Cumulative Total Return means, for any security and for any period, the cumulative total return, expressed as a percentage, for such security over such period, as measured by (1) the sum of (a) the cumulative amount of dividends paid in respect of such security for such period (assuming that all cash dividends are reinvested in such security as of the payment date for such dividend based on the Security Price as of the dividend payment date), and (b) an amount equal to (x) the Change of Control Price or, if no Change of Control has occurred, the Security Price as of the last day of the Measurement Period, minus (y) the closing price of the security, as reported by the principal stock exchange or automated quotation system on which the security is then traded, on the last trading day prior to the first day of the Measurement Period, divided by (2) the closing price of the security, as reported by the principal stock exchange or automated quotation system on which the security is then traded, on the last trading day prior to the first day of the Measurement Period; provided, however, that if the foregoing calculation results in a negative number, the “Cumulative Total Return” shall be equal to zero.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions (including management fees) paid to the Investors with respect to Common Parent Shares and Preferred Parent Shares, (ii) the gross proceeds of any sale of Common Parent Shares and Preferred Parent Shares by any of the Investors, and (iii) solely for purposes of determining Cumulative Total Return as of the eighth anniversary of the Closing, the fair market value of the Common Parent Shares and Preferred Parent Shares held by the Investors on the eighth anniversary of the Closing (the "FAIR MARKET VALUE"), which will be determined by the Compensation Committee in its sole reasonable discretion. Notwithstanding anything in this Agreement to the contrary, upon a corporate transaction in which all of the Common Parent Shares and Preferred Parent Shares are converted into the right to receive cash, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Shares. The "INVESTORS" means each of the members of the Investor Group as defined in the Shareholders Agreement.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions (including the aggregate amount of the Quarterly Management Fee Payments (as defined in the LLC Agreement), but specifically excluding tax distributions and expense reimbursement payments) paid to the Investors with respect to the Class A Units, (ii) the gross proceeds of any sale of Class A Units by any of the Investors, and (iii) solely for purposes of determining Cumulative Total Return as of the fifth anniversary of the Closing, the fair market value of the Class A Units held by the Investors on the fifth anniversary of the Closing, which will be determined by a nationally recognized third party valuation firm selected by the Managing Member. Notwithstanding anything in this Agreement to the contrary, upon a Significant Event Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Units.
Examples of Cumulative Total Return in a sentence
Cumulative Total Return Data acquired by Research Data Group, Inc.
If the Performance Units are not vested as of the date of termination, the Performance Units will remain outstanding until the 180th day following the date of termination (not to exceed the fifth anniversary of the Closing), and if the Test Date occurs prior to the last day of such 180-day period and the Investors meet the applicable Cumulative Total Return goal as of the Test Date, the Executive will vest in a number of Performance Units at such time as each applicable Cumulative Total Return goal is met.
Cumulative Total Return Formula Cumulative Total Return is computed according to the following formula: ERV - P T = ------- P Where: T = cumulative total return.
If the Cumulative Total Return is between 2.5 to 3 times or 4 to 4.5 times the amount invested by the Investors, respectively, the number of Performance Shares which shall vest shall be interpolated and rounded to the nearest whole share.
Notwithstanding anything in this Agreement to the contrary, upon a corporate transaction in which all of the Common Parent Shares and Preferred Parent Shares are converted into the right to receive cash, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Shares.
More Definitions of Cumulative Total Return
Cumulative Total Return shall be a percentage determined by (i) subtracting the average closing price per Common share for the fourth quarter of the Fiscal year immediately preceding the commencement of a Performance Period (the "Cumulative Beginning Value") from the sum of (a) the average closing price per Common share for the fourth quarter of the third Performance Year of the applicable Performance Period, plus (b) the aggregate amount of dividends paid with respect to a Common share during the three Performance Years of such Performance Period (the remainder being referred to as the "Cumulative Value Change") and (ii) dividing the Cumulative Value Change by the Cumulative Beginning Value.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions paid to the Investors with respect to Shares and Preferred Shares, (ii) the gross proceeds of any sale of Shares and Preferred Shares by any of the Investors, (iii) all management fees paid to the Investors with respect to Shares and Preferred Shares, and (iv) solely for purposes of determining Cumulative Total Return as of the eighth anniversary of the Closing, the fair market value of the Shares and Preferred Shares held by the Investors on the eighth anniversary of the Closing, which will be determined by the Committee in its sole reasonable discretion.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions (including management fees) paid to the Investors with respect to Common Parent Shares and Preferred Parent Shares, (ii) the gross proceeds of any sale of Common Parent Shares and Preferred Parent Shares by any of the Investors, and (iii) solely for purposes of determining Cumulative Total Return as of the eighth anniversary of the Closing, the fair market value of the Common and Preferred Parent Shares held by the Investors on the eighth anniversary of the Closing (the "Fair Market Value"), which will be determined by the Compensation Committee in its sole reasonable discretion. Notwithstanding anything in this Agreement to the contrary, upon a corporate transaction in which all of the Common Parent Shares and Preferred Parent shares are converted into the right to receive cash, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Shares. The "Investors" means each of the members of the Investor Group as defined in the Shareholders Agreement.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions (including management fees) paid to the Investors with respect to Parent Common Shares and shares of preferred stock in Parent beginning from January 28, 2005 (“Parent Preferred Shares”), (ii) the gross proceeds of any sale of Parent Common Shares and Parent Preferred Shares by any of the Investors, and (iii) solely for purposes of determining Cumulative Total Return as of the eighth (8th) anniversary of the Effective Date, the fair market value of the Parent Common Shares and Parent Preferred Shares held by the Investors on the eighth (8th) anniversary of the Effective Date (the “Fair Market Value”), which will be determined by the Compensation Committee in its sole reasonable discretion. Notwithstanding anything in this Agreement to the contrary, upon a
Cumulative Total Return means, for any security and for any period, the cumulative total return for such security over such period, as measured by (1) the sum of (a) the cumulative amount of dividends paid in respect of such security for such period (assuming that all cash dividends are
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions (including the aggregate amount of the Quarterly Management Fee Payments (as defined in the LLC Agreement), but specifically excluding tax distributions and expense reimbursement payments) paid to the Investors with respect to the Class A Units (as defined in the LLC Agreement), (ii) the gross proceeds of any sale of Class A Units by any of the Investors, and (iii) solely for purposes of determining Cumulative Total Return as of the fifth anniversary of the Closing, the fair market value of the Class A Units held by the Investors on the fifth anniversary of the Closing, which will be determined by a nationally recognized third party valuation firm selected by the Board. Notwithstanding anything in this Agreement to the contrary, upon a Significant Event, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Vesting Units.
Cumulative Total Return means the sum (net of all transaction and valuation costs) of (i) all dividends and other distributions, but specifically excluding tax distributions and expense reimbursement payments) paid to the Company with respect to the Class A Units, (ii) the gross proceeds of any sale of Class A Units by the Company, and (iii) solely for purposes of determining Cumulative Total Return as of the Test Date, the fair market value of the Class A Units held by the Company on the Test Date, which will be determined by a nationally recognized third party valuation firm selected by the Company. Notwithstanding anything in this Agreement to the contrary, upon a Significant Event Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Units.