We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Prorated Amount Clause in Contracts

Prorated Amount. An employee covered by this Agreement who is on the payroll as of April 1 of the Payment Year and who attains their third anniversary of employment during the Payment Year is eligible to receive a prorated portion of the annual clothing and equipment allowance. The prorated amount shall be calculated based on the number of months in the period from such anniversary date through December 31 of the Payment Year divided by 12.

Appears in 4 contracts

Samples: Labor Agreement, Labor Agreement, Labor Agreement