Pro Rata Factor definition
Pro Rata Factor means a fraction, the numerator of which is the number of days that you have completed as a Service Provider during the period commencing on the date of grant of the Performance Stock Units and ending on the date that is the earliest of your death or the Shortened Performance Attainment Date (as defined below), and the denominator of which is the number of total days contained in the period commencing on the date of grant of the Performance Stock Units and ending on the last day of the corresponding Scoring Window.
Pro Rata Factor means (i) for the Determination Year in which a Covered Termination occurs, a fraction the numerator of which is equal to the number of calendar months which have elapsed from the first day of the calendar month following the Covered Termination through December 31st of the Determination Year, and the denominator of which is twelve, and (ii) for any subsequent Determination Year, a fraction the numerator of which is equal to the Severance Pay Factor, reduced by the number of calendar months that have elapsed from the first day of the calendar month following the Covered Termination through December 31st of the year preceding the Determination Year, and the denominator of which is twelve; provided, however, that the Pro Rata Factor shall never be greater than 1.0.
Pro Rata Factor means, (i) with respect to RSUs, (x) if the Termination Date is after the Vesting Date that falls in the calendar year in which the Termination Date occurs (the “Termination Year”), the factor that is calculated by dividing the number of months of Employment during the Termination Year (rounded up to the nearest whole number) by 12 and (y) if the Termination Date is on or prior to the Vesting Date falling in the Termination Year, the factor that is calculated by dividing (A) the sum of 12 and the number of months of Employment during the Termination Year (rounded up to the nearest whole number) by (B) 12 and (ii) with respect to PSUs, the factor that is calculated by dividing the number of months of Employment during the Performance Period (rounded up to the nearest whole number) by the total number of months in the Performance Period.
More Definitions of Pro Rata Factor
Pro Rata Factor means the factor that is calculated by dividing the period of Employment during the Performance Period in terms of months by the total Performance Period, also in terms of months, rounded up to the nearest whole number.
Pro Rata Factor means, (i) with respect to RSUs, (x) if the Termination Date falls in the calendar year of the Grant Date the factor that is calculated by dividing the number of months of Employment in the calendar year of the Termination Date (rounded up to the nearest whole number) by 12, (y) if the Termination Date is on or prior to a Vesting Date falling in the calendar year in which the Termination Date occurs, the factor that is calculated by dividing (A) Twelve plus the number of months of Employment in the calendar year that includes the Termination Date (rounded up to the nearest whole number) by (B) 12, and (z) if the Termination Date is after the Vesting Date that falls in the calendar year in which the Termination Date occurs, the factor that is calculated by dividing the number of months of Employment in the calendar year that includes the Termination Date (rounded up to the nearest whole number) by 12; and (ii) with respect to PSUs, the factor that is calculated by dividing the number of months of Employment during the Performance Period (rounded up to the nearest whole number) by the total number of months in the Performance Period.
Pro Rata Factor means (I) for the Determination Year in which a Covered Termination occurs, a fraction the numerator of which is equal to the number of
Pro Rata Factor means the fraction, the numerator of which is the shortfall in the amount paid by JCP&L under the Amended and Restated Power Purchase Agreement for the applicable period and the denominator of which is the amount properly invoiced by NJEA under such agreement for the applicable period.
Pro Rata Factor has the meaning set forth in Section 3.2(b). "PSEG" means Public Service Electric and Gas Company, a New Jersey corporation, and its successors and assigns. "PSEG Amendment" means that Amendment to Gas Purchase and Sales Agreement between PSE&G and NJEA dated as of August 20, 2003, amending that Gas Purchase and Sales Agreement dated as of May 4, 1989. "Required Levels" has the meaning set forth in Section 3.2(c). "Restructuring Effective Date" shall mean the later of: the "Effective Date" under and as defined in the Amended and Restated Power Purchase Agreement and the "Effective Date" under and as defined in the PSEG Amendment. "Second Component" means $188,679 per month. "Termination Date" has the meaning set forth in Section 3.1. "Utilities Agreement" means the Utilities Agreement dated as of June 16, 2000 by and between Green Tree and the Aqualon Company, a division of Hercules. 2.
Pro Rata Factor means the factor that is calculated by dividing the period of Employment from the immediately preceding Vesting Date (in terms of months, rounded up to the nearest whole number) by twelve.
Pro Rata Factor as of any date means the fraction reflecting (a) the aggregate outstanding principal amount of the AEGON Loan then beneficially owned by AEGON (excluding any such principal amount to which AEGON has granted a participation interest to any Person that is not an affiliate of AEGON) divided by (b) $275,000,000. Prior to any Assignment or any repayment of principal with respect to the AEGON Loan, the Pro Rata Factor shall be 1.00. For purposes of the definition of "Pro Rata Factor," the Intercreditor Agreement dated as of November 3, 2004 among Purchaser, Transamerica Accounts Holding Corporation, as agent, and the other parties thereto shall be deemed not to constitute an assignment or the granting of any participation interest in the AEGON Loan to any Person.