I just read the announcement again.
@Shadowfae is correct in saying there is a base rate. If you clear the 300,000 EP hurdle, you will get base rate + 6%. If you have an alpha slayer (rare or higher), you will get some additional percentage as well. The second phase alpha slayers have a slightly higher boost.
There is still some base encounter rate, but meeting the EP hurdle will INCREASE it by 6%. My Alpha SR will give me +3%. So my total SEG rate will be base rate +9%.
This is further backed up by reading the event tab, which says it will increase the rate.
That said, the event tab says that SECs will increase EP. To an extent, this is true, but not directly. The rate is still the same. 33.3333 HP for one EP (assuming you dealt the most damage and finish it). But the difference is, you can kill them faster. Considering I nearly doubled my base SED from EG 4 and lucked out and got an alpha slayer, I can practically do a weak seduction that is as powerful as my full seductions from the last event. Girls that took 60-120 minutes are wiped out in 15-30 minutes, and I'm currently taking down girls that would have been out of my range last event in 30-45 minutes. So indirectly, I am getting SIGNIFICANTLY more EP, but it is by being able to take down more girls faster, not by getting any multiplier on the EP drops.













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