Initial Fair Market Value means the average of the closing values on the Registration Date and on each of the next four trading days immediately following the Registration Date, as reported on the principal exchange or automated quotation system on which the Common Stock is traded or reported. “Adjusted Per Share Purchase Price” shall mean the $5,000 purchase price per share of Common Stock, appropriately adjusted to reflect any stock split or share combination involving the Common Stock, any recapitalization of the Company, any adjustment pursuant to Section 4.3(b) of the Stockholders Agreement, or any merger, consolidation, reorganization or similar corporate event involving the Company occurring on or after the Commencement Date and on or before the Registration Date. The Supplemental Restricted Share Units shall vest in three equal annual installments on the first three anniversaries of the Registration Date, so long as (with respect to each installment) Executive is continuously employed by the Company through the applicable anniversary date. Notwithstanding the foregoing, no Supplemental Restricted Share Units shall become vested on any such anniversary date if, on such date, the average of the closing prices of a share of Common Stock on the principal trading market on which such shares are traded or reported for the 20 trading day period ended on such date (or, if such date is not a business day, the 20 trading day period ended on the last trading day occurring immediately prior thereto) does not exceed the Initial Fair Market Value (the “Minimum Value Requirement”). In the event that the Minimum Value Requirement is not satisfied on any applicable anniversary date, the Supplemental Restricted Share Units that would otherwise have vested on such anniversary date shall vest on any subsequent anniversary date or on any date after the third anniversary date (treating each such date as an anniversary date for purposes of the 20 day trading measurement period) on which both Executive is still an employee of the Company and the Minimum Value Requirement is satisfied; provided that any such Supplemental Restricted Share Units that have not become vested on or before the fifth anniversary of the grant date shall be forfeited. The shares of Common Stock corresponding to any vested Supplemental Restricted Share Units, if any, shall be distributed to Executive as soon as practicable, but not later than five (5) business days following the earlier to occur of (i) the fifth anniversary ...
Initial Fair Market Value means, with respect to all Eligible Portfolio Assets, the greater of (x) Fair Market Value of such Eligible Portfolio Assets (in the aggregate) as of the Closing Date, for Portfolio Assets owned on the Closing Date (or, with respect to Eligible Portfolio Assets acquired by the Borrower after the Closing Date, the date on which the Borrower acquired such Eligible Portfolio Asset, and (y) Fair Market Value of such Eligible Portfolio Assets (in the aggregate) as of the most recent Credit Extension.
Initial Fair Market Value means the closing price on the first day of regular way trading of the Common Stock (the “Pricing Date”), as reported on the New York Stock Exchange. Further, all references in the Employment Agreement and Exhibit A thereto to the “fourth trading day following the Registration Date” shall be amended to refer instead to the Pricing Date such that the Basic Restricted Shares, the Supplemental Restricted Share Units and the Option shall be granted to you on the Pricing Date.
Examples of Initial Fair Market Value in a sentence
The exercise price per share with respect to the Option shall be equal to the Initial Fair Market Value.
Year in Which Anniversary Date Falls Percentage of Initial Fair Market Value 2006 48.71392% 2007 58.45670 % In any event, the Annuity Amount for any year shall be paid not later than 105 days after the scheduled payment date for such year as hereinabove provided.
Vested SARs may be exercised provided there has been an appreciation in the market price of the common shares from the Initial Fair Market Value on the grant date and payouts are settled in cash as vested SARs are exercised.
The Initial Fair Market Value as defined in the SAR plan is determined based on the closing price of the common shares of the Company on the date of grant.
Final Fair Market Value Notice - NOTE: If the appraisal comes in higher than the offered price on the Initial Fair Market Value Notice, the seller must acknowledge that they have been notified and are still committed to proceeding with the sale of the property.
More Definitions of Initial Fair Market Value
Initial Fair Market Value with respect to any Item of Equipment, means the amount identified as the fair market value of such Item on the Appraisal delivered to Lessor in accordance with Section 3.1(o) of the Participation Agreement.
Initial Fair Market Value means the sales price that the Developer could receive for an Affordable Unit if the City did not restrict the amount that the Developer may receive to the Affordable Ownership Price. The City may, at its option, require that the Initial Fair Market Value be established through an appraisal by an MAI or other qualified appraiser.
Initial Fair Market Value means the average of the closing values on the Registration Date and on each of the next four trading days immediately following the Registration Date, as reported on the principal exchange or automated quotation system on which the Common Stock is traded or
Initial Fair Market Value initially shall be twenty-seven and 17/100 dollars ($27.17) per Unit or CPJ Share. The Initial Fair Market Value of such Unit or CPJ Share shall be adjusted appropriately by the Board of Directors of CPJ to take into account any of the following to the extent occurring after the date hereof: any stock/unit split, stock/unit dividend or other similar adjustment to the capital structure of Chateau OP or CPJ. If CPJ or Chateau OP shall be a party to any transaction (including without limitation a merger, consolidation, statutory share exchange, self tender offer for all or substantially all of the Covered Securities, sale of all or substantially all of the assets of CPJ or Chateau OP or recapitalization of the Covered Securities) (each of the foregoing being referred to herein as a "Transaction"), in each case as a result of which all or substantially all of such Covered Securities are converted into the right to receive stock, securities or other property (including cash or any combination thereof) of another Person (collectively, "Successor Property") then, for purposes of the Agreement, the aggregate Initial Fair Market Value of such Successor Property shall be the aggregate Initial Fair Market Value of the relevant Covered Securities immediately prior to such conversion, which if the context permits, shall be expressed on an appropriate per unit or per share basis. The preceding sentence shall similarly apply to successive Transactions. "Jun. 99 $0.5m Note" - see Preamble.
Initial Fair Market Value means the value per share assigned to the Common Stock, which value shall be based on the mid-point total reorganized value of the Common Stock established by Rothschild Inc., which is $10.00 per share.(1)
Initial Fair Market Value means the value of any of Company Interests which are equity securities determined by an appraiser appointed as provided in this Agreement utilizing the following principles, and adjusted as provided below. Such appraiser shall render his or her conclusion of the fair market value of the issuer of each such Company Interest on a willing buyer-willing seller basis, both being reasonably and commercially motivated to buy or sell, but neither being under any compulsion to buy or sell, each having reasonable knowledge of the relevant facts, and taking into account assets which may not appear on the issuer's balance sheet (including but not limited to going concern value and goodwill). The appraiser shall then derive the "Initial Fair Market Value" of any such Company Interest by multiplying (a) the fair market value of the issuer of such Company Interest, by (b) the percentage of the equity securities of such issuer represented by the Investor's equity in such issuer. The Initial Fair Market Value shall be the aggregate of the individual Initial Fair Market Values of all Company Interests which are to be transferred.
Initial Fair Market Value means the Fair Market Value assigned to a share of Common Stock underlying the SAR as of the Date of Award.