Massachusetts Formula definition

Massachusetts Formula means the financial composite cost allocation methodology approved by the BCUC for use to allocate shared corporate services, indirect and/or residual costs among Affiliates.
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Examples of Massachusetts Formula in a sentence

  • MANAGEMENT FEE ARRANGEMENT Corporate expenses of the Company incurred on behalf of all of the Company’s Subsidiaries are allocated, on a month-to-month basis, to the Subsidiaries based on the Massachusetts Formula, a common method of expense allocation.

  • The Company will pay ▇▇▇▇▇▇▇▇ a percentage (to be defined later herein) of the certain and specific corporate services allocated to ▇▇▇▇▇▇▇▇ E&P by ▇▇▇▇▇▇▇▇ using the Modified Massachusetts Formula (the "MMF").

  • For services that are made available by Service Company to Aqua Services (including those provided by senior-level personnel (hereinafter “Joint Management Personnel”)), the costs for such services will first be separated by utility function, i.e., between gas and water/wastewater Subsidiaries, by allocating a percentage of the cost centers under which Service Company provides such services using the Modified Massachusetts Formula (“MMF”).

  • In transactions only between KCP&L and GMO, 22 the Utility Massachusetts Formula may be used in lieu of the General Allocator.

  • This formula is commonly referred to as the Massachusetts Formula.

  • The Modified Massachusetts Formula is used as the methodology for this General Corporate Allocation and is an arithmetic average of profit margin, payroll and net property, plant and equipment.

  • Costs for lawyers and paralegals are directly charged to Client Companies when possible and the remaining services are allocated on the Modified Massachusetts Formula, an average of each Client Company’s Gross Revenues, Total Assets and Direct Labor to the totals of all Client Companies.

  • Modified Massachusetts Formula - Three criteria, equally weighted: subsidiary payrolls, subsidiary revenues, and subsidiary assets.

  • The fee for certain services (the “MMF Allocated Services”) will be derived by allocating a percentage of the cost centers under which WPX provides such services using the Modified Massachusetts Formula (the “MMF”).