Applicable Pro Rata Fraction

Applicable Pro Rata Fraction. Means, for purposes of determining the amount of any pro rata retention bonus payable to a Participant hereunder, as provided in Sections 4(a)(ii) and 4(b)(iii) below, a fraction, (x) the numerator of which shall be the number of days between the Effective Date of the Plan and the date of the Participant's Qualifying Termination of Employment, and (y) the denominator of which shall be the number of days between the Effective Date of the Plan and the date on which the... applicable Payment Event occurs. View More