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 “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. 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. “Pro Rata Portion” means, for any KKR Holder, a ratio equal to (x) the sum of the number of shares of the Company’s Common Stock held by such KKR Holder immediately prior to the issuance of New Securities, assuming full exercise of the Warrants and all Company securities exercisable and/or convertible into the Company’s Common Stock then held by such KKR Holder, over (y) the sum of the total number of shares of the Company’s Common Stock then outstanding, assuming full exercise and/or conversion of all Company securities exercisable and/or convertible into the Company’s Common Stock then outstanding.
Pro Rata Portion. For purposes of this Section 2, each purchasing Investor's pro rata portion of the Company Shares is that proportion of the Company Shares as the number of Shares then held by such purchasing Investor bears to the total number of Common Stock Equivalents then outstanding.
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
Pro Rata Portion. For purposes of this Section 3, “Pro Rata Portion” shall mean, a portion of such Stockholder’s Capital Stock equal to the product of (i) all of the Stockholder’s Capital Stock multiplied by (ii) a fraction whose numerator is the total amount of Capital Stock being Transferred by the Genstar Parties in such Genstar Approved Sale and whose denominator is the total amount of Capital Stock then held (prior to giving effect to such Genstar Approved Sale) by the Genstar Parties.
Pro Rata Portion. The Offered Shares shall first be allocated to the Offerees. If the Offerees shall not have offered to purchase all the Offered Shares, the Company may elect to purchase any remaining Offered Shares. To the extent that more than one Offeree shall have elected to purchase Offered Shares pursuant to Section 1.3.3, each such Offeree may purchase up to its pro rata portion of such Offered Shares as determined in accordance with this Section 1.3.4. Each Offeree's pro rata portion of the Offered Shares is that proportion of the Offered Shares as the number of shares of voting capital stock of the Company held by such Offeree bears to the aggregate number of shares of voting capital stock of the Company held by such Offeree and all other Offerees who have exercised their rights of first refusal under this Section 1.3. 1.3.5