Common use of Prorating Clause in Contracts

Prorating. In prorating a benefit, the factor used shall be determined by totalling the number of regularly scheduled hours the employee has worked in the preceding eight (8) weeks and dividing by three hundred (300). I. e.: 7½ hours x 8 weeks x 5 days (320 i.e.: 8 hours x 8 weeks x 5 days). Prorating factor 300 (320) = Number of regularly scheduled hours the employee worked in the preceding 8 weeks

Prorating. In prorating a benefit, the factor used shall be determined by totalling the number of regularly scheduled hours the employee has worked in the preceding eight (8) weeks and dividing by three hundred (300). I. e.: 7½ hours x 8 weeks x 5 days (320 300 - i.e.: 8 hours x 8 weeks x 5 days). Prorating factor 300 (320) = Number of regularly scheduled hours the employee worked in the preceding 8 weeks