Earning Points definition
Examples of Earning Points in a sentence
If the Vessel is laid up, the Participant shall receive hire according to the Vessel’s Pool Earning Points but with a reduction for any net savings that the Participant may reasonably be expected to obtain as a result of the Vessel being laid up.
Notwithstanding the foregoing, certain Points are awarded only to the Primary Signer of an Enrolled Checking Account, all as set forth in Section III above entitled "Earning Points".
If a Pool Vessel is laid up, the Pool Participant shall receive hire according to the Pool Vessel’s Pool Earning Points but with a reduction for any net savings that the Pool Participant may reasonably be expected to obtain as a result of the Pool Vessel being laid up.
The Pool Earning Points allocated to the Vessel shall, as correctly as possible, reflect the relative earning potential of the Vessel compared with the other Pool Vessels.
The available point balance is an aggregation of Rewards Points available to any Signer, subject to certain exceptions, on an enrolled Eligible Product for activities and behaviors engaged in by the Signers of such accounts as set forth in Section III entitled "Earning Points".
Upon such approval by the Pool Committee, the Company will calculate or, as the case may be, recalculate Pool Earning Points for each Pool Vessel in accordance with the revised principles of calculation which shall take effect for the whole calendar year from 1 January.
If the Participant complies with its obligation to arrange a First Opportunity SIRE Inspection, there shall be a grace period until twenty one (21) days after the date of the First Opportunity SIRE Inspection before the Company can exercise its discretion to deduct Pool Earning Points in accordance with this clause 17.
The ability to earn points varies upon the Eligible Products which are enrolled in the Program all as further detailed below in Section III entitled Earning Points.
The resulting Net Pool Revenue (as determined in accordance with Clause 12) shall be distributed as time charter hire to each Pool Participant in accordance with the Pool Earning Points of the individual Pool Vessels, adjusted for any off-hire, in accordance with the terms of this Agreement.
Graduation Earning Points and Levels Classroom expectations: Drug Test Policy Falsifying or attempting to falsify a test will result in immediate termination.