Common use of Share Value Clause in Contracts

Share Value. a. The value of each share within an award pool is not fixed; rather, it is determined by the total amount of awards funding in the pool divided by the total number of shares distributed within the pool. b. The more shares that are distributed within the pool, the lower the value of each individual share; conversely, the fewer shares that are distributed within the pool, the higher the value of each individual share.

Appears in 2 contracts

Sources: Master Labor Agreement, Master Labor Agreement