Accrual Factor definition

Accrual Factor means, with respect to an Interest Accrual Period, the number of Range Accrual Days in the relevant Interest Observation Period in respect of which the relevant Underlying Value fell within the relevant Range divided by the total number of Range Accrual Days in such Interest Observation Period, in each case as determined by the Calculation Agent.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Accrual Factor means the day count fraction that is used by OTC Clear to convert the PAI Rate from an annual rate to a daily rate, on a basis of a year with a number of days equal to:

Accrual Factor means, with respect to an Interest Accrual Period, a fraction where the numerator “n” is a number between 0 and 12 corresponding to the number of Interest Determination Dates (as defined in Condition 3(e)(iii)(a) above or as specified in the relevant Final Terms, as the case may be) since the Interest Commencement Date on which the YoY Inflation Index Level was within the relevant Range divided by 12 as determined by the Calculation Agent;

Examples of Accrual Factor in a sentence

• At the end of each Fiscal Year of the Award Term, the Participant’s RSU Account shall be credited with that number of Accrued RSUs equal to the Target Number for such Fiscal Year multiplied by the Accrual Factor for such Fiscal Year.

• The factor used for calculating the vacation day accrual shall be in accordance with the employee’s anniversary date and the following scale: ▪ Twelve Month Employees: Vacation year – January 1 to December 31 ▪ All other Employees: Vacation year - September 1 to August 31 Formula for calculating the Accrual Factor on Vacation Entitlement is: ▪ Monthly entitlement x 12/260 working days per year.

• ACCRUAL METHOD Per Pay Period Accrual = Vacation Service Hours X Vacation Accrual Factor.

• The factor used for calculating the vacation day accrual shall be in accordance with the employee’s anniversary date and the following scale:  Twelve Month Employees: Vacation year – January 1 to December 31  All other Employees: Vacation year - September 1 to August 31 Formula for calculating the Accrual Factor on Vacation Entitlement is:  Monthly entitlement x 12/260 working days per year.

• Months of Completed Continuous Service Hours Worked Accrual Factor Annual Maximum More than 12 and less than 24 .028 40 hours More than 24 and less than 60 .0552 80 hours More than 60 and less than 120 .083 120 hours More than 120 .111 160 hours The accrual factor schedule above is based upon an employee earning his or her maximum accrual for 1450 hours worked per year.

More Definitions of Accrual Factor

Accrual Factor shall be determined under the following table: Years of Service Accrual Factor ------------------------------------------------------- 1 5% 2 10% 3 15% 4 20% 5 25% 6 30% 7 35% 8 40% 9 45% 10 50% 11 55% 12 60% 13 65% 14 70% 15 or more 75% For the purpose of determining Executive's Accrual Factor under the above table, a "Year of Service" shall be any calendar year during which Executive is or was actually employed by the Company as a full-time employee for at least 40 weeks. For the purpose of the preceding sentence, any calendar week shall be treated as a week of full-time employment if Executive was a full-time employee of the Company on any day during such week.

Accrual Factor means, with respect to a Fiscal Year, a number equal to the product of (i) the EPS Accrual Percentage (as determined in accordance with Section 2(a)) and (ii) the ROIC Modifier (as determined in accordance with Section 2(b)).

Accrual Factor means, with respect to an Interest Accrual Period, the number of Range Accrual Days in the relevant Interest Observation Period in respect of which the relevant Single Underlying Value and/or Dual Underlying Value, as the case may be, fell within the relevant Range and/or satisfied the relevant Barrier Level Condition(s) on the same Range Accrual Day, divided by the total number of days in such Interest Observation Period, in each case as determined by the Calculation Agent;

Accrual Factor means the actual number of London business days during each Interest Period in which the Reference Rate is equal to or greater than the Lower Barrier and less than or equal to the Upper Barrier, divided by the actual number of London business days in the relevant Interest Period;

Accrual Factor means, in respect of an Interest Period, the number of calendar days in the relevant Interest Observation Period in respect of which the Underlying Rate 1 is above or equal to the Underlying Floor and the Underlying Rate 2 is below or equal to the Underlying Cap divided by the total number of calendar days in such Interest Observation Period, in each case as determined by the Calculation Agent. The Underlying Rate 1 and/or Underlying Rate 2 (as the case may be) in respect of any day which is not a Calculation Business Day shall be deemed to be the Underlying Rate 1 and/or Underlying Rate 2 (as the case may be) in respect of the immediately preceding Calculation Business Day.

Accrual Factor means, in respect of the relevant Interest Period, the number of calendar months in the relevant Interest Period in respect of which Underlying Value is greater than or equal to -0.20% (minus 20 basis points), divided by 12, in each case as determined by the Calculation Agent.

Accrual Factor means the fraction used to calculate the amount of interest payable for any Interest Period, as described in more detail under “Note Program – Variable Coupons”.