PROFITABILITY ADJUSTMENT Sample Clauses

PROFITABILITY ADJUSTMENT. [C_PRE_PROTI_01_ST] For sake of clarity, the amounts which may be paid by Us or You as applicable under this article 6.4 shall not be taken into account for the calculation of the maximum liability. Choose among [C_PRE_BONU10_01_ST], [C_PRE_NCB10_01_ST], [C_PRE_PS10_01_ST], [C_PRE_MALU1_02], [C_PRE_RS10_01_ST] and/or [C_PRE_RSCMP1_01] Or Choose among [C_PRE_BONU13_01_ST], [C_PRE_NCB13_01_ST], [C_PRE_PS13_01_ST], [C_PRE_RS13_01_ST] and/or [C_PRE_RSCM13_01_ST] A. BONUS [C_PRE_BONU10_01_ST] In relation to an insurance period for which the premium has been paid in full, We shall pay You a bonus in accordance with what follows. 1. The amount of the bonus shall be calculated by applying the relevant percentage – which depends on your loss ratio as shown in the table below – to the premium paid for the insurance period, provided that the premium paid for the insurance period after deduction of the bonus exceeds the minimum premium. Loss ratio Bonus (%applicable to the premium paid) 0% - [X]% [A]% [X]% - [Y]% [B]% [Y]% - [Z]% [C]% The loss ratio is the ratio where: • the numerator is the total amount of indemnity paid or to be paid with respect to Deliveries made during the insurance period, less the Recoveries related to such Deliveries and received before the bonus is paid. • the denominator is the premium amount paid for the insurance period. If there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the bonus. 2. The payment of the bonus shall be subject to this Contract remaining in force for a further 3. In order to receive the payment of the bonus You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the bonus and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. B. NO CLAIM BONUS [C_PRE_NCB10_01_ST] In relation to an insurance period for which (i) the premium has been paid in full, (ii) no indemnity has been paid or is or to be paid and (iii) the Contract remains in force for a further insurance period, We shall pay You a no claim bonus, it being agreed that if there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the no claim bonus....
Sample 1Sample 2Sample 3
PROFITABILITY ADJUSTMENT. For sake of clarity, the amounts which may be paid by Us or You as applicable under this article 6.4 shall not be taken into account for the calculation of the maximum liability.
Sample 1Sample 2Sample 3
PROFITABILITY ADJUSTMENT. [C_PRE_PROTI_01_ST] A. BONUS [C_PRE_BONU10_01_ST] 1. The amount of the bonus shall be calculated by applying the relevant percentage – which depends on your loss ratio as shown in the table below – to the premium paid for the insurance period, provided that the premium paid for the insurance period after deduction of the bonus exceeds the minimum premium. Loss ratio Bonus (%applicable to the premium paid) The loss ratio is the ratio where:  the numerator is the total amount of indemnity paid or to be paid with respect to Deliveries made during the insurance period, less the Recoveries related to such Deliveries and received before the bonus is paid.  the denominator is the premium amount paid for the insurance period. If there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the bonus. 2. The payment of the bonus shall be subject to this Contract remaining in force for a further 3. In order to receive the payment of the bonus You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the bonus and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period.
Sample 1

Related to PROFITABILITY ADJUSTMENT

  • Utility Adjustments DB Contractor shall not commence or permit or suffer commencement of construction of a Utility Adjustment included in the Construction Work until TxDOT issues NTP2, all of the conditions set forth in Section 4.4.1 that are applicable to the Utility Adjustment (reading such provisions as if they referred to the Utility Adjustment) have been satisfied, and the following additional requirements have been satisfied: (a) If applicable, the Alternate Procedure List has been approved by FHWA, and either the affected Utility or the Utility Owner is on the approved Alternate Procedure List, as supplemented. (b) The Utility Adjustment is covered by an executed Utility Agreement. (c) The review and comment process has been completed and any required approvals have been obtained for the Utility Assembly covering the Utility Adjustment.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the Committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the BOR President, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Tax Adjustment Tenant shall pay to Landlord or Landlord's agent as Additional Rent, an amount ("Tax Adjustment Amount") equal to Tenant's Proportionate Share of the amount of Taxes incurred with respect to each Calendar Year plus Tenant's pro rata share of the special allocation of Taxes to occupied premises if the last sentence of Section 3A(iii) is applicable for such Calendar Year. The Tax Adjustment Amount with respect to each Calendar Year shall be paid in monthly installments during such Calendar Year in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. If Taxes for any Calendar Year are payable in whole or in part before the end of such Calendar Year, Tenant shall, within thirty (30) days after the written request of Landlord, promptly pay its Proportionate Share of such payment as a special installment, after deducting installments previously paid by Tenant under this Section 3D for such Calendar Year. Following the final payment of Taxes for each Calendar Year, Landlord shall cause the amount of the Tax Adjustment Amount for such Calendar Year to be computed and delivered to Tenant a statement of such amount plus a statement of all estimated installments paid by Tenant for such Calendar Year. Tenant shall pay to Landlord any deficiency shown by such statements within thirty (30) days after receipt of such statement. If the installments paid exceed the actual amount due (such excess is sometimes referred to herein as the "Taxes Credit Amount"), Landlord shall credit the Taxes Credit Amount against payments next due to Landlord from Tenant hereunder; provided that, if the Taxes Credit Amount exceeds the amount of payments next due to Landlord from Tenant hereunder, Landlord shall promptly pay Tenant the amount by which the Taxes Credit Amount exceeds the amount of payments next due to Landlord from Tenant hereunder. The amount of any refund of Taxes received by Landlord shall be credited against Taxes for the year in which such refund is received. In determining the amount of Taxes for any year, the amount of special assessments to be included shall be limited to the amount of the installment (plus any interest payable thereon) of such special assessment required to be paid during such year as if the Landlord had elected to have such special assessment paid over the maximum period of time permitted by law. All references to Taxes "for" a particular year shall be deemed to refer to Taxes due and payable during such year without regard to when such Taxes are levied or assessed. Delay in computation of the Tax Adjustment Amount shall not be deemed a default hereunder or a waiver of Landlord's right to collect the Tax Adjustment Amount. In no event shall Landlord collect any amounts with respect to Taxes which would, when taken together with those amounts collected by Landlord from other tenants in the Building (and in the event the Building is less than 100% occupied, paid directly by Landlord), exceed 100% of the actual Taxes for any Calendar Year.

  • Market Adjustments Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Market Value Adjustment Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • Royalty Adjustments The following adjustments shall be made, on a Licensed Product-by-Licensed Product and country-by-country basis, to the royalties payable pursuant to this Section 5.5:

Most Referenced Clauses

Most Referenced Definitions