PRU definition

PRU means production reporting unit, and for purposes of this rule is either an individual producing zone or approved commingled producing zones within a well.

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PRU means the “Integrated Prudential Sourcebook” that forms part of the rules of the FSA relating to the regulation of insurers and their groups and any equivalent rules or regulatory provisions from time to time replacing it or the rules therein.

PRU means the Integrated Prudential Sourcebook forming part of the FSA’s handbook of rules and guidance (as amended) or its successor publication from time to time;

Examples of PRU in a sentence

The resulting amount will be credited towards the Conditional PRU Award and adjusted by the TSR modifier.
For each year or part of a year that the Recipient is in the Continuous Service with the Company and its Related Entities during the Performance Period, the amount credited towards the Conditional PRU Award will be determined by multiplying the amount otherwise credited at the end of the applicable year by a fraction equal to the number of whole months elapsed between the beginning of such year and the Recipient’s Retirement, divided by 12.
The annual performance criteria associated with the PRU Award will be established by the Committee.
The annual financial performance goals associated with this PRU Award will be communicated by the Company annually via Committee-supplied supplements to this Agreement.
If the Shares covered by this Agreement exceed, as of the date the PRU is granted, the number of shares of Common Stock which may without stockholder approval be issued under the Plan, then the Award shall be void with respect to those excess Shares, unless stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained in accordance with the provisions of the Plan.
If the Recipient’s Continuous Service is terminated due to “Retirement,” the Recipient shall be eligible to receive a pro rata amount of the PRU Award (if any) payable after the end of the Performance Period as described in Section 4 above.
The amount of the PRU Award will range from 0% to 240% of the Target Amount as determined after the end of the Performance Period based upon the Company’s performance against the annual financial performance goals and three-year TSR as reviewed and approved by the Committee.
If the Recipient’s Continuous Service is terminated due to Disability, the Recipient (or a legally designated guardian or representative if the Recipient is legally incompetent) shall be eligible to receive a pro rata amount of the PRU Award (if any) payable after the end of the Performance Period as described in Section 4 above.
Following the completion of the Performance Period, the Conditional PRU Award will be adjusted by the TSR modifier as set forth in this Section 3(b) (the “TSR modifier”).
Each PRU will be equal in value to one Share of the Company’s Common Stock.

More Definitions of PRU

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PRU means a pupil referral unit – that is, a school which meets the requirements set out in section 19(2B) of the Education Act 1996.