Pro Rata Portion Sample Clauses

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 termPro-Rata Portion” shall have the meaning ascribed to it in Section 7.1.
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. For purposes of this Section 2, each purchasing Shareholder's pro rata portion of the Company Securities is that proportion of the Company Securities as the number of Common Stock Equivalents then held by such purchasing Shareholder bears to the total number of outstanding Common Stock Equivalents.
Pro Rata Portion. “Pro Rata Portion” means a ratio equal to (x) the sum of the number of shares of the Company’s Common Stock held by an Investor immediately prior to the issuance of New Securities, assuming full exercise and/or conversion of the Shares and all Company securities exercisable and/or convertible into the Company’s Common Stock then held by such Investor, bears to (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, without giving effect to any limitation on the rights of any Investor to convert Shares into shares of Common Stock set forth in Section 7(a) of the Statement of Designations.
Pro Rata Portion. To the extent that more than one Offeree shall have elected to purchase Offered Shares pursuant to Section 3.2(c), each such Offeree may purchase up to its pro rata portion of such Offered Shares as determined in accordance with this Section 3.2(d). Each Offeree's pro rata portion of the Offered Shares is that proportion of the Offered Shares as the number of Shares held by such Offeree bears to the aggregate number of Shares held by such Offeree and all other Offerees who have exercised their rights of first refusal under this Section 3.2. If the Offerees shall not have offered to purchase all the Offered Shares, the Company may elect to redeem or purchase any remaining Offered Shares by written notice to the Selling Shareholder and the Offerees within ten (10) days after the expiration of the 30-day period set forth in Section 3.2(c).
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.
Pro Rata Portion. Pro Rata Portion means with reference to any Holder at any time, a fraction, the numerator of which is the total number of shares of common stock held by such Holder and the denominator of which is the total number of shares of common stock held by all stockholders participating as sellers in such transaction, adjusted, in the case of the Exchange Common Stock for the applicable Exchange Ratio initially used to exchange such stock.
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 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.