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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English, this term has been vernacularized to prorated or pro ...
Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square footage of the property. A common example of a CAM item is the cost of cleaning the walkways in a shopping mall. It is assumed that every tenant benefits from a clean ...
Unlike a signing bonus, the amount of a roster bonus is not prorated over the lifetime of a player's contract. Thus, roster bonuses are often used by teams that prefer to front-load the salary cap impact of a contract and lessen the impact on future years. [ 1 ]
Other sources said some people who were laid off were offered six months of base salary, a prorated percentage of their bonus based on time worked in 2024, and an additional health care supplement.
To reach the pro rata figure, the total amount at each company will be divided by the total number of work days lost by all affected employees. "Payments from the Supplemental Ratification Bonus ...
This new free plan is a prorated approach to drug costs, helping you to manage expenses by paying monthly bills from your plan (and not the pharmacy). ... In-network vs. out-of-network care.
The thirteenth monthly salary is not a bonus but a delayed payment. Whether or not a thirteenth salary is part of an employment contract, some companies pay a higher monthly salary instead of the additional payment. The thirteenth salary is prorated for partial years in the first and last years of employment. [27]
When you cancel a policy midterm, your insurance company will either give you a prorated refund or a prorated bill, depending on where you are in your billing cycle. Because you paid in advance ...