Rounding Convention Sample Clauses
A Rounding Convention clause establishes the rules for how numerical values are rounded within a contract or agreement. It specifies the method to be used—such as rounding up, down, or to the nearest whole number—and may define the decimal place to which figures should be rounded, for example, to the nearest cent or dollar. This clause ensures consistency and clarity in financial calculations, preventing disputes over minor discrepancies that can arise from different rounding methods.
POPULAR SAMPLE Copied 4 times
Rounding Convention. When a formula, entry on Schedule 1 or other requirement in this SPA results in a reference to a fractional share of Company common stock, the reference will be deemed rounded to the nearest whole share.
Rounding Convention. Rounding convention is the mathematical expression of numeric information used throughout the sales incentive compensation program. The rounding convention used expresses numbers to the nearest tenth of one percent (e.g. xxx.x%).
Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to a percentage will be rounded to the nearest ten thousandth of a percentage point and test calculations that evaluate to a number or decimal will be rounded to the nearest one hundredth of a percentage point.
Rounding Convention. If a calculation performed hereunder yields a fractional number of shares of Stock, such result shall be rounded to the nearest whole share.
Rounding Convention. In measuring the actual performance of Administrator against the Performance Standards, the percentages used to define its performance will be rounded to the nearest whole percentage with those percentages ending in .5 and above being rounded up to the nearest whole percentage and all percentages ending in .4 and below being rounded down to the nearest whole percentage (i.e., 94.5% = 95%, 95.4% = 95%, 98.55% = 99%). Notwithstanding the foregoing, 100% means all, not just 99.5% or more.
Rounding Convention. The amount of Eligible Collateral that is required to be delivered or maintained pursuant to Paragraph 3 of this Credit Support Annex shall be rounded upwards to the next integer multiple of the Minimum Transfer Amount and the amount of Eligible Collateral that is required to be returned pursuant to ______________ shall be rounded downwards to the next $_________________.