Common use of Fractional Contribution Units Clause in Contracts

Fractional Contribution Units. Where any calculation of a number of Contribution Units under the Policy does not result in an integral number of Contribution Units, that number shall be calculated to the 3rd decimal place, and any reference in the Policy to the allocation, cancellation, or valuation of Contribution Units includes reference to fractions of Contribution Units calculated to the 3rd decimal place, where relevant.

Fractional Contribution Units. Where any calculation of a number of Contribution Units under the Policy Reinsurance Agreement does not result in an integral number of Contribution Units, that number shall be calculated to the 3rd decimal place, and any reference in the Policy Reinsurance Agreement to the allocation, cancellation, or valuation of Contribution Units includes reference to fractions of Contribution Units calculated to the 3rd decimal place, where relevant.