Rate of Return

Rate of Return. For a fiscal year of Mid-Wisconsin shall be determined in accordance with generally accepted accounting principles and means a percentage equal to (a) Mid-Wisconsin's return on equity as determined by dividing (i) Mid-Wisconsin's net income for the applicable year by (ii) Mid-Wisconsin's average daily equity for such year minus (b) 400 basis points; provided, however, that the Rate of Return shall not in any event be less than the rate of interest paid by Mid-Wisconsin Bank on its 4 year... certificates of deposit as of the last day of the applicable fiscal year. View More

Rate of Return. For a fiscal year of Mid-Wisconsin shall be determined in accordance with generally accepted accounting principles and means a percentage equal to (a) Mid-Wisconsin's return on equity as determined by dividing (i) Mid-Wisconsin's net income for the applicable year by (ii) Mid-Wisconsin's average daily equity for such year minus (b) 400 basis points.

Rate of Return. Shall mean the internal rate of return for the investment by the Shareholders in the Equity. Rate of Return shall be calculated based on the following: (i) in the context of an Asset Sale, the distributions to the Shareholders resulting from the Asset Sale; (ii) in the context of a Public Offering, the amount that would be realized by the Shareholders if all Shareholders then sold their Common Stock and Class A Preferred Stock and Class B Preferred Stock and realized (A) for their Common Stock... the price per share at which Common Stock is sold in the Public Offering (before commissions but after other transaction expenses), and (B) for their Class A Preferred Stock or Class B Preferred Stock, its aggregate stated value plus all accrued and unpaid dividends; and (iii) in the context of a Stock Sale, the amount actually realized by the Shareholders in the Stock Sale, or the amount that would be realized if (A) all Shareholders were selling Common Stock at the same price per share of Common Stock as the selling Shareholders realize in the Stock Sale (before commissions but after other transaction expenses), and (B) all Shareholders were selling Class A Preferred Stock and Class B Preferred Stock. for its aggregate stated value plus all accrued and unpaid dividends. View More