Pro Ration Percentage definition

Pro Ration Percentage means the amount, expressed as a percentage, equal to the number of days in the then current fiscal year through the Date of Termination, divided by three hundred and sixty-five (365).
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Pro Ration Percentage means the amount, expressed as a percentage, equal to the number of days in the then current fiscal year through the date that Executive’s employment with the Company terminates, divided by 365.
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Pro Ration Percentage has the meaning set forth in Section 2.02(c)(i).
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Examples of Pro Ration Percentage in a sentence

  • If the Company is not a WKSI, the Shelf Notice shall specify the Sponsor Shelf Registration Amount and the Pro Ration Percentage.

  • In that example, the Pro Ration Percentage is 77.7% (18/25 plus 5/6) divided by 2 = (.72 plus .833) divided by 2.

  • Pro Ration Percentage means the percentage determined by adding the “service fraction” and the “age fraction” and dividing the sum by two.

  • Offset Amount.If the Participant Retired after satisfying the vesting requirements of Section 4.02 but before satisfying the vesting requirements of Section 4.01, such benefit shall be equal to the difference between (i) and (ii) below where(i) = One-half (1/2) of the product of the Pro Ration Percentage times the Participant’s Credited Compensation (determined as of his death) divided by twelve (12); and(ii) = Offset Amount.3.02.

  • Such benefit shall be equal to the difference between (i) and (ii) below where(i) = One-half (½) of the product of the Pro Ration Percentage times Participant’s Credited Compensation (determined as of his date of death) divided by twelve (12), and(ii) = Offset Amount.The preceding sentences to the contrary notwithstanding, no benefit shall be payable under this Section 3.02 unless Participant dies after attaining age fifty (50) but before satisfying the vesting requirements of Section 4.01 or 4.02.

  • In that example, the Pro Ration Percentage is 86.7% (5/6 plus 9/10) divided by 2 = (.833 plus .9) divided by 2)).

  • In that example, the Pro Ration Percentage is 77.7% (18/25 plus 5/6) divided by 2 = (.72 plus .833) divided by 2.1.29.

  • If a Participant Retires on or after satisfying the vesting requirements of Section 4.02 but before satisfying the vesting requirements of Section 4.01, the Normal Retirement Allowance is a monthly benefit which shall be equal to the difference between (i) and (ii) below where (i) = The product of the Pro Ration Percentage times the Participant’s Credited Compensation (determined as of his termination of employment with the Corporation and its Affiliates) divided by twelve (12); and (ii) = Offset Amount.


More Definitions of Pro Ration Percentage

Pro Ration Percentage means the amount, expressed as a percentage, equal to the number of days in the then-current fiscal year through the date that Executive’s employment with the Company terminates, divided by 365. 4.2.12. "Termination Bonus Amount" shall mean the greater of (i) Executive's highest Annual Incentive Bonus earned in the two most recent full fiscal years preceding the Date of Termination, or (ii) One Hundred Percent (100%) of Executive's Base Salary in effect as of the Date of Termination. 4.3.
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Pro Ration Percentage means, with respect to each Seller Owner, the percentage specified opposite such Seller Owner's name in Section 1.01(b) of the Company Disclosure Schedule.
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Pro Ration Percentage means the amount, expressed as a percentage, equal to the number of days in the then current fiscal year through the date that Executive's employment with the Company terminates, divided by 365.
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Related to Pro Ration Percentage

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction:

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.