Asset Shares definition

Asset Shares means asset shares determined at the relevant time by the Transferee Board, having taken account of Appropriate Actuarial Advice, in accordance with the relevant Transferee PPFM;
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Asset Shares means 4,740,375 shares of the Company’s common stock, representing the number of Shares issued to the Holder pursuant to Section 2.1 of the Asset Purchase Agreement.
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Asset Shares means the accumulation of premiums paid in respect of and investment return attributed to any Eligible Policies, less charges (which may include set up costs, commission payments, administrative fees, investment management costs, the cost of risk benefits, the cost of guarantees, the Cost of Smoothing and the cost of tax), or any other equivalent measure, which is used as a guide to setting payout levels, as calculated by Royal London in accordance with the accounting and actuarial policies and practices used for the purposes of the preparation of Royal London's regulatory returns at the time of calculation of such asset share;
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Examples of Asset Shares in a sentence

  • However, the investment returns used when calculating the Asset Shares for such business are based on a notional asset mix that may include exposure to a wider range of assets.

  • Courses of action in the event of emerging business risks, subject to the Overriding Principle, include:• Reducing the estate contribution to Asset Shares in order to protect the solvency of the GAWPF (including reducing or removing previous estate contributions)• Reducing annual bonus rates.

  • To the extent that any provision included in the SW Scheme WPF Provision is in excess of the amount of the relevant Liability, an amount equal to such excess shall be transferred to the Scottish Widows Retained Account, or if such account has ceased to exist, the Scottish Widows Additional Account, or if both the Scottish Widows Retained Account and the Scottish Widows Additional Account have ceased to exist, to the Asset Shares of the Pre- SW Scheme Transferred With Profits Policies.

  • PRACTICES - Calculation of Asset Shares Group A (Conventional with profits policies issued by RL before 1 January 2001) CALCULATIONAsset shares are calculated by accumulating the premiums paid at the rate of return earned on the assets backing the policies after allowing for charges.

  • The total surrender value payable, where discretionary, is set with regard, among other things, to Asset Shares for groups of policies.

  • Figure 1: Asset Shares in German BankingCooperative banks (€ 623 b.)Cooperative central banks (€ 266 b.)3.6 %Saving banks (€ 1023 b.)13.8 % Landesbanken (€ 1563 b.)21.0 %8.4 % Special purpose banks (€ 862 b.)11.6 % Commercial banks (€ 2125b.)28.6 % Real estate banks (€ 822 b.)11.1 %Foreign banks (€ 154 b.)2.1 %Note: Asset shares are measured by total assets.

  • Upon conversion, all the ICCPS shall become PRG Asset Shares and rank equally in all respects with PRG Asset Shares.

  • Figure 2: Asset Shares of Publicly Owned Banks in Selected European Countries 0 10 20 30 40 50 60 70 80 90 La Porta Data 1995 World Bank Data 1999 World Bank Data 2005Austria Belgium BulgariaCzech RepublicDenmark Finland France Germany HungaryItaly NetherlandsPoland Portugal Slovakia SloveniaSpain Sweden Switzerland Note: The figures for Germany are not directly comparable with the public sector share in Figure 1.

  • If the Adjustment Percentage is less than 100%, it will mean that the amounts of non-guaranteed income will exceed the amounts that the Aggregate Asset Shares can support.

  • Earned Asset Shares are calculated in accordance with generally accepted actuarial practice.


More Definitions of Asset Shares

Asset Shares means, in respect of any relevant Policy, the asset share in respect of that Policy determined by the FLL Board in accordance with Regulatory Requirements and the FLL PPFM;
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Related to Asset Shares

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Net Shares means the number of shares of Common Stock which will be deposited in a brokerage account in the Grantee’s name at the Company’s designated broker after shares have been withheld to satisfy applicable tax and withholding requirements upon vesting of the Restricted Stock Units.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • New Equity Interests means the limited liability company

  • Previously Acquired Shares means shares of Common Stock that are already owned by the Participant or, with respect to any Incentive Award, that are to be issued upon the grant, exercise or vesting of such Incentive Award.

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Target Shares means common shares in the capital of Target, as currently constituted;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Buyer Stock means the common stock, par value $0.001 per share, of Buyer.

  • Company Shares has the meaning set forth in the Recitals.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Excluded Equity Interests means (a) any Equity Interests with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the cost or other consequences of pledging such Equity Interests in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom, (b) solely in the case of any pledge of Equity Interests of any Foreign Subsidiary or FSHCO (in each case, that is owned directly by the Borrower or a Guarantor) to secure the Obligations, any Equity Interest that is Voting Stock of such Foreign Subsidiary or FSHCO in excess of 65% of the Voting Stock of such Subsidiary, (c) any Equity Interests to the extent the pledge thereof would be prohibited by any Requirement of Law, (d) in the case of (i) any Equity Interests of any Subsidiary to the extent the pledge of such Equity Interests is prohibited by Contractual Requirements existing on the Closing Date or at the time such Subsidiary is acquired (provided that such Contractual Requirements have not been entered into in contemplation of such Subsidiary being acquired), or (ii) any Equity Interests of any Subsidiary that is not a Wholly owned Subsidiary at the time such Subsidiary becomes a Subsidiary, any Equity Interests of each such Subsidiary described in clause (i) or (ii) to the extent (A) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable Requirements of Law), (B) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (B) shall not apply if (1) such other party is a Credit Party or a Wholly owned Subsidiary or (2) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent)) and only for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (C) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or a Wholly owned Subsidiary) to any Contractual Requirement governing such Equity Interests the right to terminate its obligations thereunder (other than customary non-assignment provisions that are ineffective under the Uniform Commercial Code or other applicable Requirement of Law), (e) the Equity Interests of any Immaterial Subsidiary (unless a security interest in the Equity Interests of such Subsidiary may be perfected by filing an “all assets” UCC financing statement) and any Unrestricted Subsidiary, (f) the Equity Interests of any Subsidiary of a Foreign Subsidiary or FSHCO, (g) any Equity Interests of any Subsidiary to the extent that the pledge of such Equity Interests would result in material adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower, (h) any Equity Interests set forth on Schedule 1.1(b) which have been identified on or prior to the Closing Date in writing to the Administrative Agent by an Authorized Officer of the Borrower and agreed to by the Administrative Agent and (i) Margin Stock.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Purchased Securities has the meaning assigned in the Terms;

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Voting Equity Interests means Equity Interests in a corporation or other Person with voting power under ordinary circumstances entitling the holders thereof to elect the Board of Directors or other governing body of such corporation or Person.