Prorata Basis definition

Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time worked by full-time employees.

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Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time assigned in relation to a full time assignment.

Examples of Prorata Basis in a sentence

• Any withdrawal and associated charges will reduce the Highest Anniversary Value on a Pro-rata Basis at the time of the withdrawal.

• Any withdrawal and associated charges will reduce the Increase Value on a Pro-rata Basis at the time of the withdrawal.