Pro Rata Ratio definition

Pro Rata Ratio means the number of full calendar months in which the Executive was employed during the Termination Year divided by 12.

Pro Rata Ratio with respect to any Investor, means the ratio of: (a) the total number of Ordinary Share Equivalents held by that Investor to (b) the total number of Ordinary Share Equivalents held by all Investors.

Pro Rata Ratio means a fraction, the numerator of which is 365 and the denominator of which is the number of days elapsed between the first day of the Performance Period in which Employee’s employment is terminated pursuant to Section 17 hereof and the Measuring Date.

Examples of Pro Rata Ratio in a sentence

• Each Eligible Stockholder shall be entitled to receive its pro rata share of the Aggregate Initial Distribution Date Amount with respect to each share of Company Capital Stock set forth with respect to such Eligible Stockholder on Exhibit A, determined by multiplying the Pro Rata Ratio for such share by the Aggregate Initial Distribution Date Amount.

• Course Total 25 Days Attended 5 Days Pro Rata Ratio (5/25 days) 20% Tuition, Fees, & Qualifying Costs** $2,500 Eligible Charges (2,500 * 20%) $500 If the student has completed 75% or more of the total number of days required, they will not be eligible for a refund and eligible charges will be retained at 100%.

• Such reimbursement by the Company and CytRx, collectively, shall be limited to $35,000 without prior written approval by the Company and, to the extent applicable, CytRx and shall be paid at the Closing from the gross proceeds of the Securities and CytRx Shares sold, according to the Pro Rata Ratio as applicable.

• The Pro Rata Ratio is applied to the total tuition, fees, and qualifying costs.

• Pro Rata Ratio, for purposes of this Agreement, is the ratio of (x) the total number of shares of Parent Common Stock otherwise payable as Merger Consideration to each shareholder pursuant to Section 1.8(a) and Section 1.11(b) to (y) the total number of shares of Parent Common Stock issued as Merger Consideration pursuant to this Agreement.

More Definitions of Pro Rata Ratio

Pro Rata Ratio means, with respect to each WCAS Securityholder, the ratio which the number of shares of Parent Series B Preferred Stock set forth next to such WCAS Securityholder's name on Annex I hereto bears to the sum of the number of shares of Parent Series B Preferred Stock set forth next to the names of all of the WCAS Securityholders on Annex I hereto.

Pro Rata Ratio means, at any given time, a fraction, (x) the numerator of which is the number of all ordinary shares of Lilium then outstanding (including all ordinary shares then issuable (directly or indirectly) upon conversion or exercise, as applicable, of the Convertible Securities then outstanding, assuming all Convertible Securities are immediately convertible or exercisable) that are held by the Investor or its Affiliates or Attribution Parties; and (y) the denominator of which is the number of all ordinary shares of Lilium then outstanding (including all ordinary shares then issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Convertible Securities then outstanding, assuming all Convertible Securities are immediately convertible or exercisable, but excluding any Palantir Securities). “Convertible Securities” shall mean any securities of Lilium that would entitle the holder thereof to acquire at any time ordinary shares of Lilium, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, ordinary shares of Lilium but shall exclude the warrants to purchase Class A Ordinary Shares at an exercise price of $11.50 per share that are listed on The Nasdaq Global Select Market under the symbol “LILMW.” “Palantir Securities” shall mean any ordinary shares or Convertible Securities of Lilium that are issued to Palantir Technologies Inc. or any of its affiliates (“Palantir”) on or after the date of the Warrant SPA in exchange for the cancellation or conversion of indebtedness or accounts payable due to Palantir, including certain fees payable to Palantir under commercial agreements between Lilium and Palantir.

Pro Rata Ratio means, as to each share of Series A Preferred Stock that is issued and outstanding, the quotient obtained by dividing (A) that number of shares of Common Stock into which each share of Series A Preferred Stock is then convertible pursuant to Section 7 hereof immediately prior to the conversion pursuant to Section 8(a) of Article IV by (B) all Common Stock Equivalents issued and outstanding (excluding “out-of-the-money” stock options) immediately prior to the IPO.

Pro Rata Ratio shall be calculated as follows: the number of days that have elapsed between the date hereof and the termination date, divided by 365.

Pro Rata Ratio with respect to any Investor or Yu Dong, means the ratio of: (a) the total number of Ordinary Share Equivalents held by that Investor or Yu Dong (both directly and indirectly through SkillGreat or other entity) to (b) the total number of Ordinary Share Equivalents held by all Investors and Yu Dong (both directly and indirectly through SkillGreat or other entity).

Pro Rata Ratio with respect to any Investor, means the ratio of: (a) the total number of shares of Common Stock Equivalent held by that Investor to (b) the total number of shares of Common Stock Equivalent held by all Investors.

Pro Rata Ratio means the ratio set forth on Exhibit A with respect to each share of Company Capital Stock, which shall be used to determine the pro rata share of the Aggregate Hold Back Amount to be delivered with respect each such share of Company Capital Stock in accordance with Article 7.