TRIAL EXPERIENCE REFUND Sample Clauses

TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the "Trial Experience Refund" for any Reinsurer shall be equal to (a) minus (b) minus (c), where: (a) equals the sum of: (i) the Reinsurance Premium determined in accordance with Article II; and (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer determined in accordance with Article IV; (b) equals the sum of: (i) the Indemnification for Benefit Payments, determined in accordance with Article V; (ii) the Allowance determined in accordance with Article III; and (iii) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company determined in accordance with Article IV; and (c) equals the Recapture Charge defined in Article IX, Paragraph 5 as of the end of the prior Accounting Period plus interest as described in Article IX, Paragraph 5(b)(i).
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TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the "Trial ----------------------- Experience Refund" will be equal to (a) minus (b), where: (a) equals the sum of: (i) the Reinsurance Premium determined in accordance with Article II; and (ii) the Funds Withheld Investment Credit as defined in Schedule C. (b) equals the sum of: (i) the Reimbursement for Benefit Payments, determined in accordance with Article V; (ii) the Allowance determined in accordance with Article III; (iii) the Risk and Profit Charge determined in Accordance with Article VI, Paragraph 1; and (iv) the GAAP Reserves (as defined in Schedule B) as of the end of the accounting period, minus the GAAP Reserves as of the end of the prior accounting period; (v) the balance of the Memorandum Account, as described in Article VIII, Paragraph 8, at the end of the preceding Accounting Period, with accrued interest thereon
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TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the "Trial Experience Refund" for any Reinsurer will be equal to (a) minus (b), where: (a) equals the sum of: (i) the Renewal Reinsurance Premium determined in accordance with Article II; and (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer determined in accordance with Article IV; and (b) equals the sum of: (i) the Reimbursement for Benefit Payments, determined in accordance with Article V; (ii) the Allowance determined in accordance with Article III; (iii) any Modified Coinsurance Reserve Adjustment payable to MetLife determined in accordance with Article IV; (iv) the Expense and Risk Charge determined in accordance with Paragraph 2 of the Reinsurer's Certificate; and (v) the balance of the Memorandum Account, as described in Article VII, Paragraph 9, at the end of the preceding Accounting Period, with accrued interest thereon.
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Related to TRIAL EXPERIENCE REFUND

  • Experience Credit a. For the purpose of this article, a teacher teaching on call (TTOC) shall be credited with one (1) day of experience for each full-time equivalent day worked. b. One hundred seventy (170) full-time equivalent days credited shall equal one (1) year of experience.

  • Experience Pay An employee hired by the Hospital with recent and related experience, may claim, at the time of hiring on a form supplied by the Hospital consideration for such experience. Any such claim shall be accompanied by verification of previously related experience. The Hospital shall then evaluate such experience during the probationary period. Where, in the Hospital's opinion such experience is relevant, the employee shall be slotted in that step of the wage progression consistent with one (1) year's service for every one (1) year of related experience in the classification on the completion of the employee's probationary period. It is understood and agreed that this shall not constitute a violation of the wage schedule of the Collective Agreement.

  • Related Experience Previous experience related to the duties associated with the position.

  • Years Experience Company years experience in this category? This is an evaluation criterion worth a maximum of 10 points. See RFP for more information. (If applicable, vendor should download the Reseller/Dealers spreadsheet from the Attachments section, fill out the f orm and submit the document in the ”Response Attachments” RESELLERS section. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME woul d list BIGmart as a reseller.

  • Investment Experience Holder understands that the purchase of this Warrant and its underlying securities involves substantial risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges that Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such knowledge and experience in financial or business matters that Holder is capable of evaluating the merits and risks of its investment in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling persons of a nature and duration that enables Holder to be aware of the character, business acumen and financial circumstances of such persons.