Target Calculation Sample Clauses

Target Calculation. (a) In determining whether a Founding Firm has achieved its Individual Target for a Measurement Period, a Founding Firm will receive (x) one (1) credit for each side of a transaction in any Product other than a Mini executed through the Exchange that is executed by such Founding Firm or an Affiliate thereof and (y) one tenth (1/ 10I') of a credit for each side of a transaction in any Mini, in each case, either for its own proprietary account or for the account of a customer (including, for the sake of clarity, in respect of a trade routed to the Exchange by such Founding Firm where the Founding Firm or an Affiliate thereof does not interact with any part of that order subsequent to such routing). Notwithstanding the foregoing, a Founding Firm shall not be awarded any credits in respect of (i) transactions executed on trading days on which trading on the Exchange is halted, in aggregate, for fifteen percent (15%) of the trading day or longer (whether on a continuous or non-continuous basis), (ii) transactions executed during a period of time in which the Exchange experienced a bona tide systems problem, (iii) transactions in respect of which a Founding Firm or an Affiliate thereof, as applicable, is not permitted to receive compensation pursuant to applicable Law or the execution of which is found by a Governmental Authority or SRO to have constituted a violation of applicable Law, (iv) Voluntarily Excluded Transactions and (v) Strategic Transaction Volume, and any such transactions shall be excluded for purposes of determining whether a Founding Firm has achieved its Individual Target for a particular Measurement Period.
Sample 1
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Target Calculation. (a) In determining whether a Founding Firm has achieved its Individual Target for a Measurement Period, a Founding Firm will receive (x) one (1) credit for each side of a transaction in any Product other than a Mini executed through the Exchange that ... (b) A Founding Firm (the “executing Founding Firm”) may enter into an agreement with another Founding Firm (a “second Founding Firm”) providing for the allocation of execution credits for transactions through the Exchange of (i) the second Founding Fi... (c) On the first Business Day of each month, or as soon as practicable thereafter, the Company shall send to each Founding Firm a summary of (i) the cleared Volume executed through such Founding Firm’s Amex Trading Permit Identification numbers for su... (d) No less frequently than once in each quarter, the Company shall meet separately with each Founding Firm to determine whether such Founding Firm’s Volume shall be adjusted to reflect (i) contracts counted against such Founding Firm’s Individual Tar... (e)
Sample 1

Related to Target Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Offense Level Calculations i. The base offense level is 7, pursuant to Guideline § 2B1.1(a)(1).

  • Evaluation Schedule CLIENT REFERENCES The Tenderer shall provide details of his performance on each of the previous projects listed in the “Relevant Experience” returnable schedule. “Client Reference Scorecards” will be completed by each of the respective Clients for the projects listed in the “Relevant Experience” returnable schedule. The following are to be completed by the Client and Principal Agent and is to be supported in each case by a letter of award and the works completion certificate. Both Client and Principal Agent must sign and stamp the documents, failure to obtain both signatures and stamps will result in no allocation of points. PROJECT NAME and SCOPE OF WORK: Principal agent: ................................................................................................................................. Client: .. ..............................................................................................................................................

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Calculation methodology No adjustment in the Conversion Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Price then in effect, provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in this Article VI, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Article V and Section 6.06 hereof and this Section 6.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example: CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Detailed Monthly Report Vendor shall electronically provide DIR with a detailed monthly report in the format required by DIR showing the dollar volume of any and all sales under the Contract for the previous calendar month period. Reports are due on the fifteenth (15th) calendar day of the month following the month of the sale. If the 15th calendar day falls on a weekend or state or federal holiday, the report shall be due on the next business day. The monthly report shall include, per transaction: the detailed sales for the period, Customer name, invoice date, invoice number, description, quantity, MSRP or List Price, unit price, extended price, Customer Purchase Order number, contact name, Customer’s complete billing address, the estimated administrative fee for the reporting period, subcontractor name, EPEAT designation (if applicable), configuration (if applicable), contract discount percentage, actual discount percentage, negotiated contract price (if fixed price is offered instead of discount off of MSRP), and other information as required by DIR. Each report must contain all information listed above per transaction or the report will be rejected and returned to the Vendor for correction in accordance with this section. Vendor shall report in a manner required by DIR which is subject to change dependent upon DIR’s business needs. Failure to do so may result in contract termination.

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