Value of Restricted Stock. No representations or promises are made to Recipient regarding the value of the Restricted Stock or the business prospects of Eclipsys or any Affiliate. Recipient acknowledges that information about investment in Eclipsys stock, including financial information and related risks, is contained in Eclipsys’s SEC reports on Form 10-Q and Form 10-K, which have been made available from Eclipsys’s Human Resources department and/or on Eclipsys’s internal web site for Recipient’s review at any time before Recipient’s acceptance of this Agreement or at any time during Recipient’s employment or service. Further, Recipient understands that Eclipsys and its Affiliates and their respective employees, counsel and other representatives do not provide tax or investment advice and acknowledges Eclipsys’s recommendation that Recipient consult with independent specialists regarding such matters. Sale or other transfer of Eclipsys stock may be limited by and subject to policies of Eclipsys or its Affiliates as well as applicable securities laws and regulations.
Value of Restricted Stock. The initial value of each share of the Restricted Stock shall be equal to the closing sale price per share of the Common Stock on the New York Stock Exchange on the date preceding the Grant Date of the Restricted Stock.
Value of Restricted Stock. All shares of Restricted Stock then outstanding shall be immediately forfeited and shall revert to the Company as treasury shares and, in lieu thereof, each Participant shall receive a cash payment equal to the Value of the Restricted Stock (as hereinafter defined); provided, however, that if the Participant is a Reporting Person at the time of the Change in Control of Xxxxxx-Xxxxxxx, the provisions of clause (ii) shall govern the rights and privileges of such Participant.
Value of Restricted Stock. Participant acknowledges that the value of each share of Restricted Stock granted under this Agreement is not predetermined, fixed, permanent or otherwise set, specified or guaranteed whatsoever. On the Vesting Dates and each subsequent date thereafter, the value of such shares that fully vest and become unrestricted shall equal the Fair Market Value of the Common Stock of the Company on the respective date. Participant acknowledges that the Fair Market Value of such shares may fluctuate and vary according to market conditions and other factors. The term “Fair Market Value” means the closing trading price of one share of Common Stock on the NASDAQ Global Select MarketSM securities exchange, as published by the Wall Street Journal for the date in question.
Value of Restricted Stock. The value of each share of the Restricted Stock shall be equal to $________, which price equals the closing sale price per share of the Common Stock on the New York Stock Exchange on __________, the date prior to the Grant Date of the Restricted Stock.
