Common use of Average Invested Capital Clause in Contracts

Average Invested Capital. The sum of the Company's total assets (minus cash and goodwill) plus its total liabilities (minus interest bearing debt, including capital leases), calculated using an average of the invested capital during the award period.

Average Invested Capital. The sum of the Company's ’s total assets (minus cash and goodwill) plus its total liabilities (minus interest bearing debt, including capital leases), calculated using an average of the invested capital during the award period.