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Computation
Computation contract clause examples

Succeeding eligibility computation periods shall coincide with the plan year, beginning with the first plan year that commences prior to the first anniversary of the employee's employment commencement date regardless of whether the employee is credited with the required number of hours of service during the initial eligibility computation period. An employee who is credited with the required number of hours of service in both the initial eligibility computation period and the first plan year that commences prior to the first anniversary of the employee's employment commencement date shall be credited with two years of service for purposes of eligibility to participate.

An Hour of Service shall be credited to an Employee for each hour for which an Employee is directly paid, or entitled to payment, by the Employer or an Affiliate for the performance of duties during the applicable computation period. Such hours shall be credited to the Employee for the computation period or periods in which the duties were performed.

Computation Period” means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

The term “including” is by way of example and not limitation, except when used in the computation of time periods.

The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share:

“11.13.6Minimum EBITDA. Not permit [[Identifier]] for any Computation Period referenced below to be less than the applicable amount set forth below:

If an Employee is absent from his employment with the Employer for any period because of # a pregnancy, # the birth of a child, # the placement of a child in connection with an adoption, or # the caring for a child during the period immediately following such birth or placement, such Employee will be credited with sufficient days of Service (not in excess of 91 days of Service in any Vesting Computation Period) so that a 1-Year Period of Severance does not occur in either the Vesting Computation Period in which such absence begins (if credit is required to preclude a 1-Year Period of Severance in such Vesting Computation Period) or in the immediately following Vesting Computation Period (if days of Service were not awarded in the preceding Vesting Computation Period). For purposes of computing days of Service credited under this paragraph, an Employee shall be credited with # days of Service that would otherwise be credited to such Employee without regard to the absence or # one day of Service for each day of the absence. The Plan Administrator, in its sole discretion, may require evidence that the absence is because of a reason enumerated in this paragraph and evidence as to the duration of the absence.

The last day of the vesting computation period in which the participant first incurs five consecutive one-year breaks in service, or

award or agreement pertains rather than the computation period in which the award, agreement or payment is made). The same Hours of

to employ such legal counsel, independent auditors and consultants as it deems desirable for the administration of this Plan and to rely upon any opinion or computation received therefrom;

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