UP RATE definition
UP RATE means the rate which Buyer shall pay Seller over and above the Direct Labor Hourly Rate. The Mark-Up Rate is computed by multiplying the Direct Labor Hourly Rate by the Mark-Up Percentage Rate.
Examples of UP RATE in a sentence
CONTINENTAL ASSURANCE COMPANY - AGGREGATE YRT RATES PER $1,000 EFFECTIVE JANUARY 1, 1982 CESSION FEE ----------- AUTOMATIC AGREEMENT -0- FACULTATIVE AGREEMENTS - $10.00/YEAR FEMALE RATES ------------ AGES: 0 - 10 SAME AS MALE RATES 11 - 15 MALE AGE 10 RATE 16 - UP RATE FOR MALE 5 YEARS YOUNGER REINSURANCE PREMIUM ADJUSTMENTS FOR CERTAIN CLASSES OF LIFE INSURANCE: ISSUED ON CONVERSION OF TERM INSURANCE: PREMIUMS WILL BE CONTINUED BASED ON ISSUE AGE AND POLICY DATE OF THE ORIGINAL TERM INSURANCE.