REINSURER ALLOWANCES Sample Clauses

REINSURER ALLOWANCES. In the event that an Experience Trigger Event has not occurred, the Reinsurer Allowance with respect to each Accounting Period after the Effective Date, shall be an amount equal to the sum of (i) and (ii), where: (i) equals 0.25% (0.375% effective January 1, 2009 and later) of the sum of the Total Ceded Reserves as of the end of the Accounting Period; and (ii) equals 0.50% of the market value of the Reserve Credit Trust Assets as of the beginning of the Accounting Period (not including any assets in the Reserve Credit Trust resulting from cumulative Reinsurer Allowances, if any, or amounts withdrawn by the Reinsurer from the Funds Withheld Trust Accounts and deposited in the Reserve Credit Trust). In the event that an Experience Trigger Event has occurred with respect to an Accounting Period, the Reinsurer Allowance in part (i) above shall be .3125% (.4375% effective January 1, 2009 and later) of the sum of the Total Ceded Reserves of the Cedents as of the end of each Accounting Period during which and after the Experience Trigger Event occurred.
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REINSURER ALLOWANCES. In the event that an Experience Trigger Event has not occurred, the Reinsurer Allowance with respect to each Accounting Period after the Effective Date, shall be an amount equal to the sum of (i), (ii) and (iii), where: (i) equals 0.25% (0.3125% effective October 1, 2010 and later) of the sum of the Total Ceded Reserves as of the end of the Accounting Period (the “Reserve Margin”); plus (ii) equals 0.50% of the market value of the Reserve Credit Trust Assets as of the beginning of the Accounting Period (not including any assets in the Reserve Credit Trust resulting from cumulative Reinsurer Allowances, if any, or amounts withdrawn by the Reinsurer from the Funds Withheld Trust Accounts and deposited in the Reserve Credit Trust) (the “Collateral Fee”); plus (iii) an amount equal to M multiplied by the 75% of Net Premium with respect to the applicable Accounting Period; With M for each Accounting Period equal to the percentage specified below(the “Profit Margin”): M 1 10.00% 2 10.00% 3 10.00% 4 12.50% 5 12.50% 6 and beyond 15.00% In the event that an Experience Trigger Event has occurred with respect to an Accounting Period, the Reinsurer Allowance in part (i) above shall be 0.3125% (0.3906% effective October 1, 2010 and later) of the sum of the Total Ceded Reserves of the Cedents as of the end of each Accounting Period during which and after the Experience Trigger Event occurred.

Related to REINSURER ALLOWANCES

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.

  • Auto Allowance The Company shall provide to Executive a car allowance in an amount equal to $1,000 per month during the Employment Period.

  • Travel Allowances There shall be no payments for travel expenses, travel time, subsistence allowance or other such reimbursements or special pay except as expressly set forth in this Agreement.

  • Meal Allowances Employees assigned to be in travel status between the employee's temporary or permanent work station and a field assignment shall be reimbursed for the actual cost of meals including a reasonable gratuity. Employees must meet the following conditions to be eligible for meal reimbursement:

  • Over-Allowance Amount On the Cost Proposal Delivery Date and, in any event, prior to the commencement of the construction of the Tenant Improvements, Tenant shall deliver to Landlord cash in an amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date). The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. If, after the Cost Proposal Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements as a result of requests made by Tenant or as otherwise specified in Section 5.01(h) below, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord immediately upon Landlord’s request as an addition to the Over-Allowance Amount and, in any event, prior to the commencement of the construction of the revisions, changes or substitutions. Promptly following completion of construction of the Tenant Improvements and payment of all costs incurred in connection therewith, Landlord shall prepare and deliver to Tenant a reasonably detailed reconciliation of (i) the total cost of the Tenant Improvements, including all Tenant Improvement Allowance Items, and (ii) the total amount of the Tenant Improvement Allowance and the Over-Allowance Amount payments previously made by Tenant pursuant to the foregoing provisions of this Section. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements exceeds the amount of the Tenant Improvement Allowance plus all Over-Allowance Amount previously paid by Tenant, Tenant shall pay the amount of such shortfall to Landlord within thirty (30) days after receipt of such reconciliation. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements is less than the amount of the Tenant Improvement Allowance plus all Over-Allowance Amounts previously paid by Tenant, Landlord shall pay the amount of such overage to Tenant at the time that Landlord delivers such reconciliation to Tenant.

  • Other Allowances The District shall pay to each teacher appointed by the District to the following positions, the allowance respectively set forth opposite each such position, namely: (a) Supervisor 23,305 (b) Consultant 11,103 (c) Coordinating teacher 3,771

  • Shift Allowances (a) An Employee whilst on afternoon or night shift must be paid for such shift 15% more than the Employee’s ordinary rate. (b) An Employee who works on an afternoon or night shift which does not continue for at least five successive afternoons or nights must be paid for such shift at time and a half for the first two hours thereof and double time thereafter. (c) An Employee who: (i) during a period of engagement on shift, works night shift only; (ii) remains on night shift for a longer period than four consecutive weeks; or (iii) works on a night shift which does not rotate or alternate with another shift or with day work so as to give the Employee at least one third of their working time off night shift in each shift cycle; must, during such engagement, period or cycle, be paid 30% more than their ordinary rate for all time worked during ordinary working hours on such night shift.

  • Expense Allowance The Company shall reimburse the Executive for all reasonable and necessary expenses incurred by him from time to time in the performance of his duties hereunder, against receipts therefor in accordance with the then effective policies and requirements of the Company.

  • Vehicle Allowance Vehicle allowances for all distances travelled while on employer business shall be paid to employees required to use their own vehicles in the performance of their duties. This does not include travel to and from work. Vehicle allowance shall be 40¢ per kilometre. Vehicles driven on employer business will be in compliance with ICBC Regulations.

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.

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