Common use of Application of Pro Rata Clause in Contracts

Application of Pro Rata. Whenever a pro rata share is required to be paid under this Section 5, it will be based on the number of days between the first day of the fiscal year during which Executive terminates employment and the date that Executive terminates employment divided by the number of days in the fiscal year during which the Executive terminates employment.

Appears in 2 contracts

Samples: Employment Agreement (Value City Department Stores Inc /Oh), Employment Agreement (Value City Department Stores Inc /Oh)

AutoNDA by SimpleDocs

Application of Pro Rata. Whenever a Except as provided in Section 3.02[1], any pro rata share is required to be paid under this Section 5, it 5.00 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.

Appears in 1 contract

Samples: Employment Agreement (Big Lots Inc)

AutoNDA by SimpleDocs

Application of Pro Rata. Whenever a pro rata share is required to be paid under this Section 5, it 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.

Appears in 1 contract

Samples: Employment Agreement (Retail Ventures Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!