ROAE definition
ROAE means (i) MFA Return, divided by (ii) MFA Average Equity, for the 12 month Performance Period.
ROAE means the Bank’s after-tax net income at the end of the fiscal year, before payment of any common stock dividend and adjusted for extraordinary items, divided by the Bank’s average equity for the same fiscal year, as reported in the Bank’s general ledger and determined by the Bank’s independent auditors.
ROAE means (a) net income applicable to the common shareholders of a company during the Performance Period, divided by (b) that company’s average common shareholders’ equity during the Performance Period (as reported in the company’s annual or quarterly report for the applicable fiscal period end) subject to adjustments for certain extraordinary or special items, in the form and manner determined in the Committee’s sole discretion and if permitted by the IRS regulations under Section 162(m) of the Internal Revenue Code of 1986, as amended, relating to the “pre-established performance goal” rules, for any: change in accounting policy; gain/loss on disposition of assets or business; charge for goodwill impairment; extraordinary legal/regulatory settlements; extraordinary market conditions; significant currency fluctuations; effects of nature or man-made disasters; hyperinflation; change in statutory tax rates/regulations; charges or costs associated with Board-approved restructurings of the Company, including, but not limited to, acquisitions and mergers by the Company; results of discontinued operations held for sale after sale closing; other extraordinary, unusual or infrequently occurring items as determined under U.S. generally accepted accounting principles (“GAAP”).
Examples of ROAE in a sentence
For each Performance Period, the sum of the ROAE Bonus and the IRM Bonus shall equal the Annual Bonus.
For each Performance Period, the target amount of the ROAE Bonus will be equal to 75% of the Target Bonus, and the Executive shall be eligible to receive from zero to two times such target amount of ROAE Bonus.
The resulting performance measures are weighted: • 50 percent weighting to the matrix composed of both the three-year average Return on Average Equity (ROAE) and average earnings per share growth per Addendum A; and • 50 percent to the Relative Total Shareholder Return (TSR) per Addendum A, measured against the Company's Peer Group listed on Addendum B.
For purposes of the ROAE Bonus: · The “ROAE Target” shall be the greater of (x) the 2 Year Treasury Rate + 400 basis points or (y) 8%; provided that the ROAE Target shall not exceed 10%.
The second tranche will fully vest on the 4th anniversary of the Closing Date subject to continuous employment through such date if ROAE is at least 13% measured over Years 3 and 4.
More Definitions of ROAE
ROAE means (i) Company Return, divided by (ii) Company Average Equity, for the 12 month Performance Period.
ROAE shall be defined as (a) the Pre-Tax Profit during the applicable calendar year during the Term, divided by (b) the average of the book value of Guild as reflected on Guild’s balance sheet as of the last day of each calendar quarter during such calendar year.
ROAE. ROAE" means return on average equity as referenced in the Corporation's Incentive Compensation Plan and the Corporation's Long-Term Incentive Compensation Plan, as the case may be.
ROAE means the return on average equity calculated for the periods indicated.
ROAE means the average of the Company's “returns on average equity” for the calendar years 2011 and 2012. For this purpose, “return on average equity” shall mean the percentage, rounded to the nearest tenth of one percent, obtained by dividing the Company's net income during the applicable year by average common shareholders' equity during such year, as adjusted as applicable for the following adverse events, if any: • the cumulative effect of accounting changes; • the effect of changes in tax laws; • the adverse impact of mergers and acquisitions completed during the Performance Period on the financial results of the Company for the subsequent 18 months; • adjustments to contingent consideration due under the earnout agreement resulting from the Advocate, MD acquisition(or any other contingent consideration arrangement as part of an acquisition during the Performance Period) ; • the effect of state-levied guaranty fund assessments levied in the Performance Period to the extent not recovered during the Performance Period so as to be neutral to the determination of financial performance; • costs associated with merger and acquisition activities; and • the impact of substantial changes in the level of debt as a portion of the Company's overall capital structure beyond that already contemplated in plans used to determine the performance goals; and provided, that no adjustment shall be made to the extent such adjustment would cause the Award not to qualify as performance-based compensation within the meaning of Section 162(m) of the Internal Revenue Code and regulations thereunder. Under and subject to the provisions of the Plan, the Company has granted to the Participant an Award of Performance Units as set forth in this Agreement. The Award is subject to the following terms and conditions (which together with Annex A and the other terms of this Agreement are referred to as this “Agreement”).
ROAE means the average of the Company’s “returns on average equity” for the calendar years 2009 and 2010. For this purpose, “return on average equity” shall mean the percentage, rounded to the nearest tenth of one percent, obtained by dividing the Company’s net income during the applicable year by average common shareholders’ equity during such year, as adjusted as applicable for: · the cumulative effect of accounting changes during the Performance Period; · the effect of changes in tax laws during the Performance Period as reflected in the Company’s financial statements for the Performance Period; · the impact of mergers and acquisitions completed during the Performance Period on the financial results of the Company for the lesser of the subsequent 18 months or the remainder of the Performance Period; · the effect of state-levied guaranty fund assessments levied during the Performance Period to the extent not recovered during the Performance Period so as to be neutral to the determination of financial performance; and · costs and expenses accrued or incurred during the Performance Period associated with merger and acquisition activities that do not ultimately result in a transaction; provided, that no adjustment shall be made to the extent such adjustment would cause the Award not to qualify as performance-based compensation within the meaning of Section 162(m) of the Internal Revenue Code and regulations thereunder. Under and subject to the provisions of the Plan, the Company has granted to the Participant an Award of Performance Units as set forth in this Agreement. The Award is subject to the following terms and conditions (which together with Annex A and the other terms of this Agreement are referred to as this “Agreement”).
ROAE means the amount which is the product of the following calculation: [Graphic to Come] Where: