Proration Percentage definition

Proration Percentage means, for any year, with respect to a Party, a fraction expressed as a percentage, the numerator of which is such Party’s Projected Cycle Time for such year and the denominator of which is the aggregate Projected Cycle Time of both Parties for such year.

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Proration Percentage shall be equal to the result (expressed as a decimal) obtained by dividing (x) the number of Stock Electing Shares (as defined in the Merger Agreement as in effect as of February 21, 2005) converted in the Merger into the right to receive WPP ADSs or WPP Ordinary Shares, divided by (y) the total number of Stock Electing Shares; provided, that the Proration Percentage shall not be less than 0.5 nor more than 1.00 and if the total number of Stock Electing Shares is 0 then the Proration Percentage shall be 1.00.

Proration Percentage means with respect to April 15, 25%; June 15, 50%; September 15, 75%; and December 15, 100%.

Examples of Proration Percentage in a sentence

FY 2006 $22,500,000 $2,000,000 $350,000 x The number of shares of Parent Common Stock Proration equal to $7,500,000 multiplied by the Proration Percentage Percentage and divided by the greater of (a) Twenty Day VWAP as of the Trading Day immediately preceding the date of the audit opinion for the Starsys Financial Statements for FY 2006, and (b) $2.50 per share (subject to Capitalization Adjustments, if any).
FY 2007 $24,000,000 $2,500,000 $350,000 x The number of shares of Parent Common Stock equal Proration to $7,500,000 multiplied by the Proration Percentage Percentage and divided by the greater of (a) Twenty Day VWAP as of the Trading Day immediately preceding the date of the audit opinion for the Starsys Financial Statements for FY 2007, and (b) $3.00 per share (subject to Capitalization Adjustments, if any).
Lessee's share of Operating Expenses shall be computed by multiplying the amount of the Operating Expenses by Lessee's Proration Percentage.
This insurance is paid by SASSMM for all regular employees at their Employee Proration Percentage rate.
As promptly as practicable after the Effective Time, WPP shall give written notice (the "MERGER CONSIDERATION NOTICE") to the Trustee and make a public announcement setting forth the Effective Time, the Proration Percentage, the Cash Conversion Amount and the Stock Conversion Amount.
All Regular Employees may carry over their Employee Proration Percentage of a maximum of four hundred eighty (480) hours to the following year.
Employees may carry over a maximum of their Employee Proration Percentage of eighty (80) hours.
The annual vacation benefit is earned throughout the year beginning with the date of employment and is accrued based on the Employee’s current Proration Percentage.
If that option is chosen, the Employee Proration Percentage will be applied to 50% of the monthly premium of SASSMM’s existing plan and that amount will be paid to the eligible employee.
Lessee’s share of Operating Expenses shall be computed by multiplying the amount of the Operating Expenses by Lessee’s Proration Percentage.

More Definitions of Proration Percentage

Proration Percentage means, for the Applicable Period, the fraction, expressed as a percentage, the numerator of which is the Aggregate Gross Cash Flow in excess of $1,995,800,000, and the denominator of which is $73,300,000.

Proration Percentage means, as of any date of determination thereof, the ratio of (i) total statutory-based reserves held by Ceding Company in respect of the SHIP Health Insurance Policies, net of reinsurance ceded under Other Reinsurance Agreements, over (ii) total statutory-based reserves held by Ceding Company in respect of all insurance liabilities assumed by Ceding Company under the SHIP Assignment Agreement, net of reinsurance ceded under third party reinsurance other than reinsurance ceded under this Agreement.

Proration Percentage means with respect to April 15, 25%; June 15, 50%; September 15, 75%; and December 15, 100% (adjusted to the corresponding dates in the event the fiscal year of Tality is not the calendar year).

Proration Percentage means, as of any date within the Refund Period, the following quantity, expressed as a percentage: (a) one (1); minus

Proration Percentage means with respect to: (a) any April 15, 25%; (b) any June 15, 50%; (c) any September 15, 75%; and (d) any December 15, 100%. In the event that, from and after the date hereof, PSP directly or indirectly sells, transfers, assigns or otherwise disposes (by operation of law, merger or otherwise) its right to designate any director of Holdco, as a condition to any such transaction and prior to or simultaneously with the effectiveness thereof, each transferee or successor to such designation right shall have agreed in writing to be bound by, and to assume PSP’s obligations under, the provisions of this Section 3.7 (which written agreement shall promptly be delivered by PSP or such transferee or successor to each other party to this Agreement).

Proration Percentage means, with respect to any Performance Period, a percentage equal to: [ 60% (EBITDA Ratio for such Performance Period - 0.8) x 5 ] + [ 40% (Net Revenues Ratio for such Performance Period - 0.8 ) x 5 ] .