ESAR Price definition
ESAR Price means the base price determined on the Grant Date by the Committee as per the provisions of Sub-clause 8.1 of this Plan with reference to which Appreciation shall be computed.
ESAR Price means the volume weighted average price (VWAP) during the thirty calendar days immediately prior to the date of grant of the Shares quoted on the recognized stock exchange, on which the Shares of the Company are listed, having higher trading volume.