Pro Rata Basis. For purposes of this Agreement, vesting on a “Pro-Rata Basis” shall mean vesting in an amount equal to a fraction not to exceed one (1), the numerator of which is the number of days the Executive was employed by the Company from the grant date for such award to the Termination Date, and the denominator of which is the number of total days from the grant date to the date that otherwise would have resulted in full vesting of the award.
Appears in 4 contracts
Samples: Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust)
Pro Rata Basis. For purposes of this AgreementSection 4.2, vesting on a “the Pro-Rata Basis” Basis of vesting shall mean vesting in an amount equal to a fraction not to exceed one (1), the numerator of which is the number of days the Executive was employed by the Company from the grant date for such award to the Termination Date, date of termination and the denominator of which is the number of total days from the grant date to the date that otherwise would have resulted in full vesting of the award.
Appears in 1 contract
Pro Rata Basis. For purposes of this AgreementSection 4.2, vesting on a “the Pro-Rata Basis” Basis of vesting shall mean vesting in an amount equal to a fraction not to exceed one (1), the numerator of which is the number of days the Executive was employed by the Company from the grant date for such award to the Termination Date, date of termination and the denominator of which is the total number of total for days from the grant date to until the date that otherwise would have resulted in full vesting of the awardaward would have been achieved.
Appears in 1 contract