Earned Rate definition

Earned Rate means, with respect to a quarter, the book yield plus realized gains and losses for such quarter on the portfolio of assets held in the Premium Trust Account.

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Earned Rate means, with respect to a calendar quarter, the total rate of return for such quarter, including realized and unrealized gains and losses, on the portfolio of assets held in the Trust Account.

Earned Rate for any Quarterly Accounting Period is the quarterly equivalent of Ceding Company’s net investment earnings rate on the assets in the SHIP Trust determined as: Where: I, CG, X and Y are determined with reference to the assets in the SHIP Trust as follows: I is actual net investment income plus or minus, as the case may be, any related amounts of amortization of IMR effective for such period; CG is capital gains less capital losses (as respects any unrealized capital gains or unrealized capital losses, in each case, as reflected in statutory book value for such period), net of any related amounts of capitalization of IMR effective for such period; X is the current cash and invested assets plus investment income due and accrued less borrowed money (if any); and Y is the same as X but for the immediately preceding Quarterly Accounting Period. For purposes of the foregoing computations, (i) CG may be less than zero, and (ii) amounts of amortization and capitalization of IMR will be determined (y) without regard as to whether any debit balance of the IMR would constitute an admitted asset for statutory reporting purposes and (z) before consideration of federal income taxes, including, without limitation, taxes with respect to capital gains and capital losses. Amortization of IMR existing on the Effective Date will be on a pre-tax basis.

Examples of Earned Rate in a sentence

The Retrocedent shall calculate a notional account (the “Funds Withheld Account”) and shall (A) credit thereto (i) the Retrocession Premiums and (ii) interest at the Earned Rate on the average daily balance of the Funds Withheld Account during each calendar quarter and (B) debit therefrom the Permitted Debits (as defined below).
Period Commissions Earned Rate Up to 50% of Target $150,000 $37,500 9.5% $14,250 $3,563 Next 25% of Target $75,000 $18,750 13.0% $9,750 $2,438 Next 25% of Target $75,000 $18,750 15.0% $11,250 $2,813 Above 100% of Target $300,000 $75,000 18.0% An annual review may be conducted to adjust future sales targets.
Employees required to serve Jury Duty or as a witness (must be subpoenaed) will upon submission of proof of service, receive the difference between the amount they receive as Jury Duty pay and the amount they would have received working on regular shifts at their Regular Earned Rate.
Any payment required hereunder by Pulse or the Escrow Fund shall be accompanied by interest on the amount paid at the Earned Rate from the Effective Date to the date on which such payment is made.
Ten (10) month employees hired on or before July 1, 1993 shall be eligible for earned vacation based on the following schedule: Length of Service Vacation Earned Rate Accrued Fourteen (14) or more completed years 10 days (1.0 day) Any earned vacation days must first be taken during the winter and spring breaks and earned vacation may only be taken at other times if the ten (10) month employee has earned more vacation days than the number needed for the winter and spring breaks.
The Memorandum Account Rate at the end of each ----------------------- Accounting period will be equal to the Funds Withheld Investment Earned Rate determined in accordance with Schedule C Paragraph 1, but not less than zero.

More Definitions of Earned Rate

Earned Rate means the rate of return (net of trustee fees), including amortization of premium or discount, and realized and unrealized gains and losses on the portfolio of assets held in trust for the benefit of Central United as provided for under Section 8.8 of this Agreement.