Fair Market Value of a Share means the closing sale price of the Shares on the Stock Exchange, or, if that measure of price is not available, in a national market system for securities on the date or dates as provided hereunder. In the event that the Shares are not listed on any such market or national securities or stock exchange, a valuation of the fair market value of a Share on such date shall be made by the Board in its sole discretion.
Fair Market Value of a Share means the amount determined to be the fair market value of a single Share by the Committee based upon the trading price of the Shares, their offering price in public and private offerings by the Company and such other factors as it deems relevant. In the absence of such a determination, the Fair Market Value of a Share shall be deemed to be (a) if the Shares are listed or admitted to trading on a national securities exchange or the NASDAQ - National Market System, the per Share closing price regular way on the principal national securities exchange or the NASDAQ - National Market System on which the Shares are listed or admitted to trading on the day prior to the date of determination or, if no closing price can be determined for the date of determination, the most recent date for which such price can reasonably be ascertained, or (b) if the Shares are not listed or admitted to trading on a national securities exchange or the NASDAQ - National Market System, the mean between the representative bid and asked per Share prices in the over-the-counter market at the closing of the day prior to the date of determination or the most recent such bid and asked prices then available, as reported by NASDAQ or if the Shares are not then quoted by NASDAQ as furnished by any market maker selected from time to time by the Company for that purpose.
Examples of Fair Market Value of a Share in a sentence
Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant.
Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant.
In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder, such price shall not be less than 110% of the Fair Market Value of a Share on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code).
Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date.
The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b).
More Definitions of Fair Market Value of a Share
Fair Market Value of a Share means:
Fair Market Value of a Share means the closing sale price of the Shares on the New York Stock Exchange or, if that measure of price is not available, in a national market system for securities on the day before the issue date or the day before the day on which any action is to be taken as herein provided. In the event that there are no sales of Shares on any such exchange or market on the issue date (or such other day as is specified herein), the fair market value of Shares on the day before the issue date or such other day on which any action is to be taken or any determination is to be made as herein provided shall be deemed to be the closing sale price on the next preceding day on which Shares were sold on any such exchange or market. In the event that the Shares are not listed on any such market or exchange on the applicable date, a valuation of the fair market value of a Share on such date shall be made by the Board in its sole discretion.
Fair Market Value of a Share means different things for different purposes. Please refer to the Plan document for the applicable definition.
Fair Market Value of a Share on a particular date, means:
Fair Market Value of a Share means the amount determined to be the fair market value of a single Share by the Committee based upon the trading price of the Shares, opinions of investment bankers and appraisers, formulas based upon the earnings, cash flow, or assets of the Company and such other factors as it deems relevant. In the absence of such a determination, the Fair Market Value of a Share shall be deemed to be (a) if there is a Public Market, the per Share closing price on the principal national securities exchange or the NASDAQ - Market on which the Shares are listed or admitted to trading on the day prior to the date of determination or, if no closing price can be determined for the date of determination, the most recent date for which, such price can reasonably be ascertained, or (b) if there is no Public Market and the Shares are quoted by one or more market makers, the mean between the representative bid and asked per Share prices in the over-the-counter market at the closing of the day prior to the date of determination or the most recent such bid and asked prices then available. Notwithstanding the foregoing, prior to the establishment of a Public Market for the Shares, the Fair Market Value of a Share shall be presumed to remain unchanged until such time as it is redetermined by the Committee.
Fair Market Value of a Share means the average of the closing prices of the sales of Buyer Common Stock on all securities exchanges on which Buyer Common Stock may at the time be listed, or, if there have been no sales on any such exchange on any day, the average of the highest bid and lowest asked prices on all such exchanges at the end of such day, or, if on any day Buyer Common Stock are not so listed, the average of the representative bid and asked prices quoted in the NASDAQ System as of 4:00 P.M., New York time, or, if on any day Buyer Common Stock are not quoted in the NASDAQ System, the average of the highest bid and lowest asked prices on such day in the domestic over-the-counter market as reported by the National Quotation Bureau Incorporated, or any similar successor organization, in each such case averaged over a period of 180 trading days consisting of the trading day as of which the Fair Market Value of a Share is being determined and the 180 consecutive trading days prior to such day. All Shares issued herein will be subject to Rule 144 promulgated under the Securities Act of 1933, as amended.