PR definition

PR has the meaning set forth in Section 7.4(a).
PR is the number of payroll periods that occur during a year under the Company's and the Bank's normal payroll practices; "I" equals the applicable federal short term rate established under section 1274 of the Internal Revenue Code of 1986 (the "Code") for the month in which the Executive's termination of employment occurs (the "Short Term AFR") and "n" equals the product of the Remaining Unexpired Employment Period at the Executive's termination of employment (expressed in years and fractions of years) multiplied by the number of payroll periods that occur during a year under the Company's and the Bank's normal payroll practices. The Salary Severance Payment shall be made within five (5) business days after the Executive's termination of employment and shall be in lieu of any claim to a continuation of base salary which the Executive might otherwise have and in lieu of cash severance benefits under any severance benefits program which may be in effect for officers or employees of the Bank or the Company.

Examples of PR in a sentence

  • If no work has been performed in any month, the Consultant shall still submit a zero ($0.00) PR indicating that no work has been performed for that month.

  • The PR shall be formatted to permit comparison of actual to proposed costs and shall be submitted with the required information and supporting documentation based on the Contract compensation type.

  • A monthly summary of costs billed by category or subcategory shall be included with the monthly PR submitted.

  • Repeated violation of the requirement to submit timely PR in accordance with the terms of this Contract shall result in sanctions including and up to liquidated damages, Contract termination and removal of the offending party or disqualification of the offending Consultant or Subconsultant from participation in future ADOT projects.

  • The Consultant shall report its monthly costs on the Payment Report (PR) form provided by ECS.


More Definitions of PR

PR means private funding sources;
PR means production royalty, a form of royalty based on metal produced, often at a predetermined fixed price.
PR means Pricing Request.
PR means 37%, being the premium, expressed as a percentage, retained at the moment the terms of the Bonds become definitive, which represents the Par Value as compared to the reference price of the Unibail-Rodamco Share;
PR means 1.00.
PR means partial remission;