Pro Rata Calculation definition

Pro Rata Calculation means a pro rata application of Sections 2.1, 2.2, and 2.3 of the Bonus Arrangement, 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 Arrangement may not provide for such pro rata application. In addition, Executive shall be entitled to the vesting benefits set forth in any performance stock award agreement or other equity award agreement whether now in existence or entered into during the term of this Agreement.
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Pro Rata Calculation means a pro rata application of Section 6 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.
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Pro Rata Calculation means a pro rata application of Sections 6.1, 6.2 and 6.3 of the Stock Loan Agreement as described in EXHIBIT C 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 Stock Loan Agreement do not provide for such pro rata application.
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Examples of Pro Rata Calculation in a sentence

  • D.4.1 We will pay You a $2,500 Scholarship Allowance for each month during the Scholarship Term in which You are entitled to payment under this item D.4. Where Your entitlement to the Scholarship Allowance is only for part of a month (for any reason), the Scholarship Allowance will be reduced using the Pro Rata Calculation and paid in accordance with item D.4.4.


More Definitions of Pro Rata Calculation

Pro Rata Calculation dictates that each Series 2011 Local Unit Project tendered shall offset the past due Company Payment Obligations (including the Deferred Company Payment Obligations) in proportion to the percentage of the total Series 2011 Local Unit Projects (in kW) the respective Series 2011 Local Unit represents. By way of example, if the Series 2011 Local Unit Project tendered is 100 kW in capacity, and all the constructed Series 2011 Local Unit Projects, in the aggregate, are 1 MW in capacity, then the tendering of the applicable Series 2011 Local Unit Project shall offset 10% of the Company Payment Obligations (including the Deferred Company Payment Obligations) as of that date. However, the Authority shall not direct the Company to tender its interests in any Series 2011 Local Unit Project, if such transfer of interest would constitute a Tax Benefit Recapture Event. For avoidance of doubt, nothing herein is intended to forgive any Basic Lease Payments or Additional Lease Payments which would be owed by the Company under the Prior Program Documents, nor does this provision limit other remedies available to the Authority under the Program Documents, including, but not limited to, the acceleration of debt. Furthermore, nothing in this Consent No. 3 is intended to extend the scope of persons or entities responsible for payment of the Company Payment Obligations beyond those so responsible under the Prior Program Documents and the County Parties hereby agree not to seek recourse against any person or entity other than the Company for any unpaid Company Payment Obligations (including Deferred Company Payment Obligations).
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Pro Rata Calculation means: (number of days You are entitled to receive the Monthly Stipend) x (Monthly Stipend x 12 ÷ 365.25)
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Pro Rata Calculation is defined in Section 3.6(b).
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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.

  • 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;

  • 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 interest calculation period set out or referred to in item 5(d) of 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).

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • 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 $500,000,000 as amended or modified in accordance with Appendix E.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.