Monthly Proration Sample Clauses

Monthly Proration. The Partnership shall use the "interim-closing-of-the-books" method and the monthly convention. A Partner entering the Partnership during the first 15 days of a month shall be treated as entering the Partnership on the first day of the month in which it is admitted as a Partner. A Partner entering after the fifteenth day of a month shall be treated as entering the Partnership on the first day of the following month. Each Partner entering or withdrawing from the Partnership shall be allocated its share of Net Income and Net Losses, commencing or terminating with the month in which the Partner is treated as having entered or withdrawn from the Partnership.

Monthly Proration. 13 7.7 Audit.................................................... 14 7.8 Continuation............................................. 14 7.9

Monthly Proration. Prorated payments on a monthly basis with one-half (1/2) or more of a month being considered as an entire month, shall be made to those employees who retire under the University retirement plan prior to their anniversary date. This also applies to those employees not under the retirement plan, but who are sixty-five (65) years of age at the time of their separation. In case of death, longevity payments shall be made to the dependent. Such prorated payments as indicated above shall be based on the number of calendar months of full-time service credited to an employee from the preceding anniversary date to the date of retirement, separation, or death, and shall be made as soon as practicable thereafter.