Common use of Valuation Methodologies Clause in Contracts

Valuation Methodologies. As used herein, the “Deemed Value” of any stock options shall be as determined by the Committee on the grant date in accordance with the City National Valuation Methodology for Option Awards in effect on such grant date and the “Deemed Value” of any restricted stock or restricted stock unit award shall be the Fair Market Value (as defined in the Current Plan) of the Parent Corporation’s common stock, $1.00 par value per share, on the grant date. The City National Valuation Methodology for Option Awards in effect as of the date hereof is attached hereto as Appendix B. The City National Valuation Methodology for Option Awards may be changed from time to time by the Committee, in its sole discretion, provided that no such change will apply to stock options granted to Xxxxxxxxx unless such change generally applies to stock options granted to other corporate officers who are members of the Employer’s Executive Committee and Strategy and Planning Committee.

Valuation Methodologies. As used herein, the “Deemed Value” of any stock options Stock Options shall be as determined by the Committee on the grant date in accordance with the City National Valuation Methodology for Option Awards in effect on such grant date and the “Deemed Value” of any restricted stock or restricted stock unit award shall be the Fair Market Value (as defined in the Current Plan) of the Parent Corporation’s common stock, $1.00 par value per share, on the grant date. The City National Valuation Methodology for Option Awards in effect as of the date hereof is attached hereto as Appendix B. The City National Valuation Methodology for Option Awards may be changed from time to time by the Committee, in its sole discretion, provided that no such change will apply to stock options Stock Options granted to Xxxxxxxxx unless such change generally applies to stock options Stock Options granted to other corporate officers who are members of the Employer’s Executive Committee and Strategy and Planning Committee.