Economic Value Added

Economic Value Added. Or "EVA" means the NOPAT that remains after subtracting the product of the Threshold Rate of Return multiplied by the Investment Amount, expressed as follows: EVA = NOPAT - [Threshold Rate of Return x Investment Amount] EVA may be positive or negative.

Economic Value Added. Means the excess NOPBT that remains after subtracting the Capital Charge, expressed as follows: EVA = NOPBT—Capital Charge 2.13 "Executive Officers" mean the Company's Chief Executive Officer, President, and any Executive Vice President, Senior Vice President, Vice President, and the Corporate Secretary, Treasurer, or Controller of the Company.

Economic Value Added. - 2.17.1. For the Company, EVA shall mean the amount by which EBIT exceeds Company Cost of Capital. (EVA for Company = Company EBIT — Company Cost of Capital) 2.17.2. For a Business Unit other than the Company, EVA shall mean the amount by which the Business Unit's EBIT exceeds Business Unit Cost of Capital. (EVA for Business Unit other than the Company = Business Unit EBIT — Business Unit Cost of Capital)

Economic Value Added. A measure of corporate performance. EVA is computed by subtracting a charge for the use of invested capital from Net Operating Profit After Tax.