Base Points definition
Examples of Base Points in a sentence
The effective rate used for these purposes (the “Burn Rate”) will be the rate expressed as the total number of Base Points and Additional Points (regardless of source) redeemed in LE Formats divided by the total number of Base Points and Additional Points issued by LE Formats, calculated on a trailing twelve (12) month basis.
Only Base Points and Additional Points that expire after twelve (12) months are taken into consideration when calculating the Burn Rate.
As applicable, SHMC will reimburse LE or LE will pay SHMC for Base Points and Additional Points that are redeemed in LE Formats each fiscal quarter “Redemption Fees”).
Position Base Points Newspaper Advisor - HS 21 Advisor- MS 18 Yearbook Advisor- HS 28 Business Manager - HS 18 Advisor- MS 16 Asst.
Exhibit 2 describes the Points Issuance Fees that LE will pay to SHMC with respect to the issuance of Base Points and Additional Points in accordance with this Agreement, all of which fees are non-refundable except as otherwise provided in this Agreement, regardless of the extent to which Points are redeemed.
Consistent with and subject to the Program Terms and Conditions, SHMC will issue Base Points, Additional Points and Surprise Points (collectively, “Points”) to Members’ Accounts with respect to Program-Eligible Purchases from LE and in connection with promotions and other activities.
The Base Points Fee will be [*****] for every thousand (1,000) Base Points issued to Members as a result of Program-Eligible Purchases in LE Formats.
For each Program-Eligible Purchase completed by a Member in an LE Format in accordance with the Agreement, LE will pay to SHMC a fee (the “Points Issuance Fee”) consisting of the fees related to Base Points (the “Base Points Fee”) and Additional Points (the “Additional Points Fee”), if any.
To determine how many Base Points to award, the Allocation Neutral shall average the Base Points set forth in the PFT Impairment Table for each PFT.
The Employer and Union agree that time constraints listed in this Article may be waived only by mutual agreement.