Common use of Worked Examples Clause in Contracts

Worked Examples. A GP with a weighted panel size of 1,200 currently employing a nurse, with 4 or more years’ experience, working 35 hours per week on a salary of €52,000 would receive a subsidy refund of €27,822.72 under the existing system. Under the new system the GP would be reimbursed as follows: Refundable Salary Amount: €52,000 PRSI 11.05%: €5,746 Total Refundable Amount: €57,546 Subsidy Ceiling Amount: €43,309.50 (75% of Total Refundable Amount) Claimable Subsidy Amount: 1,200/1,200 * €43,309.50= €43,309.50