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. 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. E = V – D Formula 1
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. 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. The Incentive Amount shall equal the sum of (i) and (ii) below.
(i) Fifty percent (50%) times the number of Performance Units that are vested as of the Determination Date pursuant to Article III hereof, multiplied by the FMV per Share as of the Determination Date, and further multiplied by the Percentage of Award Earned specified in Exhibit A hereto that correlates with the applicable Return on Capital percentage set forth in Exhibit A hereto as of the last day of the calendar quarter that ends on or immediately precedes the Determination Date.
(ii) Fifty percent (50%) times the number of Performance Units that are vested as of the Determination Date pursuant to Article III hereof, multiplied by the FMV per Share as of the Determination Date, and further multiplied by the composite total shareholder return percentage determined under paragraph (b) below (the “Composite TSR Percentage”) as of the Determination Date.
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. (1) The Parties agreed to calculate the Interconnection Fee using the following formula:
a. The Interconnection Fee of a call is calculated based on the successful connection/call made by the actual duration between Customers.
b. The amendment of the above paragraph (1) a will be made by way of a written arrangement made between the Parties.
(2) The calculation of the Interconnection Fee for the call as mentioned in the previous paragraph (1) a of this Article:
a. For each call, the duration of the actual call is to be made using a second as a unit, and will not apply to any round up.
b. The amount of the duration as mentioned in the above point a is to be divided by a factor of 60, then to be multiplied by the tariff for each minute, in accordance with the time differentiation and relevant zone.
c. For any call that elapses after more than 1 (one) time differentiation, the calculation is to be made based on each of the time differentiation.
d. In order to avoid rating differences due to the different time divisions in Indonesia as grouped into WIB, WITA and WIT, the Parties agree to use the incoming call data, the time of which is adjusted with the time applied to that of the originating call .
e. In the event the calculation as mentioned in point b has a fraction, the round up would be as follows:
1) The fraction that equals or is more than Rp. 0,50 (fifty cents Rupiah) is to be round up into Rp. 1 (one Rupiah).
2) The fraction that is less than Rp. 0,50 (fifty cent Rupiah) shall be disregarded.
