Common use of Repayment Amount Clause in Contracts

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first date of Residency. $150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of Postgraduate Medical Education, plus Compound Interest. $300,000 plus Compound Interest for $150,000 of the $300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of Postgraduate Medical Education, plus Compound Interest. $450,000 plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and completion of the Return of Service in full. $703,000 plus Compound Interest for $150,000 of the $703,000 Initial here Explanation: Estimate of three-years costs of Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $703,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $703,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $253,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

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Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first date of Residency. $150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of Postgraduate Medical Education, plus Compound Interest. $300,000 plus Compound Interest for $150,000 of the $300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of Postgraduate Medical Education, plus Compound Interest. $450,000 plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and completion of the Return of Service in full. $703,000 811,000 plus Compound Interest for $150,000 of the $703,000 811,000 Initial here Explanation: Estimate of three-years costs of Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $703,000 811,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $703,000 811,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $253,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first date of Residency. $150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of Postgraduate Medical Education, plus Compound Interest. $300,000 plus Compound Interest for $150,000 of the $300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of Postgraduate Medical Education, plus Compound Interest. $450,000 plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and Up to $961,000 plus Compound Interest for $150,000 of the $961,000 Initial here completion of the Return of Service in full. $703,000 plus Compound Interest for $150,000 of the $703,000 Initial here Explanation: Estimate of three-years costs or four-years costs as applicable of Postgraduate Medical Education and as determined by the University of British Columbia, plus Compound Interest. Starting in the final year of Re-entry Residency, the Repayment Amount also includes liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $703,000 961,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $703,000 961,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $961,000 calculated starting on the first day of year 4 of Residency, if applicable, plus Compound Interest for the remaining $253,000 361,000 calculated starting on the date the Participant first breaches the Contract Contract, if applicable (collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service

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Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first date of Residency. $150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of Postgraduate Medical Education, plus Compound Interest. $300,000 plus Compound Interest for $150,000 of the $300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of Postgraduate Medical Education, plus Compound Interest. $450,000 plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and $811,000 plus Compound Interest for $150,000 of the $811,000 Initial here completion of the Return of Service in full. $703,000 plus Compound Interest for $150,000 of the $703,000 Initial here Explanation: Estimate of three-years costs of Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $703,000 811,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $703,000 811,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $253,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service

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