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"Prorated first year based on" typically refers to the calculation of a financial figure, such as a salary, fee, or benefit, that is adjusted to reflect only part of the year rather than the full annual amount. For example, if someone starts a job halfway through the year, their salary might be prorated based on the number of months they will actually be employed. This ensures that compensation or benefits are fairly allocated according to the actual time worked or the period of service.

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3mo ago

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