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.
Examples of Prorated in a sentence
Year 6; Pro-rated such that, the Contractor shall be responsible for 75% of the repair/replacement costs.
Not every IRP member jurisdiction allows for the transfer ofregistration fees, therefore, the registrant will be billed a Prorated registration fee for those states.
Year 7 & 8; Pro-rated such that, the Contractor is responsible for 50% of the repair/replacement costs.
Year 9 & 10; Pro-rated such that, the Contractor is responsible for 25% of the replacement/repair costs.
Prorated if needed (and include a basis of computation for the proration).
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, 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;
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 proportionate to the amount of time worked or to be worked. For example, an Employee who is entitled to four weeks vacation per year but only works ¾ of the year, shall be entitled to three weeks.PagPage
Prorated means an allocation on a straight line basis based on a number of days. All present value analyses shall use a 18% annual discount rate, compounded monthly. Any delinquency charge, discount rate and/or interest rate set forth herein shall be charged or applied at the rate set forth herein or the maximum rate allowed by law, whichever is lower.