Corporate Capital Interest definition

Corporate Capital Interest means accumulative amounts paid by the Company for an Insurance Policy Annual Premium as set forth in Section 6.1. The Corporate Capital Interest shall be reduced by policy loans, if any (including interest thereon), made by the Company.
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Corporate Capital Interest means the Insurance Policy’s cumulative Annual Premiums paid by the Company in respect of a Policy with respect to which the Participant has entered into a split dollar insurance agreement with the Company, as set forth in Section 6.2. The Corporate Capital Interest shall be reduced by policy loans, if any (including any unpaid interest thereon), taken by the Company. The actual amount of the Corporate Capital Interest shall be determined by the Company, and such determination shall be binding upon the Insurance Carrier and any person having an ownership or beneficial interest in the Insurance Policy.
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Corporate Capital Interest means, at the earliest of the following to occur, the cumulative amount of Annual Premiums paid by the Rabbi Trust for an Insurance Policy, less the cumulative amount of Imputed Income attributed to the Executive with respect to that Insurance Policy, plus whichever of the following is applicable: (i) the amount, if any, at the conclusion of the Normal Premium Period, by which the Insurance Policy's remaining cash value exceeds the projected amount of cash value for that Insurance Policy necessary, based on conservative, actuarial funding assumptions as determined at the time by the Plan Administrator, to provide the Executive or his designee with an Insurance Policy that will provide the Scheduled Death Benefit Amount without the necessity of any further payment of Annual Premiums by the Rabbi Trust, the Executive or his designee; (ii) the amount, if any, in the event the Executive dies before the Corporate Capital Interest is otherwise recovered, by which the Death Benefit Proceeds of the Insurance Policy exceed the Scheduled Death Benefit Amount for the Executive at the time of death; or (iii) the amount, if any, in the event of the insolvency of the Company, the termination of the Plan pursuant to Section 12, or the termination of the Executive's employment for any reason other than death or Retirement, by which the Insurance Policy's remaining actual cash value exceeds an estimated cash value determined by the Plan Administrator, provided that the estimated cash value shall be equal to that amount of cash value which would have accumulated in the Insurance Policy had Annual Premiums been paid based upon: (a) the Executive's actual Salary progression rather than the assumed Salary progression utilized by the Company in determining funding of the Insurance Policy; and (b) the actual earnings performance of the Insurance Policy rather than the earnings assumptions attributed to the Insurance Policy utilized by the Company in determining the funding of the Insurance Policy. At all times, the amount of the Corporate Capital Interest shall be determined by the Company, and such determination shall be binding upon the Insurance Company and any person or entity having an ownership or beneficial interest in the Insurance Policy. The Corporate Capital Interest shall be reduced by policy loans, if any (including interest thereon), made by the Rabbi Trust from the Insurance Policy. 12/1/92
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Examples of Corporate Capital Interest in a sentence

  • Any amount purchased shall result in the Company's recovery of its Corporate Capital Interest equal to the amount purchased.

  • The Company shall, at its option, have the authority to borrow against the Insurance Policy up to an amount not to exceed the Corporate Capital Interest.

  • In the event that the death benefit from the Insurance Policy exceeds the sum of the Company's Corporate Capital Interest and the Participant's death benefit under Sections 5.1 or 5.2, the excess death proceeds shall be paid to the Participant's beneficiary.

  • Except in the event of a Change in Control, the Company shall, at its option, have the authority to borrow against the Insurance Policy up to an amount not to exceed the Corporate Capital Interest, as provided for in the Assignment.

  • In the event of a termination described in (c) above, the Participant may purchase any portion of the Company's Corporate Capital Interest in the Insurance Policy pursuant to terms as established by the Plan Administrator.

  • In the event of a termination described in (a) above, the Company will recover its Corporate Capital Interest by Insurance Policy withdrawal and release its interest in the Insurance Policy.

  • See Figure 3.Consult the current National Fuel Gas Code, ANSI Z223.1 CAN/ CGA-B149 (.1 or .2) installation code.NOTICE: Once the gas access hole is drilled, the fireplace cannot be converted back to burning a solid-fuel.Use the following gas connectors:— ANSI Z21.24 Appliance Connectors of Corrugated Metal Tubing and Fittings.— ANSI Z21.45 Assembled Flexible Appliance Connectors of Other Than All-Metal ConstructionThe above connectors may be used if acceptable by the authority having jurisdiction.

  • Not in limitation, but in amplification of the foregoing, the amount of policy dividends of the Insurance Policies and the amount of the Corporate Capital Interest may vary the death benefits.

  • In the event the Plan is terminated, whether as to all Participants or as to an individual Participant, a Participant shall be able to preserve and continue the Insurance Policy on his or her life by paying the Company its Corporate Capital Interest.

  • In the event of a termination described in (c) above, the Participant may recover or purchase all or any portion of the Company's Corporate Capital Interest in the Insurance Policy pursuant to terms established by the Plan Administrator.

Related to Corporate Capital Interest

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Capital Interests means any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership.

  • Capital investment means an investment in real property, personal property, or both, at a

  • Private Capital means, if the Issuer is Matching Private Investment Supported (as defined in the Definitive Agreement), the equity capital received by the Issuer or the applicable Affiliate of the Issuer from one or more non-governmental investors in accordance with Section 1.3(m) of the Definitive Agreement.

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Financial Interest means either:

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Corporate Finance Fee means the fee to be paid to the Agent by the Issuer in consideration of corporate finance and structuring services provided by the Agent;

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit G hereto.

  • Definitive Capital Securities means any Capital Securities in definitive form issued by the Trust.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Material financial interest means a personal and pecuniary interest, direct or indirect, accruing to a public servant or spouse, either individually or in combination with each other. Notwithstanding the foregoing, the following shall not be deemed to be a material financial interest with respect to a business with which a public servant may be associated:

  • Corporation Securities means (i) shares of Common Stock, (ii) shares of Preferred Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation § 1.382-2T(h)(4)(v)) to purchase stock of the Corporation, and (iv) any other interest that would be treated as “stock” of the Corporation pursuant to Treasury Regulation § 1.382-2T(f)(18).

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.

  • Prospective International Interest means an interest that is intended to be created or provided for in an object as an international interest in the future, upon the occurrence of a stated event (which may include the debtor’s acquisition of an interest in the object), whether or not the occurrence of the event is certain;

  • Sub-Investment Manager means for each Fund any sub-investment manager or sub-investment managers indicated in the relevant Supplement and any sub-investment manager that the relevant Investment Manager may appoint in the future to manage the Fund, provided that disclosure of any such sub-investment managers appointed by the Investment Managers will be provided to Shareholders upon request and details thereof will be disclosed in the periodic reports to Shareholders, and provided further that each Sub-Investment Manager may appoint a sub-investment manager/advisor to manage/advise any portion of the assets of any Fund to which it has been appointed Sub-Investment Manager in accordance with the requirements of the Central Bank Rules;