Incomplete Months Sample Clauses
The 'Incomplete Months' clause defines how payments, benefits, or obligations are calculated when a contract period does not cover a full calendar month. Typically, this clause stipulates that amounts due for partial months are prorated based on the number of days services were provided or obligations were met within that month. For example, if an employee starts or leaves partway through a month, their salary for that month would be adjusted proportionally. This clause ensures fairness and clarity in financial arrangements by providing a standardized method for handling partial periods, thereby preventing disputes over payment calculations.
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Incomplete Months. (a) Calculation of any Unitary Charge payable where Services commence or expire or terminate (as appropriate) during a Month (for example where the Service Commencement Date for a Project Facility is not the first day of a Month, or where the Termination Date or Expiry Date for any Project Facility does not occur on the final day of any Month) will be effected in accordance with paragraph 2.3 (Calculation of the Monthly Unitary Charge) of Part II (The Unitary Charge) of Schedule 15 (Payment Mechanism).
Incomplete Months. (a) Where the Service Commencement Date is not the first day of a calendar month the Unitary Charge for the period between the Service Commencement Date and the end of the month in which the Service Commencement Date falls will be equal to the Unitary Charge pro- rated according to the number of days in that month falling on or after the Service Commencement Date.
(b) Where the Termination Date or Expiry Date does not occur on the final day of any month, the Unitary Charge for the period between the first day of the month in which the date of Termination or Expiry will be equal to the Unitary Charge pro-rated according to the number of days in that month occurring before the Termination or Expiry of the Term.
Incomplete Months. If the Commencement Date is not the first day of a calendar month, or if the date of expiry of the Term is not the last day of a calendar month, then the Basic Rent for the first or last month of the Term, as the case may be, will be appropriately adjusted on a per diem basis, based upon a period of three hundred and sixty-five (365) days, and the Subtenant shall pay upon the Commencement Date or upon the first day of the month in which the expiry of the Term occurs, as the case may be, the portion of the Basic Rent so adjusted from such date until the end of the month in which the Commencement Date occurs or until the date of expiry of the Term, as the case may be.