REFUND CALCULATION Clause Samples

REFUND CALCULATION. This example is intended to illustrate the methodology for the calculation of a subsequent refund of a late payment. This example and the numbers used in this example are purely illustrative and are in no way intended to supersede any part of the Agreement, including Section 13.3.  Interest Rate = 12 percent per annum (compounded monthly) Invoice Amount $1,000 Date of Invoice June 1, 2023 Due Date June 15, 2023 Payment Date July 1, 2023 The total amount due on the date of payment is $1,005, which amount is computed by adding $1,000 (the original amount invoiced) and $5 (the ½ month late interest fee).

REFUND CALCULATION. A pro rata refund pursuant to section 94919(c) Or 94920(d) or 94927 of the Code shall be no less than the total amount owed by the student for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows: (1) The amount owed equal the daily charge for the program (total institutional charge, divided by the number of days or hours in the program) multiplied by the number of days the student attended, or was scheduled to attend, prior to withdrawal. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. Once the Student begins classes, the registration fee is non-refundable, and the following refund policy applies: a. During the first 10% of the period of financial obligation, the School shall refund at least 90% of tuition. b. After 10%, but within 20%, of the period of financial obligation, the School shall refund at least 80% of tuition. c. After 20%, but within 30%, of the period of financial obligation, the School shall refund at least 70% of tuition. d. After 30%, but within 40%, of the period of financial obligation, the School shall refund at least 60% of tuition. e. After 40%, but within 50%, of the period of financial obligation, the School shall refund at least 50% of tuition. f. After 50%, but within 60%, of the period of financial obligation, the School shall refund at least 40% of tuition. g. After 60% of the period of financial obligation, the School shall retain 100% of tuition.

REFUND CALCULATION. The Student’s start date through the last date of attendance will determine the percentage of program completion, and the applicable percentage will be applied to the formula used in the refund calculation as stated below. The percentage of program completion is calculated by dividing the number of days comprising the period of enrollment in which the Student has been charged into the number of days completed in that period as of the last recorded day of attendance by the Student. During Week 1 100% After Week 1 80% After Week 2 70% After Week 3 60% After Week 4 50% After Week 5 40% After Week 6 30% After Week 7 20% After Week 8 10% After Week 9 0%

REFUND CALCULATION. For the purpose of determining the amount of the refund, the date of the student’s withdrawal or being dismissed shall be deemed the last date of recorded attendance. The amount owed equals the hourly charge for the program (total institutional charge, minus non-refundable fees, divided by the number of hours in the program), multiplied by the number of hours scheduled to attend prior to withdrawal or being dismissed. If the student has completed more than 60% of the period of attendance for which the student was charged, the tuition is considered earned, and the student will receive no refund.

REFUND CALCULATION. If canceled by You, Your refund will be calculated as follows: (1) if Your Contract & cancellation notice are received within 30 days of the purchase date of this Contract, You will be refunded the full Contract price;

REFUND CALCULATION. The patient shall have the right to terminate a prepaid treatment plan at any point prior to 33 the stated expiration without incurring any financial penalty. The physician may charge the patient the full amount for 34 dispensed products that cannot be re-stocked, including opened nutritional supplements and used cervical pillows, 35 orthotic and neurological appliances appliances, and similar durable medical equipment. In all other respects, the 36 amount of the refund payable to the patient shall be calculated strictly pro-rata, based on the measure of duration 1 recited in the plan document (office visits or calendar days). No other method of refund calculation shall be permitted, 2 and any provision in the plan that specifies another method of calculation shall be void.

REFUND CALCULATION. (a) If the Resident terminates this agreement or vacates the unit on a permanent basis or both, refunds will be calculated in the following manner; • Up to one (1) year of occupancy: 95 percentage of Contract Purchase Price at time of termination and/or vacancy. • Between one-two (1-2) years of occupancy: 95 percentage - 90percentage of Contract Purchase Price at time of termination and/or vacancy, calculated monthly. • Between two-three (2-3) years of occupancy: 90 percentage - 85 percentage of Contract Purchase Price at time of termination and/or vacancy, calculated monthly. • Between three-four( 3-4) years of occupancy: 85 percentage - 80 percentage of Contract Purchase Price at time of termination and/or vacancy, calculated monthly. • Between four-five (4-5) years of occupancy: 80 percentage - 75 percentage of Contract Purchase Price at time of termination and/or vacancy, calculated monthly. • More than 5 years of occupancy: 75 percentage of Contract Purchase Price at time of termination and/or vacancy. (b) Calculated Monthly means the percentage of the refund is to be calculated by using the percentage in the range relevant to the number of years and months at the time of termination. For this calculation .42 percentage = 1 month of occupancy. (refer to Annexure B “Refund Calculation Table”) (c) The refund of the Contract Purchase Price shall be paid by the Kulin Retirement Homes no later than three (3) calendar months from termination date.

REFUND CALCULATION. 1. When We cancel within sixty (60) days of the purchase of this Contract, a full refund will be made to You by the Selling Dealer. 2. When a claim has been made against this Contract or if this Contract has been effective for more than sixty (60) days, the Selling Dealer will make a pro rata refund less a fifty dollar ($50) processing fee paid to Our Administrator. Such refund will be calculated based upon elapsed time from the Contract Sale Date. 3. Our Administrator, its agents and assigns, have no liability to You to make any refund payments.

REFUND CALCULATION i. The East Bay Paratransit Refund claim process will be available only to students who were paratransit-eligible during the applicable semester as determined by East Bay Paratransit. ii. For East Bay Paratransit-eligible students with claims who submit documentation of total payments to East Bay Paratransit during the applicable semester, the College District will refund an amount equal to the actual total documented amount of a student’s costs. iii. For East Bay Paratransit-eligible students with claims who do not submit documentation of East Bay Paratransit costs, the College District will refund $328 per academic semester. iv. All East Bay Paratransit Refund claim refunds will be paid to East Bay Paratransit-eligible students within 30 calendar days of the end of the claim period, and the East Bay Paratransit Refund Program will be closed.