Grant Date Fair Market Value means, as of a Date of Grant, (i) if the Common Stock is listed on a national securities exchange, the closing sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date, or, if there are no such sales on that date, then on the last preceding date on which such sales were reported; (ii) if the Common Stock is not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last-sale basis, the average between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last preceding date on which a sale was reported; or (iii) if the Common Stock is not listed on a national securities exchange or quoted in an inter-dealer quotation system on a last-sale basis, the amount determined by the Committee in good faith to be the fair market value of the Common Stock; provided, however, as to any Awards granted on or with a Date of Grant of the date of the pricing of the Company’s initial public offering, “Grant Date Fair Market Value” shall be equal to the per share price at which the Common Stock is offered to the public in connection with such initial public offering.
Grant Date Fair Market Value means, as of any date, the value of a share of Common Stock determined as follows: (i) the closing sale price per share of Common Stock as reported on the New York Stock Exchange—Composite Transactions or the principal exchange on which shares are then trading, if any, or if there are no sales on such day, on the next preceding trading day during which a sale occurred; and (ii) in the absence of such markets for the shares of Common Stock, the Grant Date Fair Market Value shall be determined by the Committee in good faith (which determination shall, to the extent applicable, be made in a manner that complies with Section 409A), and such determination shall be conclusive and binding for all purposes.
Grant Date Fair Market Value means the average of the high and low prices of publicly traded Shares on the national exchange on which the Shares are listed on the date on which the Restricted Units are granted.
Examples of Grant Date Fair Market Value in a sentence
The SAR Base Price for each SAR shall not be less than 100% of the Grant Date Fair Market Value of such Share.
The exercise price (“Exercise Price”) per Share for each Option shall not be less than 100% of the Grant Date Fair Market Value of such Share.
More Definitions of Grant Date Fair Market Value
Grant Date Fair Market Value means the Fair Market Value of a Unit as of the Grant Date.
Grant Date Fair Market Value means the average closing price of the Common Stock as reported by the Applicable Exchange for the 20 trading days ending on the Grant Date.
Grant Date Fair Market Value means, as of a Date of Grant, (i) if the Common Stock is listed on a national securities exchange, the closing sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date, or, if there are no such sales on that date, then on the last preceding date on which such sales were reported; (ii) if the Common Stock is not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last-sale basis,
Grant Date Fair Market Value of an Awarded Share means, (i) if the grant is made during a Black-Out Period, the volume weighted average trading price of the Shares on the Principal Market for the five Trading Day period following the last day of such Black-Out Period or (ii) if the grant is made outside a Black-Out Period, the volume weighted average trading price of the Shares on the Principal Market for the five Trading Day period ending on the last Trading Day before the day on which the Award is granted. However, that to the extent the foregoing definition does not expressly comply with U.S. laws and compliance with U.S. laws is required with respect to an Award, for purposes of that Award only, “Grant Date Fair Market Value” will mean the closing sales price for such Shares as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Shares) on the Business Day prior to the date of determination, as reported in a source the Board deems reliable, or if no such price exists, a value determined by the Board in good faith and in a manner that complies with the applicable U.S. law;
Grant Date Fair Market Value means, as of a Date of Grant, (i) if the Common Stock is listed on a national securities exchange, the closing sales price of the Common Stock reported on the primary
Grant Date Fair Market Value means, as of a Date of Grant, (i) if the Common Stock is listed on a national
Grant Date Fair Market Value means, as of a Date of Grant, (i) if the Shares are listed on a national securities exchange, the closing sales price of the Shares reported on the primary exchange on which the Shares are listed and traded on such date, or, if there are no such sales on that date, then on the last preceding date on which such sales were reported; (ii) if the Shares are not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last sale basis, the average between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last preceding date on which a sale was reported; or (iii) if the Shares are not listed on a national securities exchange or quoted in an inter-dealer quotation system on a last sale basis, the amount determined by the Committee acting in good faith, under a reasonable methodology and reasonable application in compliance with Section 409A of the Code to the extent such determination is necessary for Awards under the Plan to comply with, or be exempt from, Section 409A of the Code.