Present Value

Present Value. Of any amount shall mean such amount discounted by a rate per annum which is the lower of (a) the Prime Rate at the time such present value is determined or (b) six percent (6%) per annum.

Present Value. Of any amount shall mean such amount discounted by a rate of eight (8%) per annum.

Present Value. Of Cash Flows or any other sum shall mean the present value discounted at the Applicable Discount Rate using a mid-year discounting convention, unless another discounting convention is, in the reasonable judgment of the Management Company, more appropriate given the specific circumstances. When calculated at October 1 of each year for purposes of determining the Annual Performance Fee and the Coverage Ratio, Present Values shall be as of January 1 of the next subsequent year. Any determination... of Present Value shall be subject to review in accordance with the procedures set forth in Section 4.3 applicable to the determination of the Annual Performance Fee and the Coverage Ratio. -4- View More

Present Value. "Present Value" shall mean the present -------------- value of a benefit determined on the basis of the following actuarial assumptions: MORTALITY: "Applicable Mortality Rate" as such term is --------- defined in Section 2.03c of Appendix A to the Qualified Plan (i.e., the NBT BANCORP Inc. Defined Benefit Pension Plan, as amended and ... restated as of October 1, 1989, including amendments adopted through August 31, 1998). INTEREST RATE: "Applicable Interest Rate" as such term is -------------- defined in Section 2.09b of said Appendix A to the Qualified Plan. View More

Present Value. "Present Value" shall mean the present value of a benefit determined on the basis of the following actuarial assumptions: MORTALITY: "Applicable Mortality Rate" as such term is defined in Section 2.03c of the Qualified Plan. INTEREST RATE: "Applicable Interest Rate" as such term is defined in Section ... 2.09b of the Qualified Plan. View More

Present Value. Shall mean the present value of a benefit based on mortality factors set forth in the UP-1984 Mortality Table and interest at the rate for immediate or deferred annuities (whichever is applicable) which would be used (as of the date of the distribution) by the Pension Benefit Guaranty Corporation for purposes of determining the present value of a lump sum distribution on plan termination.

Present Value. Shall mean the lump sum current value of the Normal Plan Benefit, or the remaining balance thereof, based on a 4% interest rate and determined as of the Director's date of death.

Present Value. Of any amount shall mean such amount discounted by a rate per annum equal to nine percent (9%).

Present Value. Present Value of payments that would otherwise be made in the future shall be determined using a discount rate equal to the applicable federal rate prescribed under Section 1274(d) of the Code for the month in which the Date of Termination occurs, compounded semi-annually.

Present Value. Means the value, determined as of the Closing Date or other relevant date under applicable Treasury Regulations, of any payment in the nature of compensation to which the Executive becomes entitled in connection with the Acquisition or his subsequent termination, including (without limitation) the Parachute Payment attributable to any of the Payments. The Present Value of each such payment shall be determined in accordance with the provisions of Code Section 280G(d)(4), utilizing a discount... rate equal to one hundred twenty percent (120%) of the applicable Federal rate in effect at the time of such determination, compounded semi-annually to the effective date of the Acquisition. View More