Compensation Calculation Clause Samples
Compensation Calculation. Within a reasonable period after bank failure, the Bridge Bank will provide to the Receiver an initial calculation of allocated fixed and variable costs and a proposed Fee for each Serviced Asset. The Receiver will have sole discretion to accept or reject this proposal. Thereafter, by the tenth (10th) Business Day of each subsequent calendar month, the Bridge Bank will provide (i) an updated calculation of allocated fixed and variable costs since the first calendar day of the prior month; (ii) a report identifying the count, balance, and type of all Serviced Assets and the aggregate changes in the count, balance, and type of all Serviced Assets since the first calendar day of the prior month; and
Compensation Calculation. 3.1 Annual salary for the period between March 1st, 2017 and February 28th, 2018 is 93,370,393 KRW which consists of basic salary, legal allowance and other allowance.
3.2 Basic salary is 65,709,993 KRW and it is calculated as below - Basic Salary = Monthly Basic Salary X 12
Compensation Calculation. 6.1. If the amount insured as Gross Profit is less than that determined by applying the Gross Profit rate to the Annual Turnover, the Insured shall be liable for the proportionate share of the losses as if he were the insurer of the surplus. On the other hand, if said sum is greater, the insurance only covers up to the aforementioned amount;
Compensation Calculation. For employees employed by the County effective January 1, 1948 benefits will be based on the average of one year’s highest earnings (County Employees’ Retirement Law of 1937, Section 31462.1). For employees employed by the County effective July 1, 1984 benefits will be based on the average of three years’ highest earnings (County Employees’ Retirement Law of 1937, Section 31676.1).
Compensation Calculation. This Exhibit outlines the calculation of the compensation to be paid by Ford to Visteon pursuant to Sections 2.2(e) and 10.1(e). As used in this Exhibit 10.1, the following definitions shall have the meanings specified below:
Compensation Calculation. 3.1 Annual salary for the period between March 1st, 2017 and February 28th, 2018 is 202,411,080 KRW which consists of basic salary, legal allowance and other allowance.
3.2 Basic salary is 143,447,134 KRW and it is calculated as below - Basic Salary = Monthly Basic Salary X 12
3.3 Legal Allowance means overtime allowance and it is 57,763,946 KRW. It is calculated with the base of 40 hours of overtime per a month. - Monthly Overtime = Monthly basic salary ÷ 209 hours x 1.5 x 40 hours - Legal Allowance = Monthly overtime x 12
3.4 Other Allowance is 1,200,000 KRW for lunch meals. The company may pay a prescribed allowance determined by The Company.
Compensation Calculation. The University agrees to pay the Professional an hourly rate for the work and services defined under the terms of this agreement for a Total Amount Not to Exceed as calculated in accordance to the instructions defined, summarized and documented in Attachment B and summarized on the Project Compensation Sheet.
Compensation Calculation. The compensation shall be calculated based on the difference between the value of the unsatisfied orders and the actual value of the orders delivered by MOSFAC. The compensation amount shall be determined in good faith by both parties, taking into account the prevailing market prices and other relevant factors.
Compensation Calculation. Police Officer, Fire-Rescue Officer, and Fire Prevention Officer:
1. The starting base pay for Police Officer, Fire-Rescue Officer, and Fire Prevention Officer shall be determined by calculating the average of (a) and (b) below:
a. the average starting base pay for police officer rank or comparable rank of the Comparable Cities, and;
b. the average starting base pay for fire-rescue officer rank or comparable rank of the Comparable Cities.
2. The top step pay for Police Officer, Fire-Rescue Officer, and Fire Prevention Officer shall be determined by calculating the average of (a) and (b) below:
a. the average top pay for police officer rank or comparable rank of the Comparable Cities, and;
b. the average top pay for fire-rescue officer rank or comparable rank of the Comparable Cities.
3. The ranks of Police Officer, Fire-Rescue Officer, and Fire Prevention Officer will have 10 steps each and the rate of pay for the steps between the starting base pay and the top step pay will be calculated to maintain equal separation between the steps.
1. The starting base pay for Fire-Rescue Second Driver shall be the equivalent of Step 1-9 for the rank of Fire-Rescue Officer.
2. Fire-Rescue Second Driver rank will receive the same percentage increase as the equivalent of Step 1-9 for the rank of Fire-Rescue Officer.
1. The starting base pay for Police Senior Corporal, Fire-Rescue Driver Engineer, and Senior Fire Prevention Officer shall be the equivalent of Step 1-8 for the rank of Police Officer, Fire-Rescue Officer, and Fire Prevention Officer.
2. A Police Officer, Fire-Rescue Officer, or Fire Prevention Officer who promotes to the rank of Police Senior Corporal, Fire-Rescue Driver Engineer, or Senior Fire Prevention Officer will be placed in the lowest step of the rank of Police Senior Corporal, Fire-Rescue Driver Engineer or Senior Fire Prevention Officer that results in a pay increase and shall remain in that step until their tenure in the rank results in a step increase.
3. The ranks of Police Senior Corporal, Fire-Rescue Driver Engineer, and Senior Fire Prevention Officer shall have 5 steps each, and shall receive a 3% increase in pay for each step increase.
Compensation Calculation. In accordance with the principles expressed in Article 2, the compensation due Geovic attributable to its capital advance of US$23,133,308 is US$9,012,207 (Schedule B: Compensation Calculation, Geovic Advances 1995-2006) which represents the accrued amount of annual interest attributable to Geovic capital advances up through December 31st, 2006.