Common use of RESULT SHARE Clause in Contracts

RESULT SHARE. [C_PRE_RS10_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions: 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: • on the credit side: the premium paid for the insurance period and • on the debit side: (i) 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 result share is paid and (ii) [x]% of the premium paid. 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 result share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% of the balance of the profitability account, provided that: (a) the premium paid for the insurance period after deduction of the result share exceeds the minimum premium; (b) the premium for the insurance period has been paid to Us in full, and (c) this Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on the Minimum Premium and the Premium Rate(s) of the concerned insurance period. 3. In order to receive the payment of the positive result share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.

RESULT SHARE. [C_PRE_RS10_01_STC_PRE_RSCMP1_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions: 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: • on the credit side: the premium paid for the insurance period and • on the debit side: (i) 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 result profit share is paid and (ii) [x]% of the premium paid. 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 result profit share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% x] % of the balance of the profitability account, provided thatthat : (a) the premium paid for the insurance period after deduction of the result share profit sharing exceeds the minimum premium;the (b) the premium for the insurance period has been paid to Us in full, and (c) this Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on to the Minimum Premium minimum premium and the Premium Rate(spremium rate(s) of on the concerned insurance period. 3. In order to receive the payment of the positive result profit share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result profit share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.

RESULT SHARE. [C_PRE_RS10_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions: 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: • on  On the credit side: the premium paid for the insurance period and • on  On the debit side: : (i) the 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 result share is paid and and (ii) [x]% of the premium paid. 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 result share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% of the balance of the profitability account, provided that: (a) the The premium paid for the insurance period after deduction of the result share exceeds the minimum premium;the (b) the The premium for the insurance period has been paid to Us in full, and (c) this This Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on the Minimum Premium and the Premium Rate(s) of the concerned insurance period. 3. In order to receive the payment of the positive result share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.

RESULT SHARE. [C_PRE_RS10_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions: 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: • on  On the credit side: the premium paid for the insurance period and • on  On the debit side: : (i) the 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 result profit share is paid and and (ii) [x]% of the premium paid. 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 result profit share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% x] % of the balance of the profitability account, provided that: (a) the The premium paid for the insurance period after deduction of the result share profit sharing exceeds the minimum premium;the (b) the The premium for the insurance period has been paid to Us in full, and (c) this This Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on to the Minimum Premium minimum premium and the Premium Rate(spremium rate(s) of on the concerned insurance period. 3. In order to receive the payment of the positive result profit share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result profit share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.

RESULT SHARE. [C_PRE_RS10_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions:C_PRE_RSCMP1_01_ST] 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: •  on the credit side: the premium paid for the insurance period and •  on the debit side: (i) 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 result profit share is paid and (ii) [x]% of the premium paid. 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 result profit share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% x] % of the balance of the profitability account, provided thatthat : (a) the premium paid for the insurance period after deduction of the result share profit sharing exceeds the minimum premium;the (b) the premium for the insurance period has been paid to Us in full, and (c) this Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on to the Minimum Premium minimum premium and the Premium Rate(spremium rate(s) of on the concerned insurance period. 3. In order to receive the payment of the positive result profit share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result profit share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.

RESULT SHARE. [C_PRE_RS10_01_ST] In relation to an insurance period, We shall calculate a result share subject to the following conditions:] 1. We calculate the balance of the profitability account of the insurance period. The profitability account of the insurance period shall refer to the balance between: •  on the credit side: the premium paid for the insurance period and •  on the debit side: (i) 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 result share is paid and (ii) [x]% of the premium paid. 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 result share. 2. If the balance of the profitability account shows a credit balance, We will refund to You [x]% of the balance of the profitability account, provided that: (a) the premium paid for the insurance period after deduction of the result share exceeds the minimum premium; (b) the premium for the insurance period has been paid to Us in full, and (c) this Contract remains in force for a further insurance period. If the balance of the profitability account shows a debit balance, We will invoice You a malus calculated as a [x]% increase on the Minimum Premium and the Premium Rate(s) of the concerned insurance period. 3. In order to receive the payment of the positive result share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the positive result share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period. 4. The invoicing of the malus shall occur within [30] days following the date when there is no more risk of Non-Payment of Debts relating to Deliveries made during the insurance period, or earlier at your request provided that You waive your rights to payment of any subsequent indemnities relating to the insurance period.