Average Shareholders’ Equity definition

Average Shareholders’ Equity means (i) the sum of Shareholders’ Equity as of the end of the prior year and Shareholders’ Equity as of the end of the current year (ii) divided by two.
Sample 1Sample 2Sample 3
Average Shareholders’ Equity means the average of the Company's year-end "Shareholder's Equity" for the two fiscal year s preceding the fiscal year of the Company for which the Annual Bonus is being determined. "Shareholder's Equity" subsequent to the Merger means the equity or equivalent amount at the time of the Merger plus the Adjusted Pre-Tax Income multiplied by the applicable Federal and State tax rates.
Sample 1Sample 2Sample 3
Average Shareholders’ Equity means the quotient of (i) the sum of UAI’s shareholders’ equity on each of (A) the December 31 immediately prior to the RXX Measuring Period and (B) the last day of each calendar quarter within such RXX Measuring Period and (ii) the number of the measuring dates used in calculating the sum in subclause (i) (i.e., 5, 9 or 13 measuring dates). If the Company achieves a RXX in a RXX Measuring Period of 10%, 12% or 15%, then Executive shall be granted Shares with a value equal to 17.5%, 50% or 100% of the Annual Salary as of the March 1 following the RXX Measuring Period, respectively, subject to Executive being employed as of such date by UAIGI or one of its affiliates or successors as of such grant date. Achievement of RXX shall be determined by the Board in its sole discretion. Such award shall vest in three equal installments, with the first tranche vesting on January 1 of the year following the year in which the award is granted and the second and third tranches vesting on January 1 of each of the next two years, respectively, subject to Executive’s being employed by UAIGI or one of its affiliates or successors as of each such vesting date, provided that this condition shall be satisfied, and Executive will be permitted to continue to vest in the award, if Executive’s employment is terminated without Cause or for Good Reason (as both such terms are defined in Article II). The Annual Salary used in making any determinations pursuant to this paragraph shall be the Annual Salary as of the last day of the relevant RXX Measuring Period. The Company and its affiliates (including UAIGI) reserve the right to amend or substitute the foregoing plans for any fiscal years following 2006, prospectively for periods not yet served by the Executive, provided that to the extent that such plans are amended they shall include targets and a bonus opportunity that provides the Executive with a reasonably equivalent bonus opportunity. Executive shall remain entitled to receive a restricted share grant with respect to 2005 as further provided in the Prior Agreement and the terms of any applicable share incentive plan.
Sample 1

Examples of Average Shareholders’ Equity in a sentence

  • Modified Return on Equity (Modified XXX) Modified Return on Equity metric is calculated by dividing Modified Net Earnings Attributable to Company by Modified Average Shareholders’ Equity.

  • For purposes of this Exhibit, the Operational Performance Results for the Company will be calculated as follows: Adjusted Return on Equity shall be computed by dividing the sum of Adjusted Net Income for each of the three years in the Performance Period by the sum of the Adjusted Average Shareholders’ Equity for each of the three years.

  • Average Shareholders’ Equity is defined as the simple average of Total Shareholders’ Equity as reported in the Annual Reports for the beginning and end of year for each year in the Performance Period.

  • Return on Equity: Return on Equity is defined as the return on average shareholders’ equity, which shall be computed by dividing the sum of GAAP Net Income as reported in the Annual Reports for each of the three years in the Performance Period by the sum of the Average Shareholders’ Equity for each of the three years.

  • Return on Average Shareholders’ Equity (presented herein as Return on Average Common Shareholders’ Equity) Return on Average Shareholders’ Equity is a non-GAAP financial measure.

  • Modified Average Shareholders’ Equity Modified Average Shareholders’ Equity is calculated by subtracting cumulative other comprehensive income and noncontrolling interest from shareholders’ equity.

  • Modified Average Shareholders’ Equity is Calculated by subtracting cumulative other comprehensive income and non-controlling interest as well as effects of Non-Recurring Items from shareholders’ equity.

  • In accordance with U.S. generally accepted accounting principles, diluted earnings per share calculations use weighted average common shares outstanding - basic, for periods with a net loss Annualized Return and Annualized Net Operating Return on Average Shareholders’ Equity (Expressed in thousands of United States Dollars) MAX CAPITAL GROUP LTD.

  • Return on Average Shareholders’ Excluding AOCI (presented herein as Return on Average Common Shareholders’ Equity Excluding AOCI) Return on Average Shareholders’ Equity Excluding AOCI is a non-GAAP financial measure.

  • Return on Average Shareholders’ Equity (presented herein as Return on Average Common Shareholders’ Equity) Return on Average Shareholders’ Equity is calculated by dividing net income (loss) available to shareholders by total average shareholders’ equity.


More Definitions of Average Shareholders’ Equity

Average Shareholders’ Equity means the simple average using beginning-of-year and end-of-year balances and dividing by two.
Sample 1
Average Shareholders’ Equity means an amount as determined in accordance with GAAP, by an unqualified opinion of the auditors of the Company, for a fiscal year of the Company, which is the sum of:
Sample 1
Average Shareholders’ Equity means, for an Annual Period, the sum of the Parent's Shareholders' Equity as reported in its quarterly financial reports included in its Form 10-Q's filed for the first three fiscal quarters of such Annual Period and in its annual financial reports included in its Form 10-K filed for such Annual Period, divided by four (4).
Sample 1
Average Shareholders’ Equity means the quotient of (i) the sum of UAI’s shareholders’ equity on the December 31 immediately prior to the RXX Measuring Period and on the last day of each calendar quarter within such RXX Measuring Period and (ii) the number of the measuring dates used in calculating the sum in subclause (i) (i.e., 5, 9 or 13 measuring dates). If UAI achieves a RXX in a RXX Measuring Period of 10%, 12% or 15%, then the Executive shall be granted Shares with a value equal to 14%, 40% or 80% of the Annual Salary as of the March 1 following the RXX Measuring Period, respectively, subject to the Executive being employed as of such date by the Company or one of its Affiliates or successors as of such grant date. Achievement of RXX shall be determined by the UAI Board in its sole discretion. Such award shall vest in three equal installments, with the first tranche vesting on December 31 of the year the award is granted and the second and third tranches vesting on December 31 of each of the next two years, respectively, subject to the Executive’s being employed by the Company or one of its Affiliates or successors as of such date, provided that this condition shall be satisfied, and the Executive will be permitted to continue to vest in the award, if the Executive’s employment is terminated as described in Section 9(b) hereof. The Annual Direct Salary used in making any determinations pursuant to this paragraph shall be the Annual Direct Salary as of the last day of the relevant RXX Measuring Period. The Company and its Affiliates reserve the right to amend or substitute the foregoing plans for any fiscal years following 2006.
Sample 1
Average Shareholders’ Equity means the numerical average for a given year of ending Shareholders’ Equity for the Company’s five most recently completed fiscal quarters, including the last quarter of that year.
Sample 1

Related to Average Shareholders’ Equity

  • Shareholders’ Equity means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

  • Stockholders’ Equity means, at any date, the amount determined on a consolidated basis, without duplication, in accordance with GAAP, of stockholders’ equity for the Borrower and its Subsidiaries at such date.

  • Total Shareholders’ Equity means the total shareholders' equity of a Person as determined in accordance with GAAP (calculated excluding unrealized gains (losses) of securities as determined in accordance with FASB 115).

  • Consolidated Shareholders’ Equity means, as of any date of determination, the consolidated shareholders’ equity of the Company and its Subsidiaries that would be reported as shareholders’ equity on a consolidated balance sheet of the Company and its Subsidiaries prepared as of such date in accordance with GAAP.

  • Consolidated Stockholders’ Equity means, as of any date of determination for the Company and its Subsidiaries (excluding Project Debt Entities) on a consolidated basis, stockholders’ equity as of that date, determined in accordance with GAAP.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of the Borrower most recently ended.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Consolidated Total Capitalization means, at any date, the sum of Consolidated Debt and Consolidated Net Worth, each determined as of such date.

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Total Capitalization means, at any date, the sum (without duplication) of (i) the consolidated stockholders’ equity of the Borrower and its Consolidated Subsidiaries plus (ii) the net amount of Convertible Preferred Stock as reflected in the consolidated statements of financial position of the Borrower and its Consolidated Subsidiaries plus (iii) Total Finance Liabilities, all determined as of such date.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Consolidated Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.