Average Capital definition

Average Capital means the numerical average for a given year of ending Capital for the five most recently completed fiscal quarters, including the last quarter of that year.

Average Capital means the sum of the Company’s capital at the end of each month during a Plan Year divided by 12.

Average Capital means the sum of the Company’s capital at the end of each month during a fiscal year divided by 12.

Examples of Average Capital in a sentence

• Total Return equals the Total Dividends, plus the Change in Retained Earnings, divided by the Average Capital.

• Average Capital Employed shall be derived by adding the Company’s capital debt plus equity at the close of the last day of the year preceding the Performance Year to the Company’s capital debt plus equity at the close of the last day of the present Performance Year, with the resulting sum being divided by two.

• The impact on Earnings from Continuing Operations and on Average Capital Employed of one or more acquisitions with an aggregate purchase price of $300 million or more and of individual acquisitions with a purchase price of greater than $100 million shall be excluded for the calendar year in which the acquisition or acquisitions occur.

• Each such equipment group will have a Group Average Capital Cost (GAC cost) which will be used for all equipment within that group.

• The ELC is a two part rate which is determined by summing the Group Average Capital Charge and the Maintenance Charge for the specific equipment leased.

More Definitions of Average Capital

Average Capital means the average of the Invested Capital (as defined below) for the Measuring Period and shall be calculated as the quotient of (x) the sum of Invested Capital at the beginning of the first year of the Measuring Period, plus the Invested Capital at the end of each of the first, second and third years of the Measuring Period, divided by (y) four; provided that in the case of an early award pursuant to Section 5, Average Capital shall be calculated as the quotient of (x) the sum of Invested Capital at the beginning of the first year of the Measuring Period, plus the Invested Capital at the end of each of the completed fiscal years of the Measuring Period plus at the end of the Measuring Period (i.e., the end of the applicable fiscal quarter), divided by (y) the applicable period number (for example, 3, in the case of a Measuring Period consisting of one year and three quarters). See the exhibit attached to this Agreement and labeled “Performance Share Agreement Exhibit” for example calculations of Average Capital.

Average Capital means the sum of the Company’s capital at the end of each month during a Plan Year divided by 12. “Board” means the Board of Directors of the Company.

Average Capital means the sum of the Company’s capital, determined in accordance with the Manual, at the end of each month during the Year divided by 12.

Average Capital means the average of the Invested Capital (as defined below) for the Measuring Period and shall be calculated as the quotient of (x) the sum of Invested Capital at the beginning of the first year of the Measuring Period, plus the Invested Capital at the end of each of the first, second and third years of the Measuring Period, divided by (y) four; provided that in the case of an early award pursuant to Section 4, Average Capital shall be calculated as the quotient of (x) the sum of Invested Capital at the beginning of the first year of the Measuring Period, plus the Invested Capital at the end of each of the completed fiscal years of the Measuring Period plus at the end of the Measuring Period (i.e., the end of the applicable fiscal quarter), divided by (y) the applicable period number (for example, 3, in the case of a Measuring Period consisting of one year and three quarters). See the exhibit attached to this Agreement and labeled “Performance Share Agreement Exhibit” for example calculations of Average Capital.

Average Capital means, for the relevant fiscal year, the average of invested capital (stockholders' equity plus long-term debt, including long-term debt classified as short-term), determined by dividing (a) thirteen into (b) the sum of (i) the invested capital balance at month end for each of the 12 months of the relevant fiscal year and (ii) the month end balance of invested capital for the month immediately preceding such fiscal year.

Average Capital means, in respect of a financial year, the amount produced by halving the aggregate of the amounts in items 12 and 17 in Part I (or, as the case may be, items 13 and 18 in Part II) of Schedule 2 above for that and the previous financial year.

Average Capital. , in respect of a month, means the sum of the average net capital, the land value and the working capital allowance for the month.