Adjusted Termination Value definition

Adjusted Termination Value means, for purposes of Article XXV only, the termination value determined by the Actuary in accordance with the Pension Benefits Act, subject to the following: (i) the discount rate for the calculation of the funding policy liabilities is used; (ii) the value of the vested and non-vested Ancillary Benefits are included by using the expected retirement age which maximizes the termination value; and (iii) the termination value funded ratio applied shall be 1.0; provided that if the termination value funded ratio in the most recently filed funding policy valuation is greater than 1.0, such greater termination value funded ratio shall be applied.
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Adjusted Termination Value means, for purposes of this Section 23.3, the termination value as of the Date of Application to purchase a period of service under this Section 23.2 determined by the Actuary in accordance with the Pension Benefits Act, subject to the following: (I) the discount rate for the calculation of the funding policy liabilities shall be used; (II) the value of the vested and non-vested Ancillary Benefits shall be included by using the expected retirement age which maximizes the termination value; and (III) the termination value funded ratio applied shall be 1.0, provided that if the termination value funded ratio in the most recently filed funding policy valuation is greater than 1.0, such greater termination value funded ratio shall be applied.Upon a Member’s termination of employment with the Employer or, in respect of a Member who is an MLA, upon the Member ceasing to serve as an MLA, or upon death, the Termination Value of the Member’s entitlement under this New Brunswick Public Service Pension Plan in respect of a period of service purchased under this Section 23.3 shall not be less than the cost to the Member, as determined under this Section 23.3, with Accumulated Interest, adjusted where required according to Appendix C.
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Adjusted Termination Value means the BDC’s net asset value on the Termination Date, reduced by 4.0% of such for each consecutive quarter for which the Additional Amount is paid; and the term “Additional Amount Percentage” means the Adjusted Termination Value divided by the BDC’s net asset value at the close of the most recently completed calendar quarter, but with a maximum value of one (1.00).
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Examples of Adjusted Termination Value in a sentence

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service calculated using the Member’s full-time equivalent employment service during such period and the Member’s rate of Earnings in effect at the date of application to purchase the past service.

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service calculated using the Member’s full-time equivalent employment service during the period and the Member’s rate of Earnings in effect at the date of application to purchase the past service.

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service, calculated using the Member’s full-time equivalent percentage at the beginning of such period and the Member’s rate of Earnings in effect at the date of application to purchase the past service.

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service, calculated using the Member’s full-time equivalent employment service during the Prior Refunded Service period and the Member’s rate of Earnings in effect at the date of application to purchase the past service.

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service, calculated using the Member’s full-time equivalent employment service during such period and the Member’s rate of Earnings in effect at the date of application to purchase the past service.

  • The Adjusted Termination Value of such past service as at the date of application to purchase the past service calculated using the Member’s full-time equivalent percentage at the beginning of such period and the Member’s rate of Earnings in effect at the date of application to purchase the past service, minus the Employer cost determined under Section 24.5.

  • An Adjusted Termination Value is calculated when a member wishes to purchase service or transfer service under a reciprocal transfer agreement.

  • Pension Terminology ExplainedAs Termination Value and Adjusted Termination Value are new concepts under the Shared Risk Plan model, the information below will provide you with a better understanding of these new concepts:Termination Value: This is an actuarial calculation that provides the lump sum value of a member’s pension benefit at age 65 based on a number of plan assumptions.

Related to Adjusted Termination Value

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

  • Derivatives Termination Value means, in respect of any one or more Derivatives Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Derivatives Contracts, (a) for any date on or after the date such Derivatives Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a) the amount(s) determined as the xxxx-to-market value(s) for such Derivatives Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Derivatives Contracts (which may include the Agent or any Lender).

  • Termination Value means, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

  • Accretion Termination Date As defined in the Series Supplement.

  • Adjusted Value as used in subdivision (d) means:

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Stated Termination Date means December 31, 2000.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Change of Control Value means (i) the per share price offered to stockholders of the Company in any such merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

  • Hedging Termination Value means, in respect of any one or more Hedging Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Contracts, (a) for any date on or after the date such Hedging Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Contracts (which may include a Lender or any Affiliate of a Lender).

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Rate means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

  • Accrual Termination Date Not applicable.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (a) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (b) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Termination Price As defined in Section 9.01.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.