Modified rate definition

Modified rate means the rate that employers who are experience rated pay as a percentage of their payroll. This rate is calculated by taking the base rate and multiplying it by the employer's experience modification (EM) factor.
Sample 1Sample 2Sample 3
Modified rate means any new or amended rate or rating rule developed by member insurers for risks written through the program.[PL 2003, c. 671, Pt. B, §2 (NEW).]
Sample 1Sample 2Sample 3
Modified rate means the Initial Rate plus the Rate Increase.
Sample 1Sample 2Sample 3

Examples of Modified rate in a sentence

  • Modified rate methodology to increase funding for staff providing transportation services for Supported Living with Transportation to ensure adequate funding for people to pursue individualized day and vocational services at different locations.

  • Modified rate PRSI (Class B)The employer (government) pays 2.01% on employee reckonable earnings in this class.

  • For Semi Finals and Finals an official timer will be assigned at the Modified rate and subject to the 25% and 40% for playoffs.

  • Modified rate schedules shall only be permitted on policies if they meet the following constraints designed to (i) require significant prefunding, (ii) provide a resulting pattern of premium rates that is easily understood by the applicant and (iii) limit the increase to a realistic amount as the insured approaches age 65.

  • Modified rate equations artificially account for this and they will be discussed in the next section.

  • Compacting States that will and will not permit modified rate schedules to be approved for their respective state (Modified rate schedules not permitted to be filed for Colorado, Illinois, Maryland, Oklahoma, Oregon and Washington).

  • Direct administrative costs N/A N/A Modified rate of OCs (increase or decrease) depending on current situation per MS.

  • Modified rate results for high density, using input values from Stantcheva et al.

  • Modified rate structure including a proposed overall rate of return of 9.89%.

  • Because the key point is to illustrate the harm from a vMFN to customers of the competitive good, it is sufficient for us to focus on the case of a monopoly with a competitive fringe, though it should be clear that the same type of results apply if the monopolist were replaced by oligopolists.We develop the theory in this section for the general case of a vMFN adopted by a monopolist and competitive fringe supplying a substitute product through a common set of retailers.


More Definitions of Modified rate

Modified rate means the greater of (a) (i) the Prime Rate plus (ii) 1.00%, and (b) 9.50%.
Sample 1

Related to Modified rate

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Maximum Advance Rate means 80.0%.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Reference Rate means the rate specified as such hereon.