Common use of Pro-Ration Clause in Contracts

Pro-Ration. Anything to the contrary in this Agreement notwithstanding, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Dominos Pizza Inc), Employment Agreement (Dominos Inc)

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Pro-Ration. Anything to the contrary in this Agreement ---------- notwithstanding, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Dominos Inc), Employment Agreement (Dominos Inc)

Pro-Ration. (i) Anything to the contrary in this Agreement notwithstanding, and except as provided in (ii) below, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.

Appears in 1 contract

Samples: Employment Agreement (Dominos Pizza Inc)

Pro-Ration. Anything to the contrary in this Agreement notwithstanding, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.”

Appears in 1 contract

Samples: Employment Agreement (Dominos Pizza Inc)

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Pro-Ration. Anything to the contrary in this Agreement notwithstanding, whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.

Appears in 1 contract

Samples: Employment Agreement (Dominos Inc)

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