Calculation Examples. Calculation of special payments in the event of a change in normal working hours (Section 9 item 8)
Calculation Examples. Wellness Calculation - Example 1:
a. A teacher’s paycheck shows five hundred sixty-eight (568) unused sick leave hours.
b. The teacher converted eighty (80) hours to $2,039.50 for Career Transition Trust through their retirement date.
c. The teacher’s daily rate of pay was $239.94. The daily rate of pay equals the annual salary divided by one hundred ninety (190) duty days. The annual salary is $45,588; and $45,588/190 days = $239.94.
d. 568 Balance of unused sick leave hours e. + 80 Plus Career Transition Trust hours used through retirement date f. 648 Total sick leave hours (568 + 80) g. 89 Divide by 7.25 to equal unused sick leave days (648/7.25) h. 44.5 Divide by 2 to equal 50% of unused sick leave days (89/2) i. $10,677.33 Multiply 50% of unused sick leave days by daily rate of pay (44.5 x $239.94) j. - $2,039.50 Subtract Career Transition Trust dollars paid through retirement date k. $8,637.83 Total wellness amount ($10,677.33-$2,039.50)
Calculation Examples. Exhibit 3.7 contains illustrative examples of the calculation of the Closing Price Adjustment, using the concepts and formulas set forth in this CHAPTER III.
Calculation Examples. Customer has a subscription to Products A and B. Customer’s annual subscription fees are as follows:
Calculation Examples. Wellness Calculation - Example 1:
a. A teacher’s paycheck shows five hundred sixty-eight (568) unused sick leave hours.
b. The teacher converted eighty (80) hours to $2,039.50 for Career Transition Trust through their retirement date.
c. The teacher’s Direct Instruction hourly rate of pay shall be the greater of: 1) the Hourly Flat Rate per Schedule “E”, OR, 2) their Direct Instruction hourly rate determined by dividing their step and lane salary at 1.0 FTE per the salary schedule, by the contractual number of duty days per year (190), and further dividing that by the number of hours per day (7.25) at the time of retirement. At the time of retirement their Direct Instruction hourly rate is $38.48 per hour which exceeds the Hourly Flat Rate in Schedule “E”.
d. 568 Balance of unused sick leave hours e. + 80 Plus Career Transition Trust hours used through retirement date f. 648 Total sick leave hours (568 + 80) g. 324 Divide hours by 2 to equal 50% of unused sick leave hours (648/2 = 324) h. $38.48 Apply the hourly rate i. $12,467.52 Multiply 50% of unused sick leave hours by the Direct Instruction Rate of pay (324 x $38.48 = $12,467.52) j. - $2,039.50 Subtract Career Transition Trust dollars paid through retirement date k. $10,428.02 Total Wellness Pay amount ($12,467.52 - $2,039.50 = $10,428.02)
Calculation Examples. The following represent illustrative examples of the calculations set forth in SECTION 2.1 based on a hypothetical Aggregate Conversion Amount of $3,973,926.27 (assuming $9,375,069.89 in total outstanding obligations under the Subordinated Debt, MINUS the Base Amount of $5,401,143.62): EXAMPLE OF SECTION 2.1(A): IF THE EXCHANGE PRICE EQUALS $5.50, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 722,532 SHARES OF XXXXXX COMMON STOCK ($3,973,926.27) DIVIDED BY $5.50). EXAMPLE OF SECTION 2.1(B): IF THE EXCHANGE PRICE EQUALS $4.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 794,785 SHARES OF XXXXXX COMMON STOCK ($3,973,926.27) DIVIDED BY THE FLOOR PRICE OF $5.00). EXAMPLE OF SECTION 2.1(C): IF THE EXCHANGE PRICE EQUALS $8.00, THEN THE NOTE STOCK AMOUNT WOULD EQUAL 567,703 SHARES OF XXXXXX COMMON STOCK ($3,973,926.27) DIVIDED BY THE CAP PRICE OF $7.00).
Calculation Examples. For example, if the number of Enplanements in the Terminal for the month of July 2027 is seventy percent (70%) compared to July 2026, the number for August 2027 is seventy-five percent (75%) compared to August 2026, and the number for September 2027 is eighty-five percent (85%) compared to September 2026, then the Severe Decline in Enplanements for Three (3) Consecutive Months has not been met. However, if the number of Enplanements in the Terminal for the month of July 2027 is seventy percent (70%) compared to July 2026, the number for August 2027 is seventy-five percent (75%) compared to August 2026, and the number for September 2027 is seventy-five percent (75%) compared to September 2026, then the Severe Decline in Enplanements for Three (3) Consecutive Months has been met.
Calculation Examples. Work found unsatisfactory and not reperformed by anyone, or work not performed at all: 10% of service value of observed defects for administrative costs plus cost of service value lost. FT Requirement = One Service Unit Surveillance = 100 Percent Inspection CLIN Value($) = $10,000.00 Population = 50 units Defects = 10 units A
Calculation Examples. Wellness Calculation - Example 1:
a. A teacher’s paycheck shows five hundred sixty-eight (568) unused sick leave hours.
b. The teacher converted eighty (80) hours to $2,039.50 for Career Transition Trust through their retirement date.
c. The teacher’s daily rate of pay was $239.94. The daily rate of pay equals the annual salary divided by one hundred ninety (190) duty days. The annual salary is $45,588; and $45,588/190 days = $239.94.
Calculation Examples. Wellness Calculation - Example 1: