Average Shareholders Equity definition

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.
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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: (i) at the beginning of the applicable fiscal year, the total of: (A) contributed surplus, (B) share capital, (C) retained earnings; and (ii) the amount of the additional share capital issued prior to the date of the determination and the end of the applicable fiscal year, weighted to reflect the number of months the additional share capital was issued during the fiscal year:
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Average Shareholders Equity means the quotient of (i) the sum of UAI’s shareholders’ equity on the December 31 immediately prior to the R▇▇ Measuring Period and on the last day of each calendar quarter within such R▇▇ 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 R▇▇ in a R▇▇ 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 R▇▇ 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 R▇▇ 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 R▇▇ Measuring Period. The Company and its Affiliates reserve the right to amend or substitute the foregoing plans for any fiscal years following 2006.
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Examples of Average Shareholders Equity in a sentence

  • No Awards may be made during any fiscal year unless, for the preceding fiscal year, Return on Average Shareholders' Equity exceeded the Ten Year Treasury Yield by more than three percentage points.

  • If the Company's Adjusted Pre-Tax Income equals or exceeds 10% of the Average Stockholders' Equity for any such fiscal year, the Company shall pay the Executive a bonus for such year equal to the sum of (i) 1% of 10% of the Company's Adjusted Pre-Tax Income for the year plus (ii) 2 1/2% of the amount by which the Adjusted Pre-Tax Income exceeds 10% of the Average Shareholders' Equity for such year.

  • The Average Shareholders Equity for each fiscal year shall be determined by averaging the shareholders' equity reported in the audited financial statements of the Company as of the beginning and the end of that fiscal year.


More Definitions of Average Shareholders Equity

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 R▇▇ Measuring Period and (B) the last day of each calendar quarter within such R▇▇ 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 R▇▇ in a R▇▇ 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 R▇▇ 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 R▇▇ 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 R▇▇ 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.
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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).
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Average Shareholders Equity means the simple average using beginning-of-year and end-of-year balances and dividing by two.
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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 common and preferred shareholders' equity of the Company as determined in accordance with GAAP (calculated including any Recharacterized Portion, but excluding (i) unrealized gains (losses) on securities as determined in accordance with FAS 115 and (ii) any charges taken to write off any goodwill included on the Company's balance sheet on the Effective Date to the extent such charges are required by FAS 142).

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

  • Consolidated Stockholders’ Equity at any time, means the total stockholders’ equity of the Issuer and its consolidated Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles, as of the end of the most recently completed fiscal quarter of the Issuer for which financial information is then available.