Method of Valuation. For all purposes under this Agreement, the fair market value of shares of Bank Mutual’s stock shall be the average of the high and low sales prices for the shares in the over-the-counter market on the valuation date, as reported by NASDAQ (the National Association of Securities Dealers, Inc. Automatic Quotation System). In the absence of any reported sales on NASDAQ on any trading date, fair market value shall be the average of the reported closing bid and asked prices for the stock on NASDAQ on such date.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Bank Mutual Corp), Incentive Stock Option Agreement (Bank Mutual Corp), Director Stock Option Agreement (Bank Mutual Corp)
