Common use of Pro-Rated Clause in Contracts

Pro-Rated. Pro-rated" shall mean the amount of time from the date of the beginning of EMPLOYEE's employment through December 31st. For illustration purposes, an EMPLOYEE who begins their employment on May 1st would have earned ten days of Personal Leave (i.e., 15 Personal Leave Days divided by 12 months = 1.25 days of Personal Leave per month X 8 months (May 1 thru December 31) = ten days). If, however, the EMPLOYEE begins their employment on September 1st, the EMPLOYEE would have earned five days of Personal Leave (i.e., 15 Personal Leave Days divided by 12 months = 1.25 days of Personal Leave per month X 4 months (September thru December) = five days).