Common use of Application of Pro Rata Clause in Contracts

Application of Pro Rata. Any pro rata amount to be paid under Section 5.00 [a] will be calculated as provided in the program through which the payment is due or [b] if the payment obligation arises solely under this Agreement, will be based on the number of days between the first day of the fiscal year during which the Executive terminates employment and the date that the Executive terminates employment divided by the number of days in the fiscal year during which the Executive terminates employment. [3] Payment of Bonus (or pro rata share of any Bonus). Any Bonus (or pro rata portion thereof) payable pursuant to this Section 5.00 will be paid in accordance with the terms of the applicable bonus plan, but in no event later than the fifteenth day of the third month following the later of: [a] the end of the calendar year during which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable; or [b] the end of the Company’s fiscal year in which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable.

Application of Pro Rata. Any pro rata amount to be paid under Section 5.00 [a] will be calculated as provided in the program through which the payment is due or [b] if the payment obligation arises solely under this Agreement, will be based on the number of days between the first day of the fiscal year during which the Executive terminates employment and the date that the Executive terminates employment divided by the number of days in the fiscal year during which the Executive terminates employment. [3] Payment of Bonus (or pro rata share of any Bonus). Any Bonus (or pro rata portion thereof) payable pursuant to this Section 5.00 will be paid in accordance with the terms of the applicable bonus plan, but in no event later than the fifteenth day of the third month following the later of: [a] the end of the calendar year during which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable; or [b] the end of the Company’s 's fiscal year in which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable.

Application of Pro Rata. Any pro rata amount to be paid under Section 5.00 [a] will be calculated as provided in the program through which the payment is due or [b] if the payment obligation arises solely under this Agreement, will be based on the number of days between the first day of the fiscal year during which the Executive terminates employment and the date that the Executive terminates employment employment, divided by the number of days in the fiscal year during which the Executive terminates employment. [3] Payment of Bonus (or pro rata share of any Bonus). Any Bonus (or pro rata portion thereof) payable pursuant to this Section 5.00 will be paid in accordance with the terms of the applicable bonus plan, but in no event later than the fifteenth day of the third month following the later of: [a] the end of the calendar year during which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable; or [b] the end of the Company’s fiscal year in which the Executive died, became Disabled or was involuntary terminated without Cause, as applicable.