Common use of Initial Value Clause in Contracts

Initial Value. The Initial Value of the Share Units shall be as follows: a. Seventy-Five Thousand Share Units shall be valued at $2.25 each; and b. Seventy-Five Thousand Share Units shall be valued at $3.00 each.

Appears in 2 contracts

Sources: Stock Appreciation Rights Agreement (Gibraltar Packaging Group Inc), Stock Appreciation Rights Agreement (Gibraltar Packaging Group Inc)