Pro Rata Calculations Clause Samples
The Pro Rata Calculations clause defines how amounts, rights, or obligations are to be distributed proportionally among parties based on their respective shares or interests. In practice, this means that if a payment, allocation, or liability must be divided, each party receives or is responsible for a portion that corresponds to their percentage ownership or participation. For example, if three investors own 40%, 35%, and 25% of a company, any distributions or obligations would be split according to those percentages. This clause ensures fairness and accuracy in dividing financial or other interests, preventing disputes over unequal or arbitrary allocations.
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Pro Rata Calculations. For the purposes of this Article 6 (except Section 6.2(b)), all calculations of the Annual Bonus on a pro rata basis shall mean that the Annual Bonus shall be based on the bonus that would have been payable for the entire calendar year multiplied by a fraction, the numerator of which is the number of days from January 1 in such year through the date of the termination of this Agreement and the denominator of which is 365.
Pro Rata Calculations. (a) If a tariff applying to you changes during a billing cycle, we may calculate your next bill on a proportionate basis or as otherwise provided for in the energy laws.
(b) We may also calculate your bills on a proportionate basis in other appropriate circumstances, such as where supply starts or ends during a billing cycle.
Pro Rata Calculations. The pro rata portion shall be calculated as the following percentage: The number of days an Executive was employed by Crown and/or its affiliates commencing with the date of this Agreement divided by the total number of days, commencing with the date hereof and concluding with the scheduled vesting date as set forth in Section 2(a) or 2(b), as applicable.
Pro Rata Calculations. The determination of any pro rata amounts of Loans, Commitments, or other obligations hereunder shall be based on Dollar amounts calculated in accordance with clause (a) above as of the date of determination.
Pro Rata Calculations. The specified wages and pays shall be payable on a pro-rata basis in accordance with the pay cycles established by the County and using existing County conversion calculations.
Pro Rata Calculations. The specified wages and pays shall be payable on a pro-rata basis in accordance with the pay cycles established by the CITY and using existing CITY conversion calculations.
Pro Rata Calculations. Each Settlement Class Member who repaid the principal amount borrowed and is in Tier 1 or Tier 2, shall be entitled to a Cash Award based on a pro rata calculation. After calculation, Cash Awards shall be rounded down to the nearest cent. Cash Awards will be paid to Tier 1 or Tier 2 Settlement Class Members only if their calculated Cash Award is equal to or greater than two dollars ($2.00).
Pro Rata Calculations. Employees will be entitled to a proportion of the total payment that correspond to their hours paid during the month and including the hours missed from work for up to 4 days for any leave of absence without pay.