Reference Rate of Return definition

Reference Rate of Return means, in respect of an Observation Date (and the next occurring Variable Coupon Payment Date), an amount (expressed as a percentage) equal to: Underlying Closing Price in respect of such Observation Date

Examples of Reference Rate of Return in a sentence

As of each Valuation Date, each Participant’s Deferred Compensation Account will be credited with the Investment Reference Rate of Return (positive or negative) for each Investment Fund applied to the portion of the Participant’s Deferred Compensation Account, if any, deemed to be invested in such Investment Fund in accordance with the Participant’s investment elections.

As of each Valuation Date, each Participant’s Restoration Account will be credited with the Investment Reference Rate of Return (positive or negative) for each Investment Fund applied to the portion of the Participant’s Restoration Account, if any, deemed to be invested in such Investment Fund in accordance with the Participant’s investment elections.