Calculation Formula. We use a formula (the “Formula”) to establish the yield you earn on amounts deposited in the Program (whether held as deposits at Program Banks or by us as free credits), based on a rate based on the net interest rate paid by the Program Banks , the “Net Interest Rate”. For all cash under the Program, regardless of how high interest rates become, we receive a portion of the interest for providing the Program. Put another way, we earn, as our fee for operating the Program, the balance of what is paid by the Banks to us that is not paid to you. The “net interest rate paid by the Banks” -- the Net Interest Rate -- is the weighted average blended rate paid by the Program Banks to us on cash held at the Program Banks, after also deducting the fees paid to any intermediary bank or other unaffiliated service provider under the Program (if such fees were not already deducted directly from the amounts we receive from Program Banks). Generally, the Net Interest Rate is determined during a month, using the weighted average blended rate as of the end of the preceding month, and is then made applicable for the next succeeding month. As an example, we will seek to determine in July, based on data as of the end of June, the rate applicable for August. We reserve the right to calculate and update the Net Interest Rate (and the resulting rates payable under the Program) more or less frequently without further notice You can email us at our customer service email address as shown on our website to obtain the then current Net Interest Rate and the frequency of calculation. The interest rates payable under the Program for any specified time frame is as stated from time to time on our website. We reserve the right, in our sole discretion, to change from time to time the Formula itself and apply a new Formula to the calculation of interest to be paid to your account as part of the Program, so long as we provide notice of a Formula change by posting the change on our website and making the change effective no sooner than thirty (30) days after the date of such notice for existing accounts, or after the date of such notice for new accounts. However, changes in the amounts calculated to be paid to you under the Formula, after it is effective, because of increases or decreases in the Net Interest Rate (e.g., due to a Fed Funds rate change, a Program Bank paying a different rate from another Program Bank leaving or joining the Program, deposits moving from one Program Bank to a diff...
Calculation Formula. All vacation allowances shall be calculated to July 1st of the current year, provided that, for the purpose of calculating vacation entitlement, any employee whose seniority dated between July 2nd and September 30th shall be deemed to have started work on that July 1st.
Calculation Formula. We use a formula (the “Formula”) to establish the yield you earn on amounts deposited in the Program (whether held as deposits at Program Banks or by us as free credits), based on a rate based on the net interest rate paid by the Program Banks , the “Net Interest Rate”. As the Net Interest Rate exceeds the sum of
Calculation Formula. E = V – D Formula 1 V = P + C1 + C2 + E’ Formula 2 In the above formulas:
Calculation Formula. Severance pay shall be calculated by multiplying the following percentage times the member's per diem rate of pay at the time of retirement: Twenty-six and one-half percent (26.6%) to a maximum of fifty-eight (58) days thereafter. The per diem rate shall not include salary earned on a supplemental or extended service contract. Any teacher with ten (10) years or more service in the district who dies while actively employed by the district and who was eligible to retire through STRS at the time of his/her death shall, for the purposes of this section, be deemed to have retired the day prior to his/her death.
Calculation Formula. One (1%) percent of salary per year of service with this Board, or its predecessor Boards, up to fifteen (15) years, plus two percent (2%) for each year of such service thereafter to a maximum of fifty percent (50%) of accumulated sick leave credits provided in Article 15.01. Such gratuity must not exceed one-half (1/2) year's salary at the time of retirement.
Calculation Formula. 1 – applicable in case that the Research Collaboration is terminated during or until the end of the Collaboration Period I: ● Basic assumption: Selvita’s Initial Value Share is [**] at the end of the Collaboration Period I, 15 months total ● Calculation: In the case that the Research Collaboration is terminated before the end of Collaboration Period I (before 15 months), the following formula applies to calculating the Initial Value Share:
Calculation Formula. The table with actual milestones to be inserted in the final version of the Exclusive License Agreement will be recalculated according to the formula
Calculation Formula. The table with actual royalty rates to be inserted in the final version of the Exclusive License Agreement will be recalculated according to the formula R1 = Basic royalty rate * V / [**]%, where V is either the Initial Value Share (V1 or V2, determined pursuant to A1. above) or, if applicable, the Decreased Value Share (DV, determined pursuant to A2. above) and where Basic Royalty Rate is taken from the Basic Royalties Table above. Drafting Guideline: If a Decreased Value Share can be identified by the Parties prior to finalization of an Exclusive License Agreement (because the first Patent for the relevant Optioned Compound(s) has been already filed at that future point in time and there are no further (current or future) Optioned Compounds for which further Patent filings would be possible under such Exclusive License Agreement), the Parties shall calculate the actual royalty rates for the table in Section 7.2.3(a) of the final version of the Exclusive License Agreement on basis of any applicable value share and in such case, Section 7.2.3(c)(i) shall be deleted in the final version of the Exclusive License Agreement. If the Parties cannot identify a Decreased Value Share for all (current or future) Optioned Compounds governed by an Exclusive License Agreement, the Parties shall calculate the actual royalty rates for the table in Section 7.2.3(a) of the final version of the Exclusive License Agreement on basis of the Initial Value Share and in such case, Section 7.2.3(c)(i) shall remain untouched. In any case, the Step-Down Formula for calculation of a Decreased Value Share shall be applied only once for a given Optioned Compound and the Parties agree and acknowledge that there shall be no double application of the Step-Down Formula.
Calculation Formula. The Incentive Amount shall equal the sum of (i) and (ii) below.
