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"Odd-lot" shares tendered that were not subject to proration:
Lane County Assessor Mike Cowles said his office typically receives about a dozen requests for refunds - technically called prorations - each year.
FULL PRORATION OF COAUTHORED PAPERS IS REQUIRED FOR THE EFFICIENT CHOICE OF TEAM SIZE
Keep in mind that there may be some situations of gross misconduct, such as an assault or sexual harassment, when advance written notice may not be needed in order to justify a "for cause" termination sufficient to justify the proration of a salaried employee's pay.
There is also uncertainty as to how proration would work with target revenue and the "hold harmless" guarantee the Legislature made to districts with the 2006 property tax reduction.
This practice which is called "proration" has negatively affected the general government operation, and especially K-12 schools and higher educational institutions by periodically cutting the appropriated budget for these institutions (Harvey, 1989).
For peace of mind-for both you and your customer-the Summit has a 40 year warranty with no proration for the first five years.
A proration could be made by comparing the casualty-and-theft loss amount to the total loss amount ($40,000/$100,000), resulting in only 40% of the NOL ($32,000) being carried back to the third year.
However, the Stonewall court refused to impose responsibility on the insured via proration for years during which it was impossible to purchase insurance coverage for asbestos claims.
Shares will be accepted for purchase on a pro rata basis, and the preliminary proration factor, after giving effect to the priority for odd lot Shares, is expected to be 6.159%.
The cash and stock elections will be subject to allocation and proration procedures, which are described in the election materials, the proxy statement/prospectus and in the Agreement and Plan of Merger and Reorganization, dated as of January 22, 2018, by and among Park, The Park National Bank and NewDominion (the merger agreement).
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