FASB ASC Topic 718 definition
Examples of FASB ASC Topic 718 in a sentence
In furtherance of the foregoing, in the event of an equity restructuring, as defined in FASB ASC Topic 718, which affects the Shares, you shall have a legal right to an adjustment to your Performance Share Units which shall preserve without enlarging the value of the Performance Share Units, with the manner of such adjustment to be determined by the Committee in its discretion.
In the event of any equity restructuring (within the meaning of FASB ASC Topic 718 - Stock Compensation) that causes the per share value of Shares to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the Company shall make such adjustments as it deems equitable and appropriate to the number and kind of Shares subject to this Agreement.
In furtherance of this paragraph 10(b)(ii), each outstanding Restricted Stock Units shall be adjusted as provided herein in the event of an “equity restructuring” within the meaning of FASB ASC Topic 718.
Calculations and determinations must be made following GAAP (except for non-compliance with FASB ASC Topic 718 in the monthly reporting).
In the event of any equity restructuring (within the meaning of FASB ASC Topic 718 - Stock Compensation) that causes the per share value of Shares to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the Committee shall make such adjustments as it deems equitable and appropriate to (i) the number and kind of Shares or other securities subject to the Option, and (ii) the exercise price of the Option.
For purposes of this Agreement, the “Option Grant Date Value” of a stock option shall equal the grant date fair value determined in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification (FASB ASC) Topic 718, Compensation — Stock Compensation, employing the same assumptions and methodologies that are applied for purposes of the Company’s financial accounting statements.
The Termination Payment shall be an amount equal to two (2) multiplied by the sum of (i) the Executive’s Average Compensation and (ii) the aggregate grant date fair value of the most recent regular equity incentive award(s) granted to the Executive during the 365-day period ending prior to the date of the Change in Control of the Company, computed in accordance with FASB ASC Topic 718 or any successor provision thereto.
You may elect to deduct from any compensation or any other payment of any kind (including withholding the issuance of shares of Stock) due you the amount of any federal, state, local or foreign taxes required by law to be withheld as a result of the grant or vesting of the Award Shares in whole or in part up to the highest marginal tax rate required for such taxes; provided, however, that such withholding does not trigger liability accounting under FASB ASC Topic 718.
Calculations and determinations must be made following GAAP except for non-compliance with FASB ASC Topic 718.
For purposes of determining the value of the Executive’s target award that the Executive is eligible to earn under any Bonus Plan that provides for equity awards, valuation will be based on the financial accounting expense (under FASB ASC Topic 718 - Stock Compensation, or any successor thereto) of the bonus opportunity, assuming target levels of performance.