Prorata Basis definition

Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time worked by full-time employees.
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Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time assigned in relation to a full time assignment.
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Examples of Prorata Basis in a sentence

  • All pre-operative expenses incurred on Capital Work in Progress allocated to related fixed assets on Pro-rata Basis.

  • Forthisworkwith 05 (Five) years Defect Liability Period: The Security Deposit shall be Refunded to the Contractor on Prorata Basis @ 30% after the end of 04 (Four) years successful completion of Defect Liability Periods.

  • Subsidy should be on Pro-rata Basis wherein it will be elaborated as the proportionate release of the funds on the basis of the promoter’s contribution.

  • Determine the level of interest of the study sample by addressing organisational slack concerns; and4.

  • The ROPP DB is equal to the sum of Purchase Payments adjusted on a Pro-rata Basis for any amountspreviously withdrawn.

  • Pro-rata Basis: The ratio between the number of hours in an employee’s normal work schedule and forty (40) hours per week, as it applies to leaves and benefits.

  • Forfeiture and Re-issue of Shares Allotted on Pro-rata Basis in Case of Over-subscriptionIn case where the shares of a Company are oversubscribed, it is not possible for the company to satisfy the demand of all the applicants.

  • Security Deposit shall become payable only after successful completion of the work on Prorata Basis @ 2.00 (Two) Percent each Year up to 05 (five) years after the date of Successful Completion of the Work .

  • If the trial court does not find the existence of a mitigating factor after it has been argued by counsel, however, the trial court need not explain why it has determined that factor does not exist.

  • ACCEPTANCE / PENALTY /REJECTION SpecificationAcceptance / Penalty / Rejection80% and above purity as Ca(OH)2Acceptable on purity79.9% to 76% purity as Ca(OH)2Can be accepted on Pro-rata Basis (With penalty)Below 76% purity as Ca(OH)2RejectedMoisture more than 2%RejectedAcid Insoluble more than 1.5%Rejected The acceptance /rejection /penalty is based on the analysis done at Madras Fertilizers Ltd Quality Control laboratory only.

Related to Prorata Basis

  • Pro Rata Basis with respect to any release of Collateral in connection with the partial prepayment of any Loan, means that the Applicable Percentage of each Item of Collateral securing such Loan (subject to adjustment by Custodian in its reasonable discretion to reflect any minimum denominations applicable to any Collateral) shall be released from Lender’s lien.

  • Pro Rata shall have the meaning given in subsection 2.1.4.

  • Pro Rata and Pari Passu Basis means with respect to the Notes and the Note Holders, the allocation of any particular payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such particular payment, collection, cost, expense, liability or other amount.

  • Lot means a parcel or a single article that is the subject matter of a separate lease or delivery, whether or not it is sufficient to perform the lease contract.

  • Random selection basis means a mechanism for selection of employees that:

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Pro Rata Amount means, for each Major Investor, that portion of the New Securities identified in an Offer Notice which equals the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Major Investor bears to the total Common Stock of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Preferred Stock and other Derivative Securities).

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Allocation shall have the meaning set forth in Section 2.7.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Proportionate Percentage means the percentage that expresses the ratio of (x) the number of issued and outstanding shares of capital stock of the Company (on an as converted basis) then owned of record by such stockholder over (y) the aggregate number of outstanding shares of capital stock of the Company (on an as converted basis).

  • Apportionment means the apportionment as determined by Section

  • Pro Rata Portion means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Purchaser participating under this Section 4.12 and (y) the sum of the aggregate Subscription Amounts of Securities purchased on the Closing Date by all Purchasers participating under this Section 4.12.