Examples of Formula Value in a sentence
The term "Fair Market Value" as it relates to Formula Value Stock will mean the value determined by the Committee.
Shares of stock issued under the Plan may be in whole or in part authorized and unissued or treasury shares of the Corporation's common stock, par value $1.00 ("Common Stock"), or "Formula Value Stock" as defined in Section 8.12(d) (Common Stock and Formula Value Stock severally and collectively referred to in the Plan as "Stock").
Shares of stock issued under the Plan may be in whole or in part authorized and unissued or treasury shares of the Corporation's Class A Common Stock, par value $0.01 per share ("Common Stock"), or "Formula Value Stock" as defined in Section 8.12(d) (Common Stock and Formula Value Stock severally and collectively referred to in the Plan as "Stock").
Formula: Value = Unit x Unit Cost x Overhead Factor Note: Numeric values reported for Value must be greater than or equal to zero.Notes:▪ The result is adjusted by area cost and inflation, as appropriate.▪ For leased and otherwise managed property, Unit should be based on the area as specified in the lease agreement.▪ Overhead Factor includes other costs that are associated with construction, such as planning and design, historic factor, supervision, inspection, and other overhead costs.
The Independent Accountant shall determine the Base Cost, Company Value, Formula Value or Operating Profit of the Company within 30 days after its appointment and shall be instructed to deliver to the Company and the Executive a written report of its determination of the amount of such Base Cost, Company Value, Formula Value or Operating Profit.