Opening Price Clause Samples
The Opening Price clause defines the initial price at which a transaction, such as the sale of goods or securities, will commence. This clause typically specifies how the opening price is determined, whether by reference to a market rate, a fixed amount, or through a mutually agreed formula. By clearly establishing the starting price, the clause ensures both parties have a shared understanding of the transaction's financial basis, thereby reducing the risk of disputes and providing a transparent foundation for further negotiations or adjustments.
Opening Price. No adjustments to TSR shall be made for stock issuances or stock buybacks during the Performance Period. Each company’s TSR shall be calculated in the local currency to eliminate foreign exchange fluctuations. The Performance Goal for 50% of the PSUs shall be the Company’s three-year TSR percentile rank versus the S&P 500. For this portion of the award, each PSU shall, subject to the vesting provisions set forth in the Agreement and the Payout Governor, entitle the Grantee to receive Shares based on the levels of achievement in the following table. ≥85th Percentile 200% 67.5th Percentile 150% 50th Percentile 100% 25th Percentile 50% 15th Percentile 30% For levels of achievement between points, the resulting Shares earned will be calculated based on straight-line interpolation. The resulting shares earned will be subject to the 250% Price Cap. If the Nasdaq stock price grows greater than 250% over the Performance Period, the resulting number of shares will be fewer than 200% of target shares. For example: (formulaic resulting shares earned X 250% Price Cap) / (stock price at time of delivery of shares) = resulting actual shares earned.
Opening Price. By 1 June each Season the Company will set an opening price in its sole discretion after reviewing market conditions and pricing in the Southern Australian milk pool. This price will apply from July to December.
Opening Price. No adjustments to TSR shall be made for stock issuances or stock buybacks during the Performance Period, except for those undertaken by the Company, in which case any adjustments shall be at the reasonable discretion of the Committee. Each S&P 500 company’s TSR shall be calculated in the local currency to eliminate foreign exchange fluctuations.
Opening Price. 3.1. UDC Minimum Milk Price – UDC will announce its Minimum Milk Price for each season before commencement of each season (and by no later than 1st June). This will vary farm to farm depending on a farms milk curve, quality and components. This amount will be set by UDC, in its sole discretion, having regard to the following principles:
(a) ensuring a Minimum Milk Price to Suppliers - in which the Supplier will need to determine what this means for them. Incentives apply as per pricing schedule;
(b) considering prevailing market conditions for dairy products, manufacturing costs and the Australian dollar.
Opening Price. No adjustments to TSR shall be made for stock issuances or stock buybacks during the Performance Period. Each company’s TSR shall be calculated in the local currency to eliminate foreign exchange fluctuations. Goal 1: TSR Performance Relative to the S&P 500 The Performance Goal for 50% of the PSUs shall be the Company’s three-year TSR percentile rank versus the S&P 500. For this portion of the award, each PSU shall, subject to the vesting provisions set forth in the Agreement and the Payout Governor, entitle the Grantee to receive Shares based on the levels of achievement in the following table. Table 1: Levels of Achievement Percentile Rank of the Company’s Three-Year TSR Versus the S&P 500 Resulting Shares Earned (% of Half of Target) ≥85th Percentile 200% 67.5th Percentile 150% 50th Percentile 100% 25th Percentile 50% 15th Percentile 30% 0 Percentile 0% For levels of achievement between points, the resulting Shares earned will be calculated based on straight-line interpolation. The resulting shares earned will be subject to the 250% Price Cap. If the Nasdaq stock price grows greater than 250% over the Performance Period, the resulting number of shares will be fewer than 200% of target shares. For example: (formulaic resulting shares earned X 250% Price Cap) / (stock price at time of delivery of shares) = resulting actual shares earned.
Opening Price. By the 1st of June for the milk year commencing 1st July of the supply year, ▇▇▇▇▇▇ will announce the Opening Price for the year for all suppliers in the Southern Milk Region. The Opening Price provides a minimum monthly price for butterfat and protein across the year and is based on the supply of premium quality milk. Beston will pay for butterfat and protein at a ratio of 1:2.2 which is reflected in all milk pricing components in this Handbook.
Opening Price. As Set Forth in the Table Below
Opening Price. If the Potential Opening Price is at or within the Boundary Prices, the Potential Opening Price becomes the Opening Price. If the Potential Opening Price is not at or within the Boundary Prices, the Opening Price will be the price closest to the Potential Opening Price that satisfies the maximum quantity criteria without leaving unexecuted contracts on the bid or offer side of the market at that price and is at or within the Boundary Prices. If the bid Boundary Price is higher than the offer Boundary Price, or if no valid Opening Price can be found at or within the Boundary Prices, there will be no trade in the Complex Opening Price Determination and the complex strategy will open pursuant to the Complex Uncrossing Process described in Supplementary Material .06(b) to this Rule.