Prorated definition
Prorated means the allocation of items of expense or income between Buyer and Seller based upon that percentage of the time period as to which such item of expense or income relates which has expired as of the date at which the proration is to be made.
Prorated means the determination of the amount of an Award for partial participation in a particular Eligible Position, which amount is determined according to the nearest whole number of months in which a Participant was employed in the relevant Eligible Position(s) during the Performance Period for which the Award is made.
Prorated means, as applied to any number or percentage, to multiply such number or percentage by a fraction, the numerator of which is the number of days elapsed in the applicable Financial Year (whether from the date of the Closing to the end of the Financial Year, as in the case of the Financial Year in which the Closing occurs, or from the first day of the Financial Year to the date of determination) and the denominator of which is 365;
Examples of Prorated in a sentence
Prorated copayments for a shorter supply period may apply for network pharmacy only.
Prorated copayments for a shorter supply periodmay apply for network pharmacy only.
Prorated by multiplying $20 by the number of months remaining in your term commitment.
Prorated tuition refund will be calculated based on the published weekly rates.
The Unpaid Annual Bonus shall be paid on the date bonuses are paid to other executives during the fiscal year of Executive’s termination and the Prorated Bonus shall be paid on the date bonuses are paid to other executives of the Company in the year following the fiscal year of Executive’s termination.
More Definitions of Prorated
Prorated. If an ESP works part-time or does not work a full contract year, benefits are prorated based on their contract percentage as compared to the full-time ESP position. Please see your school’s Principal’s Administrative Assistant for your exact paid leave and professional development amounts.
Prorated means an adjustment to an amount where, in respect of a calendar year, the amount is reduced to be a proportion equal to N/12 of the amount where “N” = the number of months remaining in such calendar year including the month in which the proration is calculated, unless expressly indicated otherwise;
Prorated means, with respect to any number, the product of the number multiplied by a fraction, the numerator of which is the number of days worked by such Executive during the applicable calendar year and the denominator of which is 365.
Prorated means multiplying by a fraction, sometimes referred to as the “proration factor,” not to exceed 1 and determined as follows. Where the Agreement specifies “prorating” or “prorating by quarters,” the proration factor is the fraction equal to (a) the number of full quarters in the applicable overall Performance Period, (b) divided by eleven, which is the number of quarters in the full 2- 3/4 year period from April 1, 2010 through December 31, 2012.
Prorated means an allocation on a straight line basis based on a number of days. All present value analyses shall use a 12% annual discount rate, compounded monthly.
Prorated means the product of Executive’s Bonus determined for the calendar year of Executive’s termination multiplied by a fraction, the numerator of which shall be the number of days Executive shall have been employed by OUTFRONT in such year and the denominator of which shall be 365 (or 366 if a leap year). If at any time prior to Executive’s date of termination Executive’s Target has been reduced in violation of the terms of this Agreement, then Executive’s Prorated Bonus for the year in which Executive’s employment terminates shall be determined on the basis of the highest Target Bonus during the Term.
Prorated under Sections 4.2 and 6.1 shall mean the number of months a Participant participates in a Plan Cycle, rounded to the nearest month, divided by thirty-six, multiplied by the Awards under Sections 5.2 and 5.3, if any, or Section 7, if applicable.