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;
Sample 1Sample 2
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.
Sample 1Sample 2
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;
Sample 1

Examples of Asset Shares in a sentence

  • 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 term “Outstanding Shares” means all issued and outstanding shares of capital stock of the Company as of the date that is the five (5) business days prior to the Exercise Date; provided, however, that in the event the Exercise Date is within five (5) business days of the Issuance Date, the measurement date shall be the Issuance Date (and shall include the Asset Shares).

  • From the date on which the Transfer Agreement took effect the expenses attributed to the Asset Shares will be the actual charges made by Scottish Friendly on policies within the SLL Fund.

  • To the extent that the Guarantee Fund is deemed surplus to the need to meet guarantees, the surplus will be transferred to the Policyholder Asset Shares.

  • The purpose and operation of these three parts of the with-profits funds is explained below.Policyholder Asset Shares Policies provide a guarantee of a minimum benefit payable on death or retirement, where the guarantee is the amount of premiums paid, accumulated with an investment growth rate, the annual rate of which depends on the type of policy and commencement date.

  • For the SLL Fund’s with-profits endowment business the cost of mortality is not a major factor in determining Asset Shares.

  • The term “Required Warrant Coverage Amount” shall mean that number of Shares that is determined by application of the following formula: (x) the quotient of (i) the Outstanding Shares minus the Asset Shares, divided by (ii) 0.55, minus (y) the Outstanding Shares, and (z) rounded to the nearest whole share.

  • Particular risks of Certificates with shares as Underlying Asset Shares are associated with particular risks, such as the risk that the respective company will be rendered insolvent, the risk that the share price will fluctuate or risks relating to dividends, over which the Issuer has no control.

  • Since then the Society has regularly assessed the value of these funds, reducing them by the cost of guarantees and options paid since 1 July 2005.At each assessment point, if the value of the funds were lower than the expected cost of guarantees and options, the Society made deductions from Asset Shares to cover the difference.

  • If the guaranteed income in respect of a Transferring Policy exceeds the non-guaranteed income, the liability to pay the excess will not be funded from Asset Shares.


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;
Sample 1

Related to Asset Shares

  • Acquisition Shares means each class of shares of beneficial interest 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 has the meaning provided in Section 2.12 hereof.

  • 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.

  • ASA Shares has the meaning set forth in 2.4(a).

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

  • Target Shares means all the issued and unconditionally allotted share capital in the Target and any further shares in the capital of the Target which may be issued or unconditionally allotted pursuant to the exercise of any outstanding subscription or conversion rights or otherwise together with all related rights.

  • 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 means the common shares in the capital of the Company;

  • 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.

  • sale and repurchase transactions means transactions whereby a Sub-Fund sells its Securities to a counterparty of Reverse Repurchase Transactions and agrees to buy such Securities back at an agreed price with a financing cost in the future.

  • 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, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • 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 has the meaning ascribed thereto in Section 2.2.