Is this how the Mixed Member Proportional system of elections work?

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Like that used in Germany for instance, Is this the way that Mixed member PR works:

Each voter gets 2 votes : 1 for the candidate and 1 for the party

Seats are distributed to the parties whcih obtained more than 5% in the 2nd vote, proportionally according to the number of votes obtained
Then, after the party knows its number of seats, it distributes them to the candidates from the regions according to the party list determined by the 1st vote

Is this correct??
 
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