Prorated Percentage definition

Prorated Percentage is a number, expressed as a percentage, equal to the quotient of (i) the number of completed months from July 1, 20[XX] until the date of the Participant’s termination of employment, divided by (ii) 36.
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Prorated Percentage means the product of (A) the percentage of the shares covered by the Base Option that would have vested had the Optionee remained employed through December 31 of the year in which Termination of Service occurs, and (B) a fraction, the numerator of which is the number of full months of employment or service of the Optionee during the period beginning on the December 31st immediately prior to the Termination of Services and ending on the date of Termination of Services and the denominator of which is twelve (12). Except as set forth in this Section 3.1(d) or as otherwise determined by the Committee, no portion of the Option which is unexercisable at Termination of Services for any reason shall thereafter become exercisable.
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Prorated Percentage means the sum of (i) (A) the Pre-Termination Performance Percentage multiplied by (B) the Pre-Termination Proration Factor, plus (ii)(A) 100% multiplied by (B) the Post-Termination Proration Factor.
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Examples of Prorated Percentage in a sentence

  • In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.

  • If a Unit is scheduled for a Planned Outage for the applicable Showing Month, the Unit Contract Quantity for the Unit shall be reduced by the product of (i) the unavailable capacity and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.

  • In such an event, the portion of the Flexible RA Quantity representing Flexible RA Attributes for such Unit shall be reduced by the product of (i) the difference in the Unit EFC as specified in Appendix A and the then current Unit EFC and (ii) the applicable Prorated Percentage of Unit Flexible Factor for such Unit.

  • Completed Years of Service:At least Prorated Percentage For purposes of this Section 2(c)(iv), years of service with the Company (or its Affiliates) does not include tenure at any organization acquired by the Company (or its Affiliates) prior to the closing date of such acquisition.

  • The Prorated Percentage for each Account is equal to a numerator consisting of 10% of the “Amount Financed” on the RISC plus the “Finance Charge” on the RISC and a denominator consisting of 10% of the aggregate “Amount Financed” plus the aggregate “Finance Charge” for the Class.

  • If any portion of the Designated RA Capacity of any Unit providing a Contingent Firm RA Product is not available after the Confirmation Effective Date for reasons other than a Non-Excusable Event, the Unit Contract Quantity shall be adjusted to the product of the Unit's (a) RA Capacity following adjustment, and (b) Prorated Percentage of Unit Factor, provided that the resulting Unit Contract Quantity shall not exceed the original Unit Contract Quantity on the Confirmation Effective Date.

  • If any portion of the Unit Contract Quantity of any Unit providing a Contingent Firm RA Product is not available after the Confirmation Effective Date for reasons other than a Non-Excusable Event, the Unit Contract Quantity shall be adjusted to the product of the Unit's (a) RA Capacity following adjustment, and (b) Prorated Percentage of Unit Factor, provided that the resulting Unit Contract Quantity shall not exceed the original Unit Contract Quantity on the Confirmation Effective Date.

  • Subject to the remainder of this Agreement (unless the context otherwise requires), if the Grantee’s Employment ceases by reason of death or Disability (as defined below) prior to the final day of the Performance Period, then the RSUs shall vest on the termination date and Grantee (or Grantee’s beneficiaries) shall be entitled to receive in respect thereof Shares equal to the Prorated Percentage (as defined below) of the Target Award.

  • The installment payments in respect to Formula Period 4, shall be calculated on the same basis as Formula Period 1, except that the Prorated Percentage shall be equal to a fraction the numerator of which will be the number of days in Formula Period 4 and the denominator of which shall be equal to 365.

  • If your Termination of Employment occurs one or more years after the Grant Date and prior to the Regular Vesting Date and is due to your Retirement, then a Prorated Percentage of the Cash Bonus (as determined pursuant to Paragraph 3(a)) will automatically become vested on your Termination of Employment, subject to your compliance with the Noncompetition Restriction and the Nonsolicitation Restriction set forth below, but will not become payable prior to the Regular Vesting Date.

Related to Prorated Percentage

  • Vested Percentage means the sum of the following percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8% multiplied by the number of Years you have been designated a participant in the Plan; provided, however, (w) prior to completing five Years of Service the Vested Percentage is 0,(x) on or prior to your fiftieth birthday your Vested Percentage may not exceed 50%, (y) on or prior to each of your birthdays following your fiftieth birthday your Vested Percentage may not exceed the sum of 50% plus the product obtained by multiplying 5% by the number of birthdays that have occurred following your fiftieth birthday, and (z) your Vested Percentage in no event may exceed 100%.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • Invested Percentage means, with respect to any Series of Notes, the percentage specified in the applicable Series Supplement.

  • Retained Percentage means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.