Partial Month Compensation Sample Clauses
The Partial Month Compensation clause defines how payment is calculated when services or employment do not cover a full calendar month. Typically, this clause specifies that compensation for any partial month will be prorated based on the number of days worked or services rendered relative to the total days in that month. For example, if an employee starts or ends their employment mid-month, their salary for that month will be adjusted accordingly. This clause ensures fairness and clarity in payment calculations, preventing disputes over compensation for incomplete months.
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Partial Month Compensation. If this Agreement becomes effective subsequent to the first day of the month or terminates before the last day of the month, the Administrator's compensation for that part of the month in which this Agreement is in effect will be prorated in a manner consistent with the calculation of the fees as set forth in Subsection 4.a. above.