Economic Capital definition

Economic Capital is defined as net assets plus debt plus cumulative after tax interest expense at the end of the fiscal year. The Parent Company Economic Profit Per Share shall exclude any and all compensation associated with the Employment Agreements dated as of May 1, 2007, between the Company and its “named executive officers” (as listed in the Parent Company’s annual definitive proxy statement filed with the Securities and Exchange Commission).
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Economic Capital means the capital needed by the insurer to satisfy its risk tolerance and support its business plans and which is determined from an economic assessment of the insurer’s risks, the relationship of these risks and the risk mitigation in place;
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Economic Capital is defined as net assets plus debt plus cumulative after tax interest expense at the end of the fiscal year. The Parent Company Economic Profit Per Share shall exclude any and all compensation associated with the Employment Agreements dated as of May 1, 2007 between the Company and its “named executive officers” (as listed in the Parent Company’s annual definitive proxy statement filed with the Securities and Exchange Commission). The Bonus, if any, shall be paid each fiscal year, within fifteen (15) days following the Parent Company’s filing of its annual report on Form 10-K for such fiscal year, based upon the Parent Company’s Economic Profit Per Share for that fiscal year. Any Bonus shall be deemed to be earned by the Associate if the Associate was an employee of the Company as of the last day of the fiscal year in question. See Appendix A to this Agreement for the calculation of projected Parent Company Economic Profit Per Share; provided however, Associate expressly acknowledges and agrees that the projected Parent Company Economic Profit Per Share for fiscal 2009 and fiscal 2010 shall be subject to adjustment by the Compensation Committee of the Board of Directors of the Parent Company, in its sole discretion.
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Examples of Economic Capital in a sentence

  • Over and above this, Lloyd’s applies a capital uplift to the member’s capital requirement, known as the Economic Capital Assessment (ECA).

  • The candidate will understand the Risk Based Capital (RBC) regulatory framework and the principles underlying the determination of Regulatory RBC and Economic Capital.

  • Notwithstanding the provisions of Sections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until their Economic Capital Account Balances, to the extent attributable to their ownership of LTIP Units, are equal to (i) the Common Unit Economic Balance, multiplied by (ii) the number of their LTIP Units.

  • These risks are measured in Economic Capital or VaR (Value at Risk) and are managed using a statistical method.

  • For purposes of determining the Economic Capital Account Balance attributable to an Unrestricted Class B Unit, allocations pursuant to subparagraph 1(c)(ii) of Exhibit B shall be made in such a manner so as to allow the greatest number of Class B Units to convert pursuant to this Section 16.4 at any time.

  • Over and above this, Lloyd's applies a capital uplift to the member's capital requirement, known as the Economic Capital Assessment (ECA).

  • Potential losses are quantified using the Economic Capital Adequacy Model (ECAM).

  • The Bank globally subjects all risk types covered under its Economic Capital (EC) concept and liquidity risk to regular stress tests.

  • These risks are measured and managed in Economic Capital or VaR (Value at Risk) using a statistical method.

  • The maximum number of Vested LTIP Units that may be converted prior to the Full Conversion Date is equal to the product of (a) the result obtained by dividing (1) the Economic Capital Account Balance of the Vested LTIP Units by (2) the Target Balance of the Vested LTIP Units, in each case determined as of the effective date of the conversion and (b) the number of Vested LTIP Units.


More Definitions of Economic Capital

Economic Capital means the economic wealth that can be accounted for in books of accounts which can be subject to a financial audit by qualified persons. Economic Capital can be created when Intellectual Capital impacts favourably upon Social Capital.
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Economic Capital means the capital needed by the FHC group on a consolidated basis to satisfy the risk tolerance and support the business plans of the FHC group and which is determined from an economic assessment of the FHC group’s risks on a consolidated basis, the relationship of these risks and the risk mitigation in place;
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Economic Capital means the capital needed by the insurer to satisfy its risk tolerance and support its business plans and which is determined from an
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Economic Capital means the amount of capital commensurate with the total volume of risk held by a financial institution. For this reason, this term is often used to indicate the scale of the risk itself faced by a financial institution.
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Related to Economic Capital

  • Barclays Capital is a reference to Barclays Capital, the investment banking division of Barclays Bank PLC;

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • CET1 Capital means, as of any Balance Sheet Date, the aggregate amount, in Swiss francs, of items that constitute common equity tier 1 capital of the Group as of such Balance Sheet Date, less any deductions from common equity tier 1 capital required to be made, in each case as determined by the Group Holding Company pursuant to the BIS Regulations applicable to the Group Holding Company as of such Balance Sheet Date, and as (i) disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) may be disclosed as a component of the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable. For the avoidance of doubt, the term "common equity tier 1 capital" as used in this definition has the meaning assigned to such term in the BIS Regulations in effect as of the relevant Balance Sheet Date.

  • GE Capital means General Electric Capital Corporation, a Delaware corporation.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • initial capital or ‘Capital’: means the money that you initially subscribed to invest into the Plan.

  • Mizuho means Mizuho Bank, Ltd.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • WAC Cap With respect to the Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Goldman Sachs means Goldman Sachs & Co. LLC.

  • Per capita income means the average for the most recent three years for

  • Credit Suisse means Credit Suisse AG, Cayman Islands Branch.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • LLC means Limited Liability Company.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • Investment Bank means each of those reputable internationally recognised investment banks, selected from time to time as First Choice Investment Banks or as a Third Investment Bank in terms of Section 1.4 or Section 1.5 of the Subscription Agreement (as the case may be), whose Mandate Letters remain effective.

  • Citigroup means Citigroup Global Markets Inc.

  • Committed Capital means $20,837,637.00 for 14,129,250 Class A Capital Units to be issued with respect to Members receiving Class A Capital Units in the Reorganization, and, with respect to any additional Members, the purchase price of the Capital Units subscribed for in any subsequent offering pursuant to a subscription agreement that has been accepted by the Company, regardless of whether such purchase price has been fully paid.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Deutsche Bank means Deutsche Bank AG and its affiliated companies, as the context requires.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.