Pro-Rata Fraction

Example Definitions of "Pro-Rata Fraction"
Pro-Rata Fraction. The term "Pro-Rata Fraction" shall mean a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant's Date of Termination and the denominator of which shall be 1095.
Found in ASSURED GUARANTY LTD contract
Pro-Rata Fraction. The term "Pro-Rata Fraction" 'Pro-Rata Fraction' shall mean a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant's Date of Termination and the denominator of which shall be 1095.
Found in ASSURED GUARANTY LTD contract
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