Base Value. The Base Value of each Phantom Stock Unit shall be $ , which has been determined to be not less than the Fair Market Value of a Share at the date of grant of the Phantom Stock Units. For all purposes of this Agreement, Fair Market Value of a Share shall be determined in accordance with the provisions of the Plan.
Appears in 2 contracts
Sources: Phantom Stock Unit Agreement (Lone Pine Resources Inc.), Phantom Stock Unit Agreement (Lone Pine Resources Inc.)