Rate incentive definition

Rate incentive means a discount that is not a workshare discount and that is designed to increase or retain volume, improve the value of mail for mailers, or improve the operations of the Postal Service.(b) Calculation—(1) Type 1–A and Type 1–B rate adjustments. For a Type 1–A or Type 1–B rate adjustment, for each class of mail and product within the class, the percentage change in rates is calculated in three steps. First, the volume of each rate cell in the class is multiplied by the planned rate for the respective cell and the resulting prod- ucts are summed. Then, the same set of rate cell volumes are multiplied by the corresponding current rate for each cell and the resulting products are summed. Finally, the percentage change in rates is calculated by divid- ing the results of the first step by the results of the second step and sub- tracting 1 from the quotient. The re- sult is expressed as a percentage. (2) Type 1–C rate adjustments. For a Type 1–C rate adjustment, for each class of mail and product within the class, the percentage change in rates is calculated by amending the workpapers attached to the Commis- sion’s order relating to the most recent Type 1–A or Type 1–B notice of rate ad- justment to replace the planned rates under the most recent Type 1–A or Type 1–B notice of rate adjustment with the corresponding planned rates applicable to the class from the Type 1– C notice of rate adjustment.(c) Formula. The formula for calcu-lating the percentage change in rates for a class described in paragraph (b) of this section is as follows:Percentage change in rates = Where,N = number of rate cells in the class
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Rate incentive means a discount that is not a workshare discount and that is designed to increase or retain volume, improve the value of mail for mailers, or improve the operations of the Postal Service.
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Rate incentive means a discount that is not a workshare discount and that is designed to increase or retain volume, improve the value of mail for mailers, or improve the operations of the Postal Service. (b) Calculation. (1) Type 1-A and Type 1-B Rate Adjustments. For a Type 1-A or Type 1-B rate adjustment, for each class of mail and product within the class, the percentage change in rates is calculated in three steps. First, the volume of each rate cell in the class is multiplied by the planned rate for the respective cell and the resulting products are summed. Then, the same set of rate cell volumes are multiplied by the corresponding current rate for each cell and the resulting products are summed. Finally, the percentage change in rates is calculated by dividing the results of the first step by the results of the second step and subtracting 1 from the quotient. The result is expressed as a percentage. (2) Type 1-C rate adjustments. For a Type 1-C rate adjustment, for each class of mail and product within the class, the percentage change in rates is calculated by amending the workpapers attached to the Commission’s order relating to the most recent Type 1-A or Type 1-B notice of rate adjustment to replace the planned rates under the most recent Type 1-A or Type 1-B notice of rate adjustment with the corresponding planned rates applicable to the class from the Type 1-C notice of rate adjustment. (c) Formula. The formula for calculating the percentage change in rates for a class described in paragraph (b) of this section is as follows: Percentage change in rates = Where, N = number of rate cells in the class i = denotes a rate cell (i = 1, 2, …, N) Ri,n = planned rate of rate cell iRi,c = current rate of rate cell i (for a Type 1-A or Type 1-B rate adjustment) or rate from most recent Type 1-A rate adjustment for rate cell i (for a Type 1-C rate adjustment). Vi = volume of rate cell i (d) Volumes. (1) Obtaining Volumes from billing determinants. The volumes for each rate cell shall be obtained from the most recent available 12 months of Postal Service billing determinants. (2) Permissible adjustments. The Postal Service shall make reasonable adjustments to the billing determinants to account for the effects of classification changes such as the introduction, deletion, or redefinition of rate cells. The Postal Service shall identify and explain all adjustments. All information and calculations relied upon to develop the adjustments shall be provided together with an expl...
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Examples of Rate incentive in a sentence

  • A Purchased Power Adjustment Factor shall be applied to all bills issued on and after August 1, 2007 except those bills for new electric loads which have been added after May 17, 2010 and which exceed an average of five million seven hundred and sixty thousand (5,760,000) kilowatt hours per month and which the Customer participates in the Market Based Rate incentive program.

  • The LTV, age, and rate incentive variables were splined to allow for nonlinear impact with knot points at:• LTV 60, 80, 90, 100, and 120 percent• Age 12, 24, and 36 months• Rate incentive 0, 1, and 2 percentA second financial variable (spread at origination) was included measuring the difference between the mortgage index on the month of origination and the coupon rate on the loan.

  • However, the 50% All Families Rate incentive payment will continue.

Related to Rate incentive

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Final average salary means whichever of the following is greater:

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.