Common use of Proration of Benefits Clause in Contracts

Proration of Benefits. Any payments or benefits hereunder, in any year during which Executive is employed by the Corporation for less than the entire year shall, unless otherwise provided in the applicable plan or arrangement, be prorated in accordance with the number of days in such year during which Executive is employed by the Corporation.

Appears in 11 contracts

Samples: Employment Agreement (Nanopierce Technologies Inc), Employment Agreement (Nanopierce Technologies Inc), Employment Agreement (Nanopierce Technologies Inc)

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Proration of Benefits. Any payments or benefits hereunder, in any year during which Executive is employed by the Corporation Company for less than the entire year shall, unless otherwise provided in the applicable plan or arrangement, be prorated in accordance with the number of days in such year during which Executive is employed by the CorporationCompany.

Appears in 1 contract

Samples: Employment Agreement (Intercell International Corp)

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Proration of Benefits. Any payments or benefits hereunder, in any year during which the Executive is employed by the Corporation Company for less than the entire year shall, unless otherwise provided in the applicable plan or arrangement, be prorated in accordance with the number of days in such year during which the Executive is employed by the CorporationCompany.

Appears in 1 contract

Samples: Employment Agreement (Stuart Entertainment Inc)

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