Example 4. Remittance based on delivery of gas to the Gas Distributor in a month where the forecasted banked gas account attributed to the Gas Vendor is in a credit and the respective NYMEX Xxxx Basis price is greater than commodity rate specified by the Gas Vendor. Assume: Consumption = 8,000 m3 Delivery = 10,000 m3 NYMEX = $0.30 per m3 Commodity rate = $0.25 per m3 The Maximum Security Amount is calculated as follows: = banked gas account x NYMEX – (amounts collected – amounts remitted) = [consumption – delivery] x NYMEX – ([consumption x commodity rate] – [delivery x commodity rate]) = [8,000 – 10,000] x 0.30 – ([8,000 x 0.25] – [10,000 x 0.25]) = $‐100 The calculation would be repeated for each banked gas account attributed to the Gas Vendor for each month of the applicable 12 month period and then summed up by month to determine the month with the maximum cumulative Maximum Security Amount. A negative cumulative Maximum Security Amount would represent no security required from the Gas Vendor.
Example 4. Employee A is a Relief employee scheduled to work from 0500 to 1300 (8hrs) at Bremerton. End of shift is 1300 Employee B is scheduled to work from 1300 to 2100 (8hrs) at Bremerton. End of shift is 2100 Employee A is relieved early by employee B in Seattle. Employee A shall be paid for eight straight time hours and would be paid Travel Time from Seattle to their Home Terminal according to Schedule A. Employee B shall be paid for eight (8) straight time hours. Mutually Agreed to on this 28th day of October 2010. /s/ Xxxxx Xxxxxx OFM/LRO /s/ Xxxxxx Xxxxxxx WSF /s/ Xxxx Xxxxxxxx WSF/DOT /s/ Captain Xxx Xxxxxx MM&P ADDENDUM J REGARDING THE USE OF COMPENSATORY TIME OFF DURING CERTAIN HOLIDAYS. On or about November 1st of each year, WSF will make available six (6) slots for compensatory time off requests for each classification (master/mate) that may be granted for Thanksgiving Day and/or the day before Christmas and Christmas day for the following year. This information will be forwarded to the Union and notification sent to all employees. A Regular Deck Officer desiring to use accumulated compensatory time off for Thanksgiving day and/or the day before Christmas and Christmas day must submit a written request to WSF on or before November 16th, indicating the desired compensatory day(s) off. Requests received after November 16th, will not be considered. The Union Delegate Committee will conduct a lottery to select which written requests will be granted for each of the specific day(s). Alternate requests will also be determined, by lot. In the event an employee who was granted a request and is unable to take such granted compensatory time off or a change has occurred such that the awarded compensatory time off or a change has occurred such that the awarded compensatory time off falls on the employees' scheduled day(s) off and/or free day(s). The Union will notify The WSF of the results of the lottery selections. The WSF will verify employees' eligibility of the lottery results and notify the Union and employees of the granted requests and alternate requests. Employees must have or will have enough accumulated compensatory time off to be considered for the selection process. In the event an employee does not have accumulated compensatory time off two weeks prior to any of the granted day(s) such days will be cancelled and the alternate employee will be awarded the time off. ADDENDUM K The Masters, Mates and Pilots (Union) and the State of Washington (Employer) mut...
Example 4. The Parties agree that, for the purposes of tax required to be withheld by the Investor under Article [x] of the Corporate Income Tax Law, income of a non-resident taxpayer from Management Services Payments, but which is earned in Country, shall be taxed when transferred to the non-resident taxpayer at the rate of 20% (twenty percent).
Example 4. 3.3 The Company shall advise [Government] of each material agreement concerning sales or processing of Mine Products, patent licensing, engineering, construction or management services which is entered into with an Affiliate. Such agreements shall be on Arms’ Length Terms. Copies of such agreements shall be copied to [Government] upon request. If, in the opinion of [Government], any such agreement is not on Arms’ Length Terms, [Government] may, within thirty (30) days of receipt of such agreement, give notice to the Company of the terms which [Government] considers to be Arms’ Length Terms. If the Company disagrees with the terms so considered by [Government], it may refer the dispute to a Sole Expert (or arbitration panel) in accordance with Clause 18 for a determination as to what are Arms’ Length Terms. Upon receipt of the Sole Expert’s (or arbitration panel’s) determination, the Company shall renegotiate the agreement, if necessary, to embody those terms decided by the Sole Expert (or arbitration panel) to be Arms’ Length Terms or terminate the agreement.
Example 4. Total Project Firm PIP Estimates ($12,500,000) exceed 148.387097% of total Seller PIP Estimates (148.387097% * $7,542,450), Sellers have not elected to cure and Purchaser has not terminated. Section 4.7.8(b) applies. Seller PIP Estimates ($) Project Firm PIP Estimates ($) First Pool 2,000,000 5,000,000 Second Pool 5,542,450 7,500,000 TOTAL 7,542,450 12,500,000 N = 50% * ((P * (Z/T)) – S) Z = 148.387097% * $7,542,450 = $11,192,023 First Closing: N = 50% * (($5,000,000 * ($11,192,023/$12,500,000)) – $2,000,000) = $1,238,405. There will be a $1,238,405 Purchase Price reduction at the First Closing. Second Closing: N = 50% * (($12,500,000 * ($11,192,023/$12,500,000)) – $7,542,450) = $1,824,787. Since Purchase Price has previously been reduced by $1,238,405, there will be a $586,382 Purchase Price reduction at the Second Closing. Example #5 Total Project Firm PIP Estimates ($12,500,000) exceed 148.387097% of total Seller PIP Estimates (148.387097% * $7,542,450), Sellers have not elected to cure and Purchaser has not terminated. Section 4.7.8(b) applies. Seller PIP Estimates ($) Project Firm PIP Estimates ($) First Pool 3,000,000 6,000,000 Second Pool 4,542,450 10,500,000 TOTAL 7,542,450 16,500,000 N = 50% * ((P * (Z/T)) – S) Z = 154.16667% * $7,542,450 = $11,192,023 First Closing: N = 50% *(($6,000,000 * ($11,192,023/$16,500,000)) – $3,000,000) = $534,913. There will be a $534,913 Purchase Price reduction at the First Closing. Second Closing: N = 50% * (($16,500,000 * ($11,192,023/$16,500,000)) – $7,542,450) = $1,824,787. Since Purchase Price has previously been reduced by a net amount of $534,913, there will be a $1,289,874 Purchase Price reduction at the Second Closing. Example #6 Total Project Firm PIP Estimates ($10,000,000) exceed 148.387097% of total Seller PIP Estimates (148.387097% * $6,000,000), Sellers have not elected to cure and Purchaser has not terminated. The Seller PIP Estimates total less than $7,542,450 because a Hotel Asset was removed from the transaction. This Agreement was terminated with respect to a Hotel Asset (which Hotel Asset had a Seller PIP Estimate of $1,542,450). Section 4.7.8(b) applies. Seller PIP Estimates ($) Project Firm PIP Estimates ($) First Pool 2,500,000 7,000,000 Second Pool 3,500,000 3,000,000 TOTAL 6,000,000 10,000,000 N = 50% * ((P * (Z/T)) – S) Z = 148.387097% * $6,000,000 = $8,903,226 First Closing: N = 50% * (($7,000,000 * ($8,903,226/$10,000,000)) – $2,500,000) = $1,866,129. Since Project Firm PIP Estimates exce...
Example 4. Employee A is a Relief employee scheduled to work from 0500 to 1300 at Bremerton (8hrs). End of shift is 1300 Employee B is scheduled to work from 1300 to 2100 at Bremerton (8hrs). End of shift is 2100 Employee A is relieved early by employee B in Seattle. Employee A would be paid travel time from Seattle to their home terminal according to schedule A. Mutually Agreed to on this 28th day of October 2010. /s/ /s/ Xxxxx Xxxxxx OFM/LRO Xxxxxx X. Xxxxxxx WSDOT Ferries Division /s/ /s/ Xxxx Xxxxxxxx WSDOT Ferries Division Xxxxxx Xxxxxxx Inlandboatmen’s Union of the Pacific /s/ Xxx Xxxxxxxx Inlandboatmen’s Union of the Pacific ADDENDUM I MEMORANDUM OF UNDERSTANDING REGARDING TERMINAL VACATION BIDDING RULES The Washington State Department of Transportation, Ferries Division (WSF) and the Inlandboatmen’s Union of the Pacific Puget Sound Region (Union) enter into the following Memorandum of Understanding (MOU). This agreement incorporates by reference the vacation bidding rules outlined in QN 4663 October 8, 2008, in order to utilize the single day vacation calendar: The parties mutually agree to the following:
Example 4. A member’s regular tour of duty ends at 16:30 hours. The member works continuing overtime until 20:44 hours. The amount of time worked in excess of the regular shift duration is four (4) hours and fourteen (14 minutes). The member is entitled to four (4) hours at time and one-half (1.5x) and one-half (.5) hour at double time (2x) of the regular hourly rate of pay. Calculation: The continuing overtime would be calculated as four (4) hours at time and one-half (1.5x) and one-half (.5) hour at double time (2x) the regular hourly rate of pay. The first four (4) hours of continuous overtime is paid at time and one-half (1.5x). The subsequent fourteen (14) minutes rounds up to the nearest one- half (.5) hour, which is paid at double time (2x), for a cumulative total of four and one-half (4.5) hours.
Example 4. Employee A is a Relief employee scheduled to work from 0500 to 1300 at Bremerton (8hrs). End of shift is 1300 Employee B is scheduled to work from 1300 to 2100 at Bremerton (8hrs). End of shift is 2100 Employee A is relieved early by employee B in Seattle. Employee A would be paid travel time from Seattle to their home terminal according to schedule A. Mutually Agreed to on this 28th day of October 2010. /s/ /s/ Xxxxx Xxxxxx OFM/LRO Xxxxxx X. Xxxxxxx WSDOT Ferries Division /s/ /s/ Xxxx Xxxxxxxx WSDOT Ferries Division Xxxxxx Xxxxxxx Inlandboatmen’s Union of the Pacific /s/ Xxx Xxxxxxxx Inlandboatmen’s Union of the Pacific ADDENDUM I At the time of printing this agreement, the parties have not completed negotiations over a health care benefits master collective bargaining agreement for the 2013-2015 biennium. Therefore, pursuant to RCW 41.80.010(7), the terms and conditions of the expired 2011- 2013 health care benefits master collective bargaining agreement (printed below) will remain in effect until the effective date of a subsequently negotiated agreement, not to exceed one year from July 1, 2013. HEALTH BENEFITS AGREEMENT BY AND BETWEEN THE STATE OF WASHINGTON AND THE COALITION OF UNIONS1 HEALTH CARE BENEFITS AMOUNTS I.01 The Employer will contribute an amount equal to eighty-five percent (85%) of the total weighted average of the projected health care premium for each bargaining unit employee eligible for insurance each month, as determined by the Public Employees Benefits Board annually for benefits in calendar year 2012 and calendar year 2013, respectively. The projected health care premium is the weighted average across all plans, across all tiers. The Uniform Medical Plan (deductible, out-of-pocket maximums and co-insurance) in effect for calendar year 2011 will be maintained for the 2011-2013 biennium.
Example 4. In this example the fixed term tenancy is for 3 years and the rent is agreed at £650.00 per month for the first year with a CPI linked rent review provision. The tenancy commences on 1 April 2020. The first review date is 1 April 2021 and the notice of review must be given at least 28 days but no more than 90 days before then. If the landlord serves the notice on the tenant on, say, 1 March the relevant CPI data would be for the year ending January 2021 as this will be the latest data available. In this example we assume that this is 1.8% but that the landlord agrees to a lesser increase of 1%. The following year (year 3) the landlord again decides to serve a rent review notice on the tenant on 1 March but this time decides to charge the full increase. The latest available CPI data will be for the year to January 2022 and for the purposes of this example we will assume the percentage change over the 12 months to January 2022 is 1.6%. In this example, the rent payable each year will be (rounded to the nearest xxxxx): Year 1 (from 1 April 2020) Year 2 (from 1 April 2021) Year 3 (1 April 2022) £650 per month £650 x 1.01 = £656.50 per month £656.50 x 1.016 = £667.00 per month Need to get the review notice right
Example 4. Corporation A, a for- eign person, proposes to enter into an oil, gas and mineral lease with a U.S. public entity. Under the terms of the lease, Corporation A pays a lease bonus of $1,000 per acre as an inducement to execute the lease with respect to a 10- acre parcel of covered real estate. The lease has a 10-year term. Corporation A must pay a royalty of 12.5 percent with respect to oil or gas production from the leased parcel. In the absence of such production, the foreign person is obligated to pay a rental fee of $1,000 per acre per year for the first five years and $2,000 per acre thereafter. Assum- ing no other relevant facts, the value of the transaction is $160,000 and there is no filing fee.