Partial-year definition

Partial-year means regularly scheduled work of less than 12 months/year.

Partial-year means any period beginning on the first day of any Lease Year and ending, by reason of the expiration or termination of this Lease, prior to the end of such Lease Year.

Partial-year means that portion of a Year that occurs during the Term in the case of the Year in which the Commencement Date occurs and the Year in which the expiration or termination of this Lease occurs.

Examples of Partial-year in a sentence

• Partial Year Participants may be eligible to earn a pro rata award.

• For purposes of this Agreement, a Partial Year Bonus is payable to the Executive for the year of the Executive’s employment termination in the event the Company performance criteria for payment of an Annual Cash Incentive are achieved as of the close of the year at the level required for a payout at the target level or above.

• Should any such Partial Year Bonus become payable under this Agreement, payment shall be made to the Executive at the same time as payment is made to all other participants under the Annual Cash Incentive compensation program following the close of the year.

• Any such Partial Year Bonus shall equal the Executive’s target Annual Cash Incentive compensation multiplied by a fraction the numerator of which is the number of days the Executive was employed by the Company in the year of termination and the denominator of which is the total number of days in the year of termination.

• For purposes of this Agreement, a Partial Year Bonus is an amount equal to the target Annual Cash Incentive compensation that would have become payable to Executive for that year multiplied by a fraction the numerator of which is the number of days Executive was employed in the year of termination and the denominator of which is the total number of days in the year of termination.

• In the event Executive’s employment terminates for any reason set forth in Section 5.1 through 5.4, Executive will be entitled to the benefit of any terms of plans or agreements applicable to Executive which are more favorable than those specified in this Section 5 (except without duplication of payments or benefits, including in the case of any cash bonus payment under Section 3.2 for the year of termination in lieu of which a Partial Year Bonus is paid hereunder).

• Partial Year: New officers appointed to an executive officer position during the first three quarters of the year will participate in the Program, but their incentive payment will be prorated based upon their time in the position.

• Any such Partial Year Bonus shall equal the Executive’s target Annual Cash Incentive compensation multiplied by a fraction of the numerator of which is the number of days the Executive was employed by the Company in the year of termination and the denominator of which is the total number of days in the year of termination.

• Should any such Partial Year Bonus become payable under this Agreement, payment shall be made to the Executive at the same time as payment is made to all other participants under the Annual Cash incentive compensation program following the close of the year.

• Notwithstanding Section 4.2, except the last sentence thereof, if an Employee becomes an FBU Participant or a CSR Participant after the first day of a Plan Year, the minimum FBU Deferral Amount or the minimum CSR Deferral Amount, as applicable, is $2,000, in any combination of whole percentages of Base Salary or draw payments and commissions earned in the Plan Year, multiplied by the Partial Year Fraction.

More Definitions of Partial-year

Partial-year employment means:

Partial-year means, for each Baseline Component System, the period between the Commencement Date and the first day of the initial Contract Year for that Baseline Component System.

Partial-year shall have the meaning set forth in Section 5(e)(ii).

Partial-year. If the Commencement Date, or the date on which the Term ends, occurs on a date other than the first or last day of a Comparison Year or Tax Comparison Year, Tenant's Share of Applicable Taxes and Tenant's Share of Operating Expenses for such Tax Comparison Year or Comparison Year shall, as appropriate, be prorated according to the ratio that the number of days during that Comparison Year or Tax Comparison Year, as applicable, bears to 365.

Partial-year. “Partial Year” means the period beginning with the Commencement Date and ending the succeeding December 31st or in the alternative, the period beginning with the first day of January in the final year of the Term (or any renewal year thereof) and ending on the last day of the Term.