cumulative performance definition
cumulative performance means, in respect of [the/a] Reference Item and a periodic valuation date, the [level/price/rate/value] of such Reference Item on such periodic valuation date DIVIDED BY [the [level/price/rate/value] of such Reference Item on the specified initial valuation date/the initial price], expressed as a percentage “FX Option Conversion”: [Applicable and “OFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage] / [Not Applicable, OFX = 1] “FX Principal Conversion”: [Applicable and “PFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage]] / [Not Applicable, PFX = 1] “Lock-in Floor” means zero [or the Lock-in Level (if any) equal to or next lowest to the highest Relevant Cumulative Performance] “Periodic Performance” means, in respect of [the/a] Reference Item and a periodic valuation date, the [level/price/rate/value] of such Reference Item on such periodic valuation date DIVIDED BY the [level/price/rate/value] of such Reference Item on the immediately preceding periodic valuation date, or if none, [[], being] [the specified initial valuation date/the initial price], expressed as a percentage “Relevant Cumulative Performance” means, in respect of a periodic valuation date (t), [the Cumulative Performance of the Reference Item/the sum of the weighted Cumulative Performances for each of the Reference Items] for such periodic valuation date (t) “Relevant Periodic Performance” means, in respect of a periodic valuation date (t), [the Periodic Performance of the Reference Item/the sum of the weighted Periodic Performances for each of the Reference Items] for such periodic valuation date (t) “Relevant Principal Amount” (“RPA”) means the CA multiplied by []% multiplied by PFX [“Lock-in Level” = [[]%[, []% and []%]] [“PP Cap” = [[]%] [“PP Floor” = [[]%] “Performance Floor” = [[]%/Zero] “PR” = [[]%/100%] “Strike” = [[]%/100%]]
cumulative performance means the percentage change in the Company’s cum-income net asset value per share adjusted to include dividends announced by the Company with effect from the date that they are marked ex- dividend during the relevant period and the impact of the reinvestment of such dividends to the financial year end, adjusted for the impact of share buy backs and issues of ordinary shares out of Treasury and any provision for the performance fee, less the percentage change in the total
cumulative performance means the percentage change in the Company’s net asset value per share adjusted for the impact of share buy backs and issues of ordinary shares out of treasury, less the percentage change in the capital performance of the FTSE World Index, the Company’s benchmark over the relevant period.
More Definitions of cumulative performance
cumulative performance means the percentage change in the Company’s net asset value (as defined below) per share less the percentage change in the capital performance of the FTSE World index, which was the Company’s benchmark over the relevant period.