Allocation Formulas Clause Samples

The Allocation Formulas clause defines the method by which certain quantities, costs, or benefits are distributed among parties under an agreement. Typically, this clause specifies the mathematical formulas or criteria used to divide resources, such as revenue, expenses, or production outputs, based on agreed-upon factors like percentage shares, usage, or contribution levels. By clearly outlining how allocations are calculated, this clause ensures transparency and fairness, reducing the risk of disputes over how resources or obligations are shared.
Allocation Formulas. The Employer Profit Sharing Contributions (and) forfeitures) shall be allocated to the accounts of eligible Participants pursuant to the following formula (elect one): (1) [_] Compensation Formula Employer Profit Sharing Contributions (and forfeitures) shall be allocated based on each eligible Participant's total Compensation for the Plan Year.
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Allocation Formulas. The Employer Pension Contributions shall be allocated pursuant to the following formula (check one): [_] Compensation Formula Employer Pension Contributions shall be allocated based on each eligible Participant's total Compensation for the Plan Year.
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Allocation Formulas. The funding formula in the Tobacco Settlement Act allocated 92 percent of yearly MSA payments to designated programs and the balance to the measure’s endowment account supporting the commonwealth’s future health care needs. However, in nine of the budgets since 2001/02, the General Assembly modified the act’s funding provisions so tobacco funds could be redirected to other health-related programs. These modifications were accomplished via amendments to the Fiscal Code as part of the annual budget process. (See Appendix A for a list of the modifications made to the Act 77 funding formula.) ▇▇▇▇▇▇ ▇. ▇▇▇, Executive Director ▇▇▇▇ ▇▇▇▇▇▇▇, Assistant Executive Director ▇▇▇▇ ▇▇▇▇▇, Communications Director In 2013, the General Assembly enacted legislation (Act 71 of 2013) to repeal the funding provisions in the Tobacco Settlement Act and established new allocation percentages, beginning in 2013/14, with Section 1713-A.1 of the Fiscal Code. The table below compares allocation percentages initially established in Act 77 for tobacco-funded programs with the replacement percentages established by Act 71. Home and community-based services 13% 13% Tobacco use prevention and cessation programs 12% 4.50% CURE - Broad-based health research 18% 12.6% CURE - Cancer research 1% 1% Hospital uncompensated care payments 10% 8.18% Health insurance for adults * Medical Assistance for Workers with Disabilities 30% 30% PACENET expansion 8% 8% Health Endowment Account 8% - Other health-related purposes - 22.72% Act 71 of 2013 made several significant changes to the original funding formula in Act 77:  It eliminated the annual allocation to the Health Endowment Account (which was depleted in 2011 as part of the Fiscal Code changes in Act 46 of 2010) and the adultBasic program (terminated by ▇▇▇▇▇▇▇ in 2011).  It also added a new allocation to be separately appropriated for health-related purposes. The funding redirects from previous budgets to primarily offset General Fund costs for Medical Assistance long-term care and, to a much lesser extent, for continued funding that supports the life sciences greenhouses established in Act 77. Act 71 of 2013 also required all other payments and revenues received by the commonwealth (other than the annual MSA payment) to remain in the Tobacco Settlement Fund so they can be appropriated for health-related purposes. Examples of “other payments” include strategic contribution payments and any tobacco payments released from the disputed payments a...
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Allocation Formulas i.1.a.i.1. Allocated Utilities (i.e., water, sewer, trash, hot water) are billed on a “100% Occupancy” formula, or one of the alternative methods below. After deducting the CAD, Billing Provider divides the utility charges being allocated, by the total of all authorized occupants at the Property. Billing Provider calculates Resident’s share by multiplying the result of this calculation, by the occupancy factor based upon the total number of authorized occupants in the Premises. The occupancy factors are provided in the below table:
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Allocation Formulas 
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Related to Allocation Formulas

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Corrective Allocations In the event of any allocation of Additional Book Basis Derivative Items or any Book-Down Event or any recognition of a Net Termination Loss, the following rules shall apply: (A) In the case of any allocation of Additional Book Basis Derivative Items (other than an allocation of Unrealized Gain or Unrealized Loss under Section 5.5(d) hereof), the General Partner shall allocate additional items of gross income and gain away from the holders of Incentive Distribution Rights to the Unitholders and the General Partner, or additional items of deduction and loss away from the Unitholders and the General Partner to the holders of Incentive Distribution Rights, to the extent that the Additional Book Basis Derivative Items allocated to the Unitholders or the General Partner exceed their Share of Additional Book Basis Derivative Items. For this purpose, the Unitholders and the General Partner shall be treated as being allocated Additional Book Basis Derivative Items to the extent that such Additional Book Basis Derivative Items have reduced the amount of income that would otherwise have been allocated to the Unitholders or the General Partner under the Partnership Agreement (e.g., Additional Book Basis Derivative Items taken into account in computing cost of goods sold would reduce the amount of book income otherwise available for allocation among the Partners). Any allocation made pursuant to this Section 6.1(d)(xii)(A) shall be made after all of the other Agreed Allocations have been made as if this Section 6.1(d)(xii) were not in this Agreement and, to the extent necessary, shall require the reallocation of items that have been allocated pursuant to such other Agreed Allocations. (B) In the case of any negative adjustments to the Capital Accounts of the Partners resulting from a Book-Down Event or from the recognition of a Net Termination Loss, such negative adjustment (1) shall first be allocated, to the extent of the Aggregate Remaining Net Positive Adjustments, in such a manner, as determined by the General Partner, that to the extent possible the aggregate Capital Accounts of the Partners will equal the amount that would have been the Capital Account balance of the Partners if no prior Book-Up Events had occurred, and (2) any negative adjustment in excess of the Aggregate Remaining Net Positive Adjustments shall be allocated pursuant to Section 6.1(c) hereof. (C) In making the allocations required under this Section 6.1(d)(xii), the General Partner may apply whatever conventions or other methodology it determines will satisfy the purpose of this Section 6.1(d)(xii).

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.