Illustrative Example Sample Clauses
An Illustrative Example clause provides a specific scenario or case to clarify how a particular provision or term in the contract should be interpreted or applied. This clause typically presents a hypothetical situation that demonstrates the intended meaning or operation of a contractual term, such as showing how a payment calculation works or how a process should be followed under certain conditions. By offering a concrete example, the clause helps prevent misunderstandings and ensures that all parties have a shared understanding of the contract’s requirements, thereby reducing the risk of disputes over interpretation.
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Illustrative Example. (i) Chemical A was dissolved in 0.010 M pH 7.0 buffer. The solution was filtered through a 0.2 )m filter, air saturated, and analyzed. It contained 1.7×10 ¥5 M A, five-fold less than its water solubility of 8.5×10 ¥5 M at 25 °C. A uv spectrum (1-cm path length) versus buffer blank showed no absorbance greater than 0.05 in the wavelength interval 290 to 825 nm, a condition required for the Phase 2 pro- tocol. The 180 mL mixture was diluted by the addition of 20 mL of SHW stock solution.
(ii) The SHW solution of A was photolyzed in sealed quartz tubes (12×100 mm) in the fall season starting on October 1. At the end of 1 and 2 days, respectively, the concentration of A was found to be 1.13×10 ¥5 M and 0.92×10 ¥5 M compared to unchanged dark controls (1.53×10 ¥5 M).
(iii) The tube photolysis rate con- stant of chemical A was calculated from Equation 2 under paragraph (c)(2)(vi)(B) of this section. The first time point at day 1 was used because the fraction of A remaining was in the range 20 to 80 percent:
Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the aggregate vote of the trust for Underlying Share Proposal A (with three Proposal Choices of “For,” “Against” or “Abstain”). Assuming the Fractional Vote Share of the Dividend Certificate is 0.125, the Fractional Vote Share of the Asset Certificate is 0.875, and the aggregate votes cast by Trust Certificate holders are as outlined in the table below: For 430,000 325,000 Against 100,000 125,000 Abstain 737 2,100 Non-Votes 69,263 147,900 Total Certificates Outstanding (same as Total Underlying Shares held by the Trust) 600,000 600,000 ● The Vote Totals for the Dividend Certificates would be “For” 53,750 (430,000 x 0.125), “Against” 12,500 (100,000 x 0.125), and “Abstain” 92 (737 x 0.125, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Vote Totals for the Asset Certificates would be “For” 284,375 (325,000 x 0.875), “Against” 109,375 (125,000 x 0.875), and “Abstain” 1,837 (2,100 x 0.875, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Aggregate Voting Proportion for each Proposal Choice for this hypothetical Underlying Share Proposal A: “For” = 73.20% ((53,750 + 284,375)/(53,750 + 12,500 + 92 + 284,375 + 109,375 + 1,837)), “Against” = 26.38% ((12,500 + 109,375)/461,929), and “Abstain” = 0.42% ((92 + 1,837)/461,929). Non-votes are not taken into account in calculating Aggregate Voting Proportions. ● If the Trust held a total of 600,000 Underlying Shares, for Underlying Share Proposal A, the Trust would vote 439,200 Underlying Shares as “For” (73.20% x 600,000), 158,280 Underlying Shares as “Against” (26.38% x 600,000), and 2,520 Underlying Shares as “Abstain” (0.42% x 600,000).
Illustrative Example. (i) From Phase 2 testing, under paragraph (c)(6)(iii) of this section, chemical A was found to have a photolysis rate constant, (kp)SHW′ of 0.30 d¥1 in fall in round tubes at latitude 33° N. Using Table 1 under paragraph (d)(1)(vii) of this section for 30° N, the nearest decadic latitude, a fall value of ka equal to 333 d¥1 is found for PNAP. Substitution of (kp)SHW and ka into Equation 15 under paragraph (d)(2)(i) of this section gives [PYR] = 0.0242 M. This is the concentration of pyridine that gives an actinometer rate constant of 0.30 d¥1 in round tubes in fall at this latitude.
(ii) The actinometer solution was made up by adding a volume of pyri- dine (1.95 mL) calculated from equation 16 under paragraph (d)(2)(ii) of this sec- tion to a 1 liter volumetric flask con- taining 1.00 mL of 1.00 × 10¥2 M PNAP in acetonitrile. The flask was filled to the mark with distilled water to give final concentrations of [PYR]=0.0242 M and [PNAP]=1.00×10¥5 M. Ten tubes of each of the following solutions were placed in the photolysis rack at 1,200 hours on day zero:
(A) Chemical A (1.53×10¥5 M) in stand- ard SHW (0.010 M, pH 7 phosphate buff- er).
(B) Chemical A (1.53×10¥5), in 0.010 M, pH 7 phosphate buffer.
(C) SHW standard solution diluted with water 0.90 to 1.00 to match solu- tion A.
(D) PNAP/PYR actinometer solution. Ten additional foil-wrapped controls of each mixture were taped to the bottom of the rack.
(iii) The test chemical had been placed in category B, Table 2 under the paragraph (d)(2)(iv) of this section, on the basis of its Phase 2 rate constant under paragraph (c) of this section. Ac- cordingly, two tubes of each irradiated solution and two tubes of each blank solution were removed at 0, 1, 2, 4, and 8 days at 1,200 hours. The averaged ▇▇▇- lytical results obtained at the end of the experiment are shown in the fol- lowing Table 3. Table 3—Chemical Analytical Results for Illustrative Example, Phase 3 Day 105[C]SHW, M 105[C]W, M ASHW370 105 [PNAP], M 0 ...................................................................................... 1.53 1.53 0.0500 1.00 1 ...................................................................................... 1.03 1.40 0.0470 0.810 2 ...................................................................................... 0.760 1.30 0.0440 0.690 4 ...................................................................................... 0.300 1.01 0.0370 0.380 8 ...............................................................
Illustrative Example. If actual performance is between performance levels, the Applicable Percentage will be prorated between such performance levels. The following example illustrates the method of such proration. Assume that in the year 2007 the actual Operating Ratio was 79.6%, actual EBITDA was $551 million and actual ROCE was 8.8%. The difference between the 2007 Target Operating Ratio and the actual 2007 Operating Ratio is .2, representing 15.4% of the difference between the 2007 Target Operating Ratio and the 2007 Maximum Operating Ratio (i.e., .2/(79.8-78.5)). Thus, the Operating Ratio earned percentage before weighting would be 115%. The difference between the 2007 Target EBITDA and the actual 2007 EBITDA would be $2 million, representing 2% of the difference between the 2007 Target EBITDA and the 2007 Maximum EBITDA (i.e., 2/(649-549)). Thus, the EBITDA earned percentage before weighting would be 102%. The difference between the 2007 Target ROCE and the actual 2007 ROCE would be .2, representing 13% of the difference between the 2007 Target ROCE and the 2007 Maximum ROCE (i.e., .2/(10.1-8.6)). Thus, the ROCE earned percentage before weighting would be 113%. Finally, each metric would be multiplied by the appropriate weighting factor and the weighted earned percentages would be added together to determine the earned percentage. In this example the weighted earned percentage would be 111.25%, as demonstrated in the table below: A. 2007 Actual 78.6% $551 million 8.8%
Illustrative Example. If the minimum hourly rate is $30 and the Agreement provides for a wage increase of 3% on 1 December 2024, but the Commonwealth Government’s direction is to increase the applicable hourly rate by $3 on 1 October 2024, then, as a term of this Agreement, the Employer will increase the hourly rate to $33 on 1 October 2024 and then apply the 3% wage increase on 1 December 2024 to the hourly rate of $33.
Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the respective vote fractions, assuming one vote per Underlying Share, the 90-Day VWAP of the Asset Certificate is $350.00 and the 90-Day VWAP of the Dividend Certificate is $50.00: As a result, in this illustrative example, each Asset Certificate would be allocated 0.875 of a vote per certificate, and each Dividend Certificate would be allocated 0.125 of a vote per certificate.
Illustrative Example. Hours Worked PP1 + Hours Worked PP2 / 160 x 8 = Holiday Pay 32 hrs.(PP1) + 56 hrs.(PP2) / 160 x 8 = 4.4 hrs. Holiday Pay
Illustrative Example. Inputs: S = Underlying Security Price X = Exercise Price PV(X) = Present value of the Exercise Price, discounted at a rate of R = X * (e^-(R * T)) V = Volatility R = continuously compounded risk free rate = 2 * [ ln (1 + Interest Rate / 2) ] T = Time to Expiration W = warrant value per underlying share Z = number of shares underlying warrants Value = total warrant value Formulaic inputs: D1 = [ ln [ S / X ] + (R + (V^2 / 2)) * T)] ÷ (V * ÖT) D2 = [ ln [ S / X ] + (R - (V^2 / 2)) * T)] ÷ (V * ÖT) W = [N(D1) * S] — [N(D2) * PV(X)] Where “N” is the cumulative normal probability function Value = W * Z
Illustrative Example. The Indicative Price Bids shall be submitted by the various bidders in the following format:
Illustrative Example. For purposes of illustration only, assume that: • The Initial EPS Percentage is achieved as follows: Pre-Set Year 1 200% 25% 50.0% Year 2 79% 25% 19.7% Year 3 80% 25% 19.9% Pre-Set Year 3 100% 25% 25.0% Total: 114.7% • The Initial ROIC Percentage is achieved as follows: Pre-Set Year 1 0% (below Threshold) 25% 0.0% Year 2 150% 25% 37.5% Year 3 100% 25% 25% Pre-Set Year 3 50% 25% 12.5% Total: 75% • The RTSR Percentage Modifier is 110%. In such case, 104.34% of the PSUs would be earned, calculated as follows: 2 X 110% = 104.34% AAR Corp. AIR Franklin Electric Co., Inc. FELE National Presto Industries, Inc. NPK ABM Industries Incorporated ABM Gates Industrial Corporation plc GTES OPENLANE, Inc. OPLN Air Lease Corporation AL Gibraltar Industries, Inc. ROCK Pitney ▇▇▇▇▇ Inc. PBI Alamo Group Inc. ALG Granite Construction Incorporated GVA ▇▇▇▇▇▇ Industries, Inc. POWL Albany International Corp. AIN Griffon Corporation GFF Primoris Services Corporation PRIM Allegiant Travel Company ALGT Hayward Holdings, Inc. HAYW Proto Labs, Inc. PRLB Amentum Holdings, Inc. AMTM Healthcare Services Group, Inc. HCSG Quanex Building Products Corporation NX American Woodmark Corporation AMWD Heartland Express, Inc. HTLD Resideo Technologies, Inc. REZI Apogee Enterprises, Inc. APOG Hertz Global Holdings, Inc. HTZ ▇▇▇▇▇▇ Half Inc. RHI ArcBest Corporation ARCB HNI Corporation HNI Rush Enterprises, Inc. RUSH.A Arcosa, Inc. ACA Hub Group, Inc. HUBG RXO, Inc. RXO ▇▇▇▇▇▇▇▇▇ World Industries, Inc. AWI Insperity, Inc. NSP ▇▇▇▇▇▇▇▇▇ National, Inc. SNDR Astec Industries, Inc. ASTE Insteel Industries Inc. IIIN SkyWest, Inc. SKYW AZZ Inc. AZZ Interface, Inc. TILE Standex International Corporation SXI Boise Cascade Company BCC JBT Marel Corporation JBTM Sun Country Airlines Holdings, Inc. SNCY ▇▇▇▇▇ Corporation BRC JetBlue Airways Corporation JBLU Sunrun Inc. RUN ▇▇▇▇▇▇▇ Waste Systems, Inc. CWST Kadant Inc. ▇▇▇ ▇▇▇▇▇▇▇ Company TNC CoreCivic, Inc. CXW Kennametal Inc. KMT The GEO Group, Inc. GEO CSG Systems International, Inc. CSGS Korn Ferry KFY The Greenbrier Companies, Inc. GBX CSW Industrials, Inc. CSW Lindsay Corporation LNN Titan International, Inc. TWI Deluxe Corporation DLX Liquidity Services, Inc. LQDT Trinity Industries, Inc. TRN DNOW Inc. DNOW ManpowerGroup Inc. MAN UniFirst Corporation UNF DXP Enterprises, Inc. DXPE Marten Transport, Ltd. MRTN Upwork Inc. UPWK Enerpac Tool Group Corp. EPAC MasterBrand, Inc. MBC Verra Mobility Corporation VRRM Enpro Inc. NPO ▇▇▇▇▇▇, Inc. MATX Vestis Corpor...