Basic Formula Sample Clauses

Basic Formula. An Employer Matching Contribution on behalf of each Nonhighly Compensated Participant and, unless otherwise elected in the Adoption Agreement, to the Highly Compensated Participants in an amount equal to the sum of: (i) 100% of the Elective Deferrals of the Participant not to exceed 1% of the Participant’s Compensation, plus (ii) 50% of the Elective Deferrals of the Participant to the extent that such Elective Deferrals exceed 1% of the Participant’s Compensation but do not exceed 6% of the Participant’s Compensation.
Sample 1Sample 2
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Basic Formula. The Employer makes Matching Contributions on behalf of each Nonhighly Compensated Participant and, at the Employer’s discretion, to the Highly Compensated Employees in an amount equal to the sum of: (i) 100% of the Elective Deferrals of the Nonhighly Compensated Participant not to exceed 3% of the Participant’s Compensation, and (ii) 50% of the Elective Deferrals of the Nonhighly Compensated Participant to the extent that such Elective Deferrals exceed 3% of the Participant’s Compensation but do not exceed 5% of the Participant’s Compensation.
Sample 1
Basic Formula. The number of Parent Company Shares which shall be distributed upon the exercise by the WM Partner of the WM Partner Termination Right shall be that number which, when multiplied by the Parent Company Per Share Value (defined below), results in a product which equals the value of the WM Partner Equity Interest. For purposes of the foregoing provision: (i) the value of the Parent Company Shares, as stated on a per-share basis, shall be the average of the closing prices of such shares during the ten trading days preceding the Exercise Date (hereinafter defined) (the “Parent Company Per Share Value”) and (ii) the fair market value of the WM Partner Equity Interest shall be established under paragraphs (b) and (c) below.
Sample 1
Basic Formula. If at any time ---------------------------- ------------- after the date of this Agreement, either CCT or CCA sells any assets, including without limitation, their respective partnership interests in the Partnerships (an "Assets Sale"), then CCE will be required to make a payment to Cencom equal to the product of 15% and the amount, if any, of (i) the aggregate amount of - cash (or cash equivalent value of other property) received by CCT and CCA in connection with such Asset Sale, after paying CCT's and CCA's expenses in connection with such Asset Sale, over (ii) the sum of (A) Equity Value -- - immediately prior to such Asset Sale; (B) the amount from such Asset Sale - applied to the payment of outstanding principal of and accrued interest on the Cencom Note and (C) the amount from such Asset Sale applied to the payment of - accrued but unpaid Permitted Expenses of CCT.
Sample 1
Basic Formula. Subject to the remaining provisions of this Section 3, the number of Performance Shares earned by the Participant shall be determined by the Committee as a percentage of Performance Shares Earned at Target, according to the following table: [INSERT TABLE] Except as provided in paragraphs 3(c) and 3(d), the Participant will not earn any of the Performance Shares if EPS for the Performance Period is less than the Performance Threshold.
Sample 1
Basic Formula. Subject to the remaining provisions of this Section 3, the number of Restricted Stock Units that will become vested shall be determined by the Committee as a percentage of Restricted Stock Units that Vest at Target, according to the following table: [INSERT TABLE] Except as provided in paragraphs 3(c) and 3(d), the Participant will not vest in any of the Restricted Stock Units if EPS for the Performance Period is less than the Performance Threshold.
Sample 1

Related to Basic Formula

  • Formula Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P) (L + M) - P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Airframe Price plus Optional Features Price (as set forth in Table 1 of this Purchase Agreement). ECI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Employment Cost Index Manufacturing – Total Compensation (BLS Series ID ECU12402I), calculated by establishing a three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As the Employment Cost Index values are only released on a quarterly basis, the value released for the first quarter will be used for the months of January, February and March; the value released for the second quarter will be used for the months of April, May and June; the value released for the third quarter will be used for the months of July, August and September; the value released for the fourth quarter will be used for the months of October, November and December. CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (BLS Series ID CUUR0000SA0), calculated as a 3-month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As an example, for an Aircraft scheduled to be delivered in the month of July, the months June, July and August of the preceding year will be utilized in determining the value of ECI and CPI.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Combination Product The term “

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

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