Method of Calculating Reserve Sample Clauses

Method of Calculating Reserve. (a) Teachers under contract to The Waterloo County Board of Education, and/or its predecessor Boards, prior to September 1, 1969, shall retain the sick leave credit which they accumulated up to June 30, 1969, but shall not add additional sick leave credit unless such accumulation falls below the maximum set by the Board. (b) Teachers employed by the Waterloo Region District School Board, and/or its predecessor Boards, shall retain the sick leave credit which they accumulated up to December 31, 1997, but shall not add additional sick leave credit unless such accumulation falls below the maximum set by the Board. (c) During each school year, a Teacher shall be credited an allowance of twenty
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Method of Calculating Reserve. (a) Members under contract to the Waterloo County Board of Education and/ or its predecessor boards prior to September 1, 1969, shall retain the sick leave credit which they accumulated up to June 30, 1969, but shall not add additional sick leave credit unless such accumulation falls below the maximum set by the Board. (b) Members employed by the Waterloo Region District School Board, and/ or its predecessor boards, shall retain the sick leave credit which they accumulated up to December 31, 1997, but shall not add additional sick leave credit unless such accumulation falls below the maximum set by the Board. (c) During each school year a Member shall be credited with an allowance of twenty (20) days effective the first day of the school year and shall be allowed to accumulate 100% of the number of days credited on which the Member was not absent from duty because of illness, disability, or family care, up to a limit of 260 days. (d) Notwithstanding section 3(c), a Member who qualifies for benefits under the Long-Term Disability Group Insurance Plan for Members of O.S.S.T.F. District 24 may commence L.T.D. benefits at the end of the qualifying period or at the end of the Member’s sick leave credits. If the Member goes on L.T.D. after the L.T.D. qualifying period, the remaining cumulative sick leave credits will be held in reserve for use by the Member upon returning to employment, or in the calculation of a retirement gratuity when the Member is eligible for an approved O.M.E.R.S. Pension. (e) Members who commence an approved extended leave of absence, other than for the purposes of L.T.D., other than on September 1st, or leave employment prior to June 30, shall have their credited allowance adjusted to a pro-rated number of sick leave days rounded up to the nearest one-half day. In the event the Member uses more sick leave days than the pro-rated number credited for that school year, the difference will be deducted from the Member’s reserve account. If on the date the Member commences the leave or ceases employment there are not sufficient days in the reserve account to cover this deduction, the reserve account will be reduced to zero. (f) Members who commence employment during the work year or any month shall be credited with a pro-rated number of sick leave days rounded up to the nearest one-half day. (g) A Member of this Board who leaves to serve in the Armed Forces of this country during wartime and who returns to the service of this Board directly fo...
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Method of Calculating Reserve. Members employed by the Waterloo Region District School Board, and/or its predecessor boards, shall retain the sick leave credit which they accumulated up to December but shall not add additional sick leave credit unless such accumulation falls below the set by the Board. During each school year a Member shall be credited with an allowance of twenty (20) days effective the first day of the school year and shall be allowed to accumulate of the number of days credited on which the Member was not absent from duty because of illness, disability, or family care, up to a limit of days. Notwithstanding section a Member who qualifies for benefits under the Term Disability Group Insurance Plan for members of District may commence benefits at the end of the period or at the end of the Member’s sick leave credits. If the Member goes on after the period, the remaining cumulative sick leave credits will be held in reserve for use by the Member upon returning to teaching duties, or in the calculation of a retirement gratuity when the Member is eligible for an approved teachers’ Pension in accordance with Article Members who commence an approved extended leave of absence, other than for the purposes of other than on September or leave employment prior to June shall have their credited allowance adjusted to a pro-rated number of sick leave days rounded up to the nearest one-half day. Members who commence employment during the work year or any month shall be credited with a pro-rated number of sick leave days rounded up to the nearest one-half day. A Member of this Board who leaves to serve in the Armed Forces of this country during wartime and who returns to the service of this Board directly following the Member’s discharge, shall be entitled to sick leave credits for such period of war service at a rate not exceeding six (6) days per year, subject to the limitations of this plan. Charges Against Plan
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Related to Method of Calculating Reserve

  • Method of Calculation All calculations under this Section 4 shall be made to the nearest one hundredth of a share.

  • Method of Computation To determine the Adviser’s liability with respect to the Excess Amount, each month the Fund Operating Expenses for the Fund shall be annualized as of the last day of the month. If the annualized Fund Operating Expenses for any month exceeds the Operating Expense Limit of the Fund, the Adviser shall first waive or reduce its investment advisory fee for such month by an amount sufficient to reduce the annualized Fund Operating Expenses to an amount no higher than the Operating Expense Limit. If the amount of the waived or reduced investment advisory fee for any such month is insufficient to pay the Excess Amount, the Adviser shall also remit to the Fund an amount that, together with the waived or reduced investment advisory fee, is sufficient to pay such Excess Amount.

  • Method of Measurement All linear and area measurements under this Agreement are measured on the horizontal plane, unless specified otherwise in an attached Schedule.

  • Method of Billing Consultant may submit invoices to the City for approval on a progress basis, but no more often than two times a month. Said invoice shall be based on the total of all Consultant’s services which have been completed to City’s sole satisfaction. City shall pay Consultant’s invoice within forty-five (45) days from the date City receives said invoice. Each invoice shall describe in detail, the services performed, the date of performance, and the associated time for completion. Any additional services approved and performed pursuant to this Agreement shall be designated as “Additional Services” and shall identify the number of the authorized change order, where applicable, on all invoices.

  • Method of Adjustment Calculation Agent Adjustment; notwithstanding anything in the 2002 Definitions to the contrary, the Calculation Agent may make an adjustment pursuant to Calculation Agent Adjustment to any one or more of the Base Amount, the Forward Price and any other variable relevant to the settlement or payment terms of the Transaction.

  • Method of Accounting The Company will use the method of accounting previously determined by the Members for financial reporting and tax purposes.

  • Method of Determination A determination (if required by applicable law) with respect to Indemnitee’s entitlement to indemnification shall be made, as follows: (a) if a Change in Control has occurred, unless Indemnitee shall request in writing that such determination be made in accordance with clause (b) of this Section 6.02, the determination shall be made by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. (b) If a Change in Control has not occurred, and subject to Section 6.03, the determination shall be made by (i) a majority vote of the Disinterested Directors, even though less than a quorum; (ii) by a committee of Disinterested Directors designated by majority vote of such Disinterested Directors, even though less than a quorum; (iii) if there are no such Disinterested Directors, by the Independent Counsel in a written opinion to the Board, or (iv) by the Company’s stockholders.

  • Method of Allocation The Employer must specify in its Adoption Agreement the manner of allocating each annual Employer contribution to this Trust.

  • METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.

  • Method of Distribution (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree. (b) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, which shall credit the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each financial intermediary for which it acts as agent. Each such financial intermediary shall be responsible for disbursing funds to the Certificate Owners that it represents. All such credits and disbursements with respect to a Book-Entry Certificate are to be made by the Depository and the Depository Participants in accordance with the provisions of the applicable Certificates. Neither the Trustee nor the Master Servicer shall have any responsibility therefor except as otherwise provided by applicable law. (c) The Trustee shall withhold or cause to be withheld such amounts as it reasonably determines are required by the Code (giving full effect to any exemptions from withholding and related certifications required to be furnished by Certificateholders or Certificate Owners and any reductions to withholding by virtue of any bilateral tax treaties and any applicable certification required to be furnished by Certificateholders or Certificate Owners with respect thereto) from distributions to be made to Non-U.S.

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