Common use of Retention Multiple Clause in Contracts

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 5 contracts

Sources: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2025/2026 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2023/2024 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 4 contracts

Sources: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2020/2021 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2018/2019 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 3 contracts

Sources: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2019/2020/2021 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2017/2018/2019 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 3 contracts

Sources: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2022/2023/2024 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2020/2021/2022 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 9090 percent % Coverage Level, the adjusted Retention Multiple is 100% 100 percent% of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent% Coverage Level, the adjusted Retention Multiple is 120120 percent % of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent% Coverage Level, the adjusted Retention Multiple is 200% 200 percent% of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2019/2020 2020/2021 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2018/2019 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2024/2025 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2022/2023 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2020/2021/2022 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2018/2019/2020 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2024/2025/2026 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2022/2023/2024 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2021/2022 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2019/2020 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2021/2022/2023 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2019/2020/2021 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 2 contracts

Sources: Reimbursement Contract, Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2023/2024 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2021/2022 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. : If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% 100 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 75 percent Coverage Level, the adjusted Retention Multiple is 200% 120 percent of the amount determined under paragraph (a); or If the Company elects the 45 percent Coverage Level, the adjusted Retention Multiple is 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2023/2024/2025 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2021/2022/2023 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s 's Reimbursement Premium to determine the Company’s 's Retention. The Retention Multiple for the 2019/2020 2024/2025 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2022/2023 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract (HCI Group, Inc.)

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2024/2025 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2022/2023 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. : If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% 100 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 75 percent Coverage Level, the adjusted Retention Multiple is 200% 120 percent of the amount determined under paragraph (a); or If the Company elects the 45 percent Coverage Level, the adjusted Retention Multiple is 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2025/2026 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2023/2024 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) . The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. : If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% 100 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 75 percent Coverage Level, the adjusted Retention Multiple is 200% 120 percent of the amount determined under paragraph (a); or If the Company elects the 45 percent Coverage Level, the adjusted Retention Multiple is 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2023/2024 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2021/2022 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% 90 percent Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% 90 percent Coverage Level, the adjusted Retention Multiple is 100% 100 percent of the amount determined under paragraph (a); 2. If the Company elects the 75% 75 percent Coverage Level, the adjusted Retention Multiple is 120% 120 percent of the amount determined under paragraph (a); or 3. If the Company elects the 45% 45 percent Coverage Level, the adjusted Retention Multiple is 200% 200 percent of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract

Retention Multiple. (a) The Retention Multiple is applied to the Company’s Reimbursement Premium to determine the Company’s Retention. The Retention Multiple for the 2019/2020 2022/2023 Contract Year shall be equal to $4.5 billion, adjusted based upon the reported exposure for the 2017/2018 2020/2021 Contract Year to reflect the percentage growth in exposure to the FHCF since 2004, divided by the estimated total industry Reimbursement Premium at the 90% Coverage Level for the Contract Year as determined by the SBA. (b) The Retention Multiple shall be adjusted to reflect the Coverage Level elected by the Company under this Contract as follows: 1. If the Company elects the 90% Coverage Level, the adjusted Retention Multiple is 100% of the amount determined under paragraph (a); 2. If the Company elects the 75% Coverage Level, the adjusted Retention Multiple is 120% of the amount determined under paragraph (a); or 3. If the Company elects the 45% Coverage Level, the adjusted Retention Multiple is 200% of the amount determined under paragraph (a).

Appears in 1 contract

Sources: Reimbursement Contract