Initial Base Value definition
Examples of Initial Base Value in a sentence
Upon presentment to the Company by the Grantee of a calculation of the 83(b) Cost, in form and substance reasonably satisfactory to the Company, an amount of Restricted Shares having a value (based on the Initial Base Value per share, without giving effect to any adjustments contemplated by the parenthetical statement in the definition of “Initial Base Value”) equal to the 83(b) Cost shall vest, which vesting shall be effective as of the date of the Grant Date.
In the event that vested SARs are exercised by the Grantee subsequent to a Termination Event, the Grantee shall be entitled to receive from the Company an amount equal to the excess of (x) the Fair Market Value of one Share on the Termination Date over (y) the Initial Base Value per Share.
For each vested SAR the Grantee is entitled to receive from the Company an amount equal to the excess of (x) the Fair Market Value (as defined below) of one Share on the date of the Notice of Exercise (as defined below) over (y) the Initial Base Value per Share.
Initial Current Market Value Appraisals and Initial Base Value Appraisals in respect of each Initial Financed Aircraft.