Partial Year; Proration Sample Clauses

Partial Year; Proration. Any payments or benefits payable to the Executive hereunder in respect of any fiscal year of the Company during which the Executive is employed for less than the entire fiscal year shall, unless otherwise provided in the applicable benefit plan, be prorated in accordance with the number of days in such fiscal year during which the Executive is so employed.
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Partial Year; Proration. During the last year of the Term, Tenant’s responsibility for Tenant’s Share of Operating Costs shall be adjusted in the proportion that the number of days of that calendar year during which the Lease is in effect bears to 365. Tenant’s obligations under this Article 4 for the payment of Tenant’s Share of Operating Costs during the Term, including the payment of any deficiency following receipt of the annual statement under Section 4.6, shall survive the expiration or termination of this Lease.
Sample 1
Partial Year; Proration. During the first and last years of the Term, Tenants responsibility for Operating Costs shall be adjusted in the proportion that the number of days of that calendar year during which the Lease is in effect bears to 365. Tenant's obligations under this Article 6 for the payment of Operating Costs during the Lease Term, including the payment of any deficiency following receipt of the annual statement under Section 6.3, shall survive the expiration or termination of this Lease.
Sample 1
Partial Year; Proration. Any compensation amounts to which Executive may become entitled, pursuant to Subsections 3.1, 3.2, and 3.3 (b) above, for any fiscal year that does not occur entirely within the Term (including any renewals, extensions or substitutions thereof), shall be equitably prorated or otherwise equitably adjusted to reflect the compensation amounts that are reasonably attributable to the Executive’s actual period of employment under this Agreement during such fiscal year.
Sample 1
Partial Year; Proration. During the first and last years of the Term, Tenant’s responsibility for Common Area Charges, Utility Costs, Taxes and Insurance Premiums shall be adjusted in the proportion that the number of days of that calendar year during which this Lease is in effect bears to three hundred sixty (360). Tenant’s obligations under this Article 28 for the payment of Common Area Charges, Utility Costs, Taxes and Insurance Premiums during the Lease Term, including the payment of any deficiency following receipt of the annual statement under Section 28.2, shall survive the expiration or termination of this Lease.
Sample 1

Related to Partial Year; Proration

  • Tax Year The Partnership’s tax year will end on , 20 .

  • PRORATION PERIOD The Tenant: (check one)

  • Vacation Earnings for Partial Years (1) During the first partial year of service a new employee will earn vacation at the rate of three and two-thirds (32/3) days for each month for which the employee earns ten (10) days pay. (2) Subject to Clause 17.8, any unused vacation earned during the first (1st) partial year will be paid to the employee at December 31st of that year. (b) During the first (1st) and subsequent vacation years an employee will earn one-twelfth (1/12) of the annual entitlement for each month in which the employee has received at least ten (10) days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • Base Year The period beginning on 1 April of one year and ending on 31 March of the following year.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

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