Pro Rata Portion. The Employer shall pay the Executive an amount equal to a pro-rata portion of the amount of the annual cash bonus that the Executive would have earned under the Employer’s annual incentive program in respect of the calendar year in which the Executive’s termination of employment occurred, based on the Employer’s achievement of the applicable criteria for such year. Such amount shall be pro-rated based on the period of time from January 1 of the calendar year in which the termination occurred to the date of actual termination of employment, notwithstanding any contrary term of the incentive program that would require the Executive to remain employed until the date of payment. This payment shall be made when the Employer makes its incentive payments to its active employees under and in accordance with the terms of the applicable annual incentive program.
Pro Rata Portion. The Employer shall pay the Executive an amount equal to a pro-rata portion of the amount of the annual cash bonus that the Executive would have earned under the Employer’s annual incentive program in respect of the calendar year in which the Executive’s termination of employment occurred, based on the Executive’s then current Target Bonus Percentage. Such amount shall be pro-rated based on the period of time from January 1 of the calendar year in which the termination occurred to the date of actual termination of employment, notwithstanding any contrary term of the incentive program that would require the Executive to remain employed until the date of payment. Such amount shall be paid as a lump-sum payment no later than sixty (60) days following the date of the Executive’s termination of employment.
Pro Rata Portion. The “Pro Rata Portion” for any Performance Year is calculated as follows: Pro Rata Portion = P x [M / 12] Where: P = Number of Performance Shares relating to such Performance Year; and M = Number of Months that the Participant was employed from the commencement of that Performance Year through the end of the month in which the Participant’s Termination Date occurred (but not more than 12). For purposes of the foregoing calculation, the number of months that the Participant was employed during a Performance Year shall be reduced by the number of months of any period of Disability during such Performance Year in excess of 26 weeks since the commencement of the Disability. In the case of a Disability extending longer than 26 weeks, the “Pro Rata Portion” for any Performance Year is calculated as follows: Where:
Pro Rata Portion. The number of shares SAP AG shall be entitled to purchase pursuant to the exercise of the Pro Rata Right shall be determined as follows.
Pro Rata Portion. Any Piggyback Registration shall include only such number of shares of Stock of each Piggyback Investor electing to include Stock in such offering as is not in excess of the product obtained by multiplying (i) the aggregate number of shares of Piggyback Stock described in the Registration Notice by (ii) a fraction, the numerator of which is the number of shares of Stock (on an as-converted basis after giving effect to the exercise or conversion, as applicable, of all Derivative Securities) at the time owned by such Piggyback Investor and the denominator of which is the total number of shares of Stock (on an as-converted basis after giving effect to the exercise or conversion, as applicable, of all Derivative Securities) owned by the Significant Holder and all Piggyback Investors. Notwithstanding the foregoing, in the event that the managing underwriter or underwriters shall advise the Company in writing that, in its or their opinion, the number of securities requested to be included in such registration exceeds the number which can be sold in such offering within a price range acceptable to the Company, the Company will reduce the proportionate number of shares of Stock to be included in such offering by the Significant Holder and the Piggyback Investors on a pro rata basis to an amount acceptable to the managing underwriters or underwriters and the Company.
Pro Rata Portion. The term “Pro Rata Portion” shall mean, with respect to each Member, the Basic Fractional Interest multiplied by the number of units owned by such Member.
Pro Rata Portion. The number of Equity Securities the INVESTOR shall be offered and may purchase shall be determined by the following formula: Number of Equity Securities which the INVESTOR shall be offered and may purchase = (Number of Common Shares held by the INVESTOR on a Fully Converted Basis immediately prior to the Treasury Offer / Number of Common Shares held by all being offered shareholders of the Corporation on a Fully Converted Basis immediately prior to the Treasury Offer) X Total Number of Equity Securities being offered.
Pro Rata Portion. For purposes of this Agreement, "Pro Rata Portion", with respect to any Original Holder, shall mean that Original Holder's pro rata portion of the total number of Escrow Holdback Shares based on the total number of shares of Buyer Class A Common Stock issued to such Original Holder at the Effective Time pursuant to Sections 3.1 and 3.7 of the Merger Agreement and the total number of shares of Buyer Class A Common Stock issuable to all Original Holders at the Effective Time pursuant to Sections 3.1 and 3.7 of the Merger Agreement. ARTICLE II
Pro Rata Portion. As used in this Agreement, “Pro Rata Portion” means the number yielded by applying the following formula: The number of shares of Restricted Stock originally granted pursuant to this Agreement multiplied by a fraction, the numerator of which is the number of months (including any fractions of a month) Particiant was employed by the Company or its Affiliate after the Date of Grant and the denominator of which is the total number of months in the vesting period, minus the number of shares with respect to which all restrictions lapsed prior to the termination of Participant’s employment and rounded to the nearest whole number. Application of the formula to determine Pro Rata Portion is illustrated in the following hypothetical example: Participant receives a grant of 100 shares of Restricted Stock on March 1, 2022. Participant’s first vesting occurs on May 15, 2023, and 34 shares vest. On Sept 15, 2023, eighteen and one-half months after the Date of Xxxxx, Participant elects to retire. The retirement qualifies under subsection 2.d.(iv), below, and, thus, the restrictions on a Pro Rata Portion of the individual’s unvested shares lapse. The Pro Rata Portion is: (100 [shares granted] x 18.5/38.5) – 34 [shares vested before retirement] = 14
