Calendar Month Calculation Sample Clauses

Calendar Month Calculation. (i) If a teacher completes a full calendar month of teaching experience, regardless of the number of days of teaching experience in the calendar month, the teacher will be credited with a ‘full teaching month’ and an experience credit of 0.1 shall be credited. (ii) If a teacher completes one or more partial calendar months of teaching experience, then a sum of the number of days of teaching experience in the partial calendar months will be considered. For every twenty (20) days of teaching experience, the teacher will be credited with a ‘full teaching month’ and an experience credit of 0.1 shall be credited. (iii) If there is a remainder of ten (10) or more days of teaching experience, the teacher will be credited with a ‘full teaching month’ and an experience credit of 0.1 shall be credited. (i) For every multiple of twenty (20) days of teaching experience, the teacher will be credited with a ‘full teaching month’ and an experience credit of 0.1 shall be credited. (ii) If there is a remainder of ten (10) or more days of teaching experience, the teacher will be credited with a ‘full teaching month’ and an experience credit of 0.1 shall be credited.
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Related to Calendar Month Calculation

  • 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.

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

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6