Earned Profit definition
Earned Profit means, with respect to any Customer Contract, the Contract Profit multiplied by the Completion Percentage.
Earned Profit means all Fee, all profit in the Extended ESC Task and any other amounts owing to the Contractor from the Authority in relation to any additional incentivisation mechanisms;
Earned Profit is defined as the amount calculated each Settlement Period, on an inception to date basis, as the greater of zero; or the net result of the Earned Premium plus Investment Income less Earned Expense Allowance less Incurred Claims.
Examples of Earned Profit in a sentence
In the event that any Loss Carry Forward balance arises for a Settlement Period, any Earned Profit for subsequent Settlement Periods will reduce the Loss Carry Forward balance on a dollar-for-dollar basis until such balance is eliminated prior to any Earned Profits applied to reduce the Unearned Expense Allowance.