Examples of Accrual Fraction in a sentence
A Pensioner’s Normal Pension shall be payable in a monthly amount equal to his Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable benefit schedule in the row corresponding to his age at retirement.
The monthly amount of the Vested Pension shall be equal to the Participant’s Benefit Accrual Fraction multiplied by the amount set forth in Appendix I (Appendix I-A if he terminated from Covered Employment before April 1, 1987) for the applicable Schedule in the row corresponding to his age at the commencement of benefits.
In Module 1 of Learning and Growing through Evaluation, we describe two phases of evaluation planning: (1) Strategic evaluation planning and (2) Individual evaluation planning.
RAN(2): The rate of interest will be product of (a) a Range Accrual Fraction and (b) the sum of an applicable rate and a margin.
Scenario 3 The Notes are not redeemed on an Optional Redemption Date (Call), and the Accrual Fraction in respect of the final Accrual Period is 0.5.The Notes will be redeemed on the Maturity Date and the Final Redemption Amount payable in respect of each Note (of the Specified Denomination) will be the Specified Denomination, i.e., CNY 1,000,000.