Rounding up Clause Samples
The "Rounding up" clause establishes how numerical values, such as payments or quantities, should be adjusted to the nearest specified unit, typically rounding any fractional amounts up to the next whole number. For example, if a calculation results in 10.2 units, the clause would require this to be rounded up to 11 units. This approach ensures that parties do not receive less than the calculated amount due to fractions and simplifies accounting by avoiding partial units. The core function of this clause is to provide clarity and consistency in handling fractional values, preventing disputes over minor discrepancies.
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Rounding up. A whole-share procedure shall apply for purposes of a distribution to a Participant who has terminated employment and whose vested percentage is less than 100 percent. In this case, if the application of the above vesting schedule in determining the number of Shares to be distributed would otherwise result in a fractional Share, the fraction shall be rounded up to one full Share. Conversely, the number of Shares to be forfeited shall be rounded down to the nearest number of whole Shares.
Rounding up. The Maximum Rent, the Minimum Rent, the reviewed Rent shall all be rounded up to the nearest £10.
Rounding up. If the application of the above allocation formula would otherwise result in the allocation of a fractional Share to a participant's Matching Account, the fraction shall be rounded up to one full Share.
Rounding up. Unless a provision of this Agreement expressly requires otherwise, in making calculations in accordance with this Agreement:
1.5.1 the calculation of any sums of money owing by either Party under this Agreement shall be performed to the nearest Cent; and
1.5.2 any other calculation shall be performed to an accuracy of three (3) decimal places, with a fourth digit, after the decimal point, having a value of five (5) or above being rounded up.
Rounding up. Where the calculation of the Scheme Consideration to be provided to a particular Scheme Shareholder would result in the Scheme Shareholder becoming entitled to a fraction of a cent, the fractional entitlement will be rounded up to the nearest whole cent.