Pro-Ration. In the event the Employment Period is terminated in the middle of any calendar month, the amount due for such month shall be pro-rated on a daily basis.
Pro-Ration. Anything to the contrary in this Agreement ---------- notwithstanding, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company.
Pro-Ration. If the Term shall commence on any day other than January 1 or expire or earlier terminate on any date other than December 31, Subtenant’s obligations under Section 3.3.1 for such first or last partial calendar year shall be prorated on the basis of (a) the number of days elapsed during such calendar year during which this Sublease is in effect bears to (b) 365. In the event that the Term shall expire or earlier terminate on any date other than December 31, for purposes of Section 3.3.1, Sublandlord may either reasonably project, as of the date of such expiration or termination, the Operating Expenses for such calendar year and xxxx Subtenant for Subtenant’s share thereof at any time thereafter or wait until receipt of Master Landlord’s calculation thereof for the entire calendar year in question and xxxx Subtenant for Subtenant’s share of Subtenant’s share thereof at any time thereafter; provided, however, if Sublandlord reasonably projects the amount of such Operating Expenses, Sublandlord shall reconcile such projection with the actual Operating Expenses due following the receipt of the actual annual statement of Operating Expenses for such calendar year and shall follow the terms of Section 9.4(a) of the Original Master Lease with respect to the amounts owed or to be reimbursed. If the obligation to pay any component of Rent under this Sublease commences on a day other than the first day of a calendar month, or if the Term of this Sublease terminates on a day other than the last day of a calendar month, the Rent for such first or last month of the Term shall be prorated based on the number of days the Term of this Sublease is in effect during such month. If an increase in Rent becomes effective on a day other than the first day of a calendar month, the calculation of Rent for such month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Pro-Ration. All rent accrued on any of the Transferred Leases and any utility, real estate taxes or similar charge under the Transferred Leases relating to the period prior to the Closing Date will be the Liability of the Company. Any installment of rent due on any of the Transferred Leases and any utility, real estate taxes or similar charge payable that are paid in the month of the Closing for which the Company does not get credit as a prepaid expense in the calculation of Working Capital, in each case with respect to the period in which the Closing occurs shall be prorated between the parties hereto on the basis of the actual number of days applicable to pre-Closing and post-Closing occupancy or use.
Pro-Ration. All health insurance premium payments shall be pro-rated for those teachers who work less than full-time, equal to the percentage of time worked; except that those who work 80% time, or more, shall receive 100% of the respective premium payment. Teachers who receive 100% of the respective (non-prorated) premium payment by the Board per Article 13.1 shall be present for all professional development activities. All dental insurance premium payments shall be pro-rated for those teachers who work 50% or more. Employees who work less than 50% are not eligible for dental insurance at the expense of the District.
Pro-Ration. If the Commencement Date shall occur on other than the first day of a month, any payment of Additional Rent payable with respect to any partial calender month will be prorated on a per diem basis.
Pro-Ration. All insurance premium payments shall be pro-rated for those employees who work less than full-time (35 or more hours per week), equal to the percentage of time worked.
Pro-Ration. The number of Trizec Properties Exchanged Shares shall equal the Available Number of Trizec Properties Shares. Accordingly, the number of Trizec Properties Exchanged Shares, Trizec Subco Exchanged Shares and Trizec Canada Exchanged Shares shall be determined as follows:
Pro-Ration. For any period less than a full year during the Term, Executive shall receive an amount equal to the pro-rated portion of any payment pursuant to such plan or program.
