Pro Rata Calculation definition

Pro Rata Calculation means a pro rata application of Sections 2.1, 2.2, and 2.3 of each of the Bonus Arrangements as described in Exhibit B to --------- this Agreement, taking into consideration the number of full months worked and the Company's performance data through the last quarter having ended 45 days or more prior to the termination date, not withstanding the fact that such sections of the Bonus Arrangements may not provide for such pro rata application.
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Pro Rata Calculation means a pro rata application of Sections 6.1, 6.2, and 6.3 of each of the Loan Agreements as described in Exhibit B to this Agreement, taking into consideration the --------- number of full months worked and the Company's performance data through the last quarter having ended 45 days or more prior to the termination date, not withstanding the fact that such sections of the Loan Agreements may not provide for such pro rata application.
Sample 1
Pro Rata Calculation means a pro rata application of Sections 6.1, 6.2, and 6.3 of the Loan Agreement as described in EXHIBIT B to this Agreement, taking into consideration the number of full months worked and the Company's performance data through the last quarter having ended 45 days or more prior to the termination date, not withstanding the fact that such sections of the Loan Agreement do not provide for such pro rata application.
Sample 1

Examples of Pro Rata Calculation in a sentence

  • Further, the outstanding principal balance on the Fifty Thousand Dollar Loan shall be reduced to zero and the outstanding balance on the Stock Loan shall be reduced by the Pro Rata Calculation.

  • Pro Rata Calculation is deleted and replaced by the following.A. Pro Rata CalculationCompute return premium pro rata and round to the next higher whole dollar when a policy is cancelled.

  • In the case of termination based upon death or Disability, the Bonus Amount (as such term is defined in the Bonus Arrangement, dated January 24, 2002, between the Company and Executive (the “Bonus Arrangement”)) shall be earned in such amount as determined by the Pro Rata Calculation (in which case, the Company may delay the due date to complete the Pro Rata Calculation).

  • Further, the outstanding principal balance on the One Hundred Thousand Dollar Note shall be reduced to zero and the outstanding balance on the Stock Loan shall be reduced by the Pro Rata Calculation.

  • Executive shall receive bonus(es) under Executive’s long-term Bonus Arrangement(s) using the formulae set forth in the long-term Bonus Arrangements, subject to the Pro Rata Calculation as set forth in Section 8 of Executive’s Employment Agreement dated January 24, 2001, and Exhibit B thereto, as if Executive’s employment had continued through December 31, 2006, and based on financial data to date through the end of the quarter immediately preceding Executive’s termination.

  • Following consummation of the Transaction, the Target Stockholders, in accordance with the Pro Rata Calculation, shall be entitled to receive additional shares of Purchaser Common Stock (“Earn-Out Securities”), as set forth in Schedule II, based on Transaction Surviving Corporation’s gross revenue for the fiscal year ended December 31, 2015.

  • Cavallo, ’Incidental Transactions Excluded from the VAT Pro Rata Calculation: The ECJ and the Italian Supreme Court Interpretations’, International VAT Monitor, vol.

  • The amount payable under the Loan Agreements shall be reduced by the Pro Rata Calculation, with the balance of the Loans, and all accrued interest, due and payable immediately.

  • For the purposes of this Agreement, "Pro Rata Calculation" shall mean a pro rata application of Sections 2.1, 2.2, and 2.3 of each of the Bonus Arrangements as described in Schedule 3.3 to this Agreement, taking into consideration the number of full months worked and the Company's performance data through the last quarter having ended 45 days or more prior to the termination date, notwithstanding the fact that such sections of the Bonus Arrangements may not provide for such pro rata application.

  • At delivery, the BUYER shall have the right to assign this Contract to a third party nominee for delivery and final delivery payment purposes, provided the BUYER shall remain responsible for the performance of such assignee.


More Definitions of Pro Rata Calculation

Pro Rata Calculation is defined in Section 3.6(b).
Sample 1

Related to Pro Rata Calculation

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Available Amount Reference Period means, with respect to any Reference Date, the period (taken as one accounting period) commencing on April 1, 2008 and ending on the last day of the most recent fiscal quarter or fiscal year, as applicable, for which financial statements required to be delivered pursuant to Section 6.01(a) or Section 6.01(b), and the related Compliance Certificate required to be delivered pursuant to Section 6.02(a), have been delivered to the Administrative Agent.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.