Prorated Amount definition
Prorated Amount of the award means an amount equal to the portion of the award which bears the same ratio to the amount of the award as the portion of such Performance Period expired immediately before the Termination Date bears to the entire period of such Performance Period. The amount to which Executive is entitled under this Section 4(c) shall be paid in the form of a single lump sum cash payment on the later of the Commencement Date or the date that is 2-1/2 months following the end of the Performance Period.
Prorated Amount has the meaning specified therefor in Section 4(c).
Prorated Amount means (a) with respect to any Prorated Item that is a Prepayment, the amount allocable to the period on or after the Closing Date that was paid by Seller prior to the Closing Date, and (b) with respect to any other Prorated Item, the amount (expressed as a negative number) allocable to the period prior to the Closing Date, whether or not then due and payable, which was not paid by Seller prior to the Closing Date and which represents an Assumed Liability (excluding, for the avoidance of doubt, any amount paid by Seller after the Closing Date directly to the applicable Third Party), in each case, prorated in accordance with the methodology specified in Section 2.7.
Examples of Prorated Amount in a sentence
Subject to Section 5(f), any payout of the Stock Award, including if the payment is equal to the Prorated Amount (as defined in Section 5(g)), shall occur as soon as practicable (and in all events within 74 days) after the end of the Performance Period.
More Definitions of Prorated Amount
Prorated Amount means a number equal to the total number of outstanding Restricted Incentive Units granted hereunder multiplied by a fraction (i) the numerator of which is the number of days that elapse from the Vesting Commencement Date to, as applicable, the date of a Qualifying Termination or the date of an Early Retirement or an Intermediate Retirement, and (ii) the denominator of which is the total number of days beginning on the Vesting Commencement Date and ending at the [third] anniversary of such date.
Prorated Amount means a number equal to the total number of Certified RIUs multiplied by a fraction (i) the numerator of which is the number of days that elapse from the commencement of the Cumulative Performance Period to, as applicable, the date of a Qualifying Termination or the date of an Early Retirement or an Intermediate Retirement, and (ii) the denominator of which is the total number of days in the Cumulative Performance Period.
Prorated Amount means a number equal to the total number of outstanding Restricted Incentive Units granted hereunder multiplied by a fraction (i) the numerator of which is the number of days that elapse from the commencement of the Performance Period to the date of the Qualifying Termination and (ii) the denominator of which is the full number of days of the Performance Period.
Prorated Amount has the meaning specified in Section 3(c).
Prorated Amount has the meaning in Section 5.6(a) of the Agreement.
Prorated Amount means a number equal to the total number of outstanding Restricted Incentive Units granted hereunder multiplied by a fraction (i) the numerator of which is the number of days that elapse from the Vesting Commencement Date to the date of the Qualifying Termination and (ii) the denominator of which is the full number of days beginning on the Vesting Commencement Date and ending at [·].
Prorated Amount means a number equal to the total number of Certified RIUs multiplied by a fraction (i) the numerator of which is the number of days that elapse from the commencement of the applicable Performance Period to, as applicable, the date of a Qualifying Termination or the date of Retirement (it being understood that once the numerator equals or exceeds the number of days in the applicable Performance Period, the Certified RIUs for such Performance Period shall be considered to have been fully earned and there shall not be any increase to such Certified RIUs and (ii) if the numerator is zero, because the date of the Qualifying Termination or Retirement is prior to the initial date of the applicable Performance Period, no Certified RIUs for such Performance Period shall be earned), and (ii) the denominator of which is the total number of days in the applicable Performance Period; provided, however, that for the Cumulative Performance Period, such proration calculation shall be done on a year-by-year basis (but shall reflect the Cumulative Performance Period attainment).