Pro Rata Balance

Pro Rata Balance. Shall mean that sum resulting from the multiplication of the principal amount of the Loan by a fraction, the numerator of which is the number of fiscal years of the Company between the Effective Date and the fiscal year in which the Executive's employment with the Company has been terminated for any reason (the fiscal year in which termination occurs shall be included in the numerator) and the denominator of which is 4. The Executive shall be deemed to be employed by the Company for one fiscal... year as of January 31, 2002. View More