prorate
/prəʊˈreɪt
/ /ˈprəʊreɪt/verb [with object] chiefly North American
Allocate, distribute, or assess pro rata: bonuses are prorated over the life of a player’s contract...
- Job sharing allows two people to share one full-time position, prorating salary and some benefits.
- Drawbacks include reduced income, a higher cost for benefits if they are prorated, and lower contributions by the employer to a 401 plan.
- The part-time tenure track prorates additional years to tenure review based on the full-time equivalent.
Derivatives
proration
- The excessive prorations ensure the Redskins will be capped out in three to four years - and the process will be accelerated if any of their new players' contracts are terminated early because of injury or erosion of skill.
- He signed for what looked like a $10 million bonus, and in theory a gentleman who just cashed a huge check cannot be cut for years because proration of the bonus would crash-land onto the salary cap.
- Later, the judge ruled that, constitutionally, the cutbacks could not come via proration.