FTE Calculation Clause Samples

The FTE Calculation clause defines how Full-Time Equivalent (FTE) employees are measured and quantified for the purposes of the agreement. Typically, this involves specifying the number of hours that constitute one FTE, such as 40 hours per week, and outlining how part-time or variable-hour employees are aggregated to determine the total FTE count. This clause ensures a standardized method for calculating workforce resources, which is essential for determining staffing levels, billing, or compliance with contractual obligations.
FTE Calculation. All hours worked over contract will be considered when calculating the Full Time Equivalency (FTE) for purposes of the amount the District pays for insurance. Insurance will be based on the new school year contract hours plus the actual hours worked over contract for the previous school year. New contract drivers will have their FTE based on the bus routes they are assigned for the first year. In future years it will be based on contract hours plus the previous years’ “over contract hours.” Insurance benefits will be allocated according to the employee’s original guaranteed actual hours for the fiscal year and will not be adjusted if their hours are changed during the year.
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FTE Calculation. The full-time equivalent (FTE) for any permanent part-time employee, including those with alternative schedules, will be calculated by dividing the annually scheduled hour by 2080.
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FTE Calculation. 1. Secondary staff FTE as used in the collective bargaining agreement will be calculated as described in this section K. This calculation is intended to simplify the process for calculating partial FTE, both less than 1.0 FTE as well as more than
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FTE Calculation. The Parties agree that the FTE Rate will be calculated in accordance with Section 1.39 as revised herein with respect to all Development Costs incurred on or after [ * ].
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FTE Calculation. (i) The FTE of an occasional teacher will be calculated as a fraction of days available for work divided by 194. (ii) For occasional teachers with partial contract positions the occasional teacher FTE will be one (1) minus the FTE of the contract position).
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FTE Calculation. Beginning with the 2007-2008 school year, for teachers in grades 6–12, each class/assignment will be counted as 1/6 of an F.T.
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Related to FTE Calculation

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Pro Forma Calculations Notwithstanding anything to the contrary herein (subject to Section 1.02(i)), the Consolidated Cash Interest Expense, Consolidated Interest Expense, the Consolidated First Lien Net Leverage Ratio, the Consolidated Total Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio, Consolidated EBITDA, Consolidated Net Income, Four Quarter Consolidated EBITDA, Consolidated Total Assets and Consolidated Net Tangible Assets shall be calculated (including, in each case, for purposes of Sections 2.14 and 2.15) on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable four quarter period to which such calculation relates, and/or subsequent to the end of such four-quarter period (including, with respect to any proposed Investment or acquisition pursuant to Rule 2.7 of The City Code on Takeovers and Mergers (or a similar arrangement) for which committed financing is obtained or is sought to be obtained, the relevant determination or calculation may be made with respect to an event occurring or intended to occur subsequent to such four-quarter period); provided that notwithstanding the foregoing, when calculating the Consolidated First Lien Net Leverage Ratio for purposes of (i) determining the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b), (ii) the Applicable Rate, (iii) the Applicable Commitment Fee and (iv) determining actual compliance (and not Pro Forma Compliance or compliance on a Pro Forma Basis) with the Financial Covenant, any Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and corresponding provisions of the definition of Consolidated EBITDA) that occurred subsequent to the end of the applicable four quarter period shall not be given Pro Forma Effect.

  • Calculations All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.