, whose salary was $100,000 and who had more than two hundred and forty (240) accumulated sick leave days: $100,000 x 1/240 x 240 x 50% = $50,000 30.13.01 The amount of gratuity shall not exceed one-half of the salary which the member concerned received in the last twelve (12) months of employment with Federation. 30.13.02 A member who works part-time in the last year of employment with the Federation, shall have salary in the last twelve (12) months annualized for purposes of calculating the service gratuity. 30.13.03 A member who takes a leave in the last year of employment with the Federation shall have the member’s service gratuity calculated using the salary the member would have received had the member not been on leave.
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Example of Calculation. For example, if Net Sales in the Territory for a ---------------------- Marketing Year total [*], the royalty to be paid by Lundbeck shall be [*] on the first [*] Net Sales, or [*] plus [*] on Net Sales over [*] up to and including [*], or [*] plus [*] on Net Sales over [*] up to and including [*], or [*] plus [*] on Net Sales over [*] up to and including [*], or [*] plus [*] on Net Sales over [*], or [*] for a total royalty of [*].
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Example of Calculation. For purposes of this example, assume the journeyman total package is $50.48 and the sub- contractor is paid $3,500.00: $ 3,500.00  $ 50.48 = 69.33 Hours To Be Reported
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Example of Calculation. Employee A retires with 20 years of service. Employee A has a sick leave balance of 500 hours. Employee A has a base salary rate of $25.00 per hour at the time of separation. Wellness Incentive = 2.5% for each year of service x 20 years of service = 50% x 500 hours = 250 hours. 250 hours x $25.00 (base salary at time of separation) = $6,250.00 358. 359. The number of hours for which an employee may receive cash payments shall not exceed one thousand forty (1040) hours, including any vested sick leave. A wellness incentive bonus payment shall not be considered as part of an employee’s compensation for the purpose of computing retirement benefits. III.U. PARENTAL RELEASE TIME 360. Upon proper advance notification, employees may be granted up to 40 hours Parental Leave – two hours of which will be paid leave each semester – each year to participate in the activities of a school or licensed child day care facility of any of the employee’s children. Parental Leave shall not exceed eight hours in any calendar month of the year.
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Example of Calculation. Attachment C-5 of this Schedule C sets forth an example of the calculation of ARCs and RRCs.
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Example of Calculation. Suppose the total credits over the previous two years were 430,000, and the state aid increase was 4% in FY 2024. The staffing formula would call for 215,000/1200 = 179 teachers. State aid exceeds 2.75% by 1.25%, which is 1.67 three-fourths percentages (1.25%/0.75% = 1.67). 1.67 rounds to 2, which is added to the minimum staffing level formula result (179 + 2), yielding 181 teachers. The 2 added teachers would be cumulatively added to the formula calculation in future years.
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Example of Calculation. For purposes of demonstrating how the Commission will be calculated pursuant to this Article II of the Agreement, the Parties agree that Exhibit A (Example of Commission Calculations) represents a model of how the Commission calculations will be made by LANCER pursuant to this Agreement. The Parties further agree that the dollar amounts set forth in Exhibit A are made solely for the purpose of demonstrating the model, and may not necessarily reflect the actual amounts of cash received, negative draws, or adjustments in any given period of time.
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Related to Example of Calculation

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • METHODS OF CALCULATION 224. Bi-Weekly. An employee whose compensation is fixed on a bi-weekly basis shall be paid the bi-weekly salary for his/her position for work performed during the bi-weekly payroll period. There shall be no compensation for time not worked unless such time off is authorized time off with pay.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Pro Forma Calculations (a) Notwithstanding anything to the contrary herein, financial ratios, tests and covenants, including the Leverage Ratio and the Fixed Charge Coverage Ratio shall be calculated in the manner prescribed by this Section 1.9. (b) For purposes of calculating any financial ratio, covenant or test, Specified Transactions (with any incurrence or repayment (excluding voluntary repayments) of any Debt in connection therewith to be subject to Section 1.9(c)) that have been made (i) during the applicable measurement period and (ii) subsequent to such period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in EBITDA and the component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable measurement period. If, since the beginning of any applicable period any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into Borrower or any of its Subsidiaries since the beginning of such period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.9, then such financial ratio or test shall be calculated to give pro forma effect thereto in accordance with this Section 1.9. (c) In the event that Borrower or any Subsidiary incurs (including by assumption or guarantees) or repays (including by redemption, repayment (other than voluntary repayments), retirement or extinguishment) any Debt included in the calculations of any financial ratio, covenant or test (in each case, other than Debt incurred or repaid under any revolving credit facility), (i) during the applicable period or (ii) subsequent to the end of the applicable period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Debt, to the extent required, as if the same had occurred on the last day of the applicable period.