Pro Rata Portion. The Employer shall pay the Executive an amount equal to a pro-rata portion of the amount of the annual cash bonus that the Executive would have earned under the Employer’s annual incentive program in respect of the calendar year in which the Executive’s termination of employment occurred, based on the Employer’s achievement of the applicable criteria for such year. Such amount shall be pro-rated based on the period of time from January 1 of the calendar year in which the termination occurred to the date of actual termination of employment, notwithstanding any contrary term of the incentive program that would require the Executive to remain employed until the date of payment. This payment shall be made when the Employer makes its incentive payments to its active employees under and in accordance with the terms of the applicable annual incentive program.
Pro Rata Portion. The “Pro Rata Portion” for any Performance Year is calculated as follows: Pro Rata Portion = P x [M / 12] Where: P = Number of Performance Shares relating to such Performance Year; and M = Number of Months that the Participant was employed from the commencement of that Performance Year through the end of the month in which the Participant’s Termination Date occurred (but not more than 12). For purposes of the foregoing calculation, the number of months that the Participant was employed during a Performance Year shall be reduced by the number of months of any period of Disability during such Performance Year in excess of 26 weeks since the commencement of the Disability. In the case of a Disability extending longer than 26 weeks, the “Pro Rata Portion” for any Performance Year is calculated as follows: Where:
Pro Rata Portion. The number of shares SAP AG shall be entitled to purchase pursuant to the exercise of the Pro Rata Right shall be determined as follows.
Pro Rata Portion. The term “Pro Rata Portion” shall mean, with respect to each Member, the Basic Fractional Interest multiplied by the number of units owned by such Member.
Pro Rata Portion. The number of Equity Securities the INVESTOR shall be offered and may purchase shall be determined by the following formula: Number of Equity Securities which the INVESTOR shall be offered and may purchase = (Number of Common Shares held by the INVESTOR on a Fully Converted Basis immediately prior to the Treasury Offer / Number of Common Shares held by all being offered shareholders of the Corporation on a Fully Converted Basis immediately prior to the Treasury Offer) X Total Number of Equity Securities being offered.
Pro Rata Portion. As used in this Agreement, “Pro Rata Portion” means the number yielded by applying the following formula: The number of RSUs originally granted pursuant to this Agreement multiplied by a fraction, the numerator of which is the number of months (including any fractions of a month) Particiant was employed by the Company or its Affiliate after the Date of Grant and the denominator of which is the total number of months in the vesting period, minus the number of RSUs with respect to which all restrictions lapsed prior to the termination of Participant’s employment and rounded to the nearest whole number. Application of the formula to determine Pro Rata Portion is illustrated in the following hypothetical example: Participant receives a grant of 100 RSUs on March 1, 2022. Participant’s first vesting occurs on May 15, 2023, and 34 shares vest. On Sept 15, 2023, eighteen and one-half months after the Date of Xxxxx, Participant elects to retire. The retirement qualifies under subsection 2.d.(iv), below, and, thus, the restrictions on a Pro Rata Portion of the individual’s unvested RSUs lapse. The Pro Rata Portion is: (100 [shares granted] x 18.5/38.5) – 34 [shares vested before retirement] = 14
Pro Rata Portion. The Employer shall pay the Executive an amount equal to a pro-rata portion of the amount of the annual cash bonus that the Executive would have earned under the Employer’s annual incentive program in respect of the calendar year in which the Executive’s termination of employment occurred, based on the Executive’s then current Target Bonus Percentage. Such amount shall be pro-rated based on the period of time from January 1 of the calendar year in which the termination occurred to the date of actual termination of employment, notwithstanding any contrary term of the incentive program that would require the Executive to remain employed until the date of payment. Such amount shall be paid as a lump-sum payment no later than sixty (60) days following the date of the Executive’s termination of employment.
Pro Rata Portion. For purposes of this Section 3, “Pro Rata Portion” shall mean, a portion of such Stockholder’s Capital Stock equal to the product of (i) all of Stockholder’s Capital Stock multiplied by (ii) a fraction whose numerator is the total amount of Capital Stock being Transferred by the Genstar Parties in such Genstar Approved Sale and whose denominator is the total amount of Capital Stock then held (prior to giving effect to such Genstar Approved Sale) by the Genstar Parties.
Pro Rata Portion. Pro Rata Portion means with reference to any Holder at any time, a fraction, the numerator of which is the total number of shares of common stock held by such Holder and the denominator of which is the total number of shares of common stock held by all stockholders participating as sellers in such transaction, adjusted, in the case of the Exchange Common Stock for the applicable Exchange Ratio.
