Initial Price Per Share definition

Initial Price Per Share is the beginning per share value of the Phantom Stock, which is $10.00.

Initial Price Per Share means the VWAP per Common Share for the 30 consecutive trading days on the principal exchange on which such shares are then traded immediately following the Distribution Date.

Initial Price Per Share or basis is the Book Value at the date of issuance of each Phantom Stock Appreciation Right grant. For the first Plan Year, the Initial Price Per Share is equal to the Book Value Per Share as determined as of December 31, 2014. For any subsequent awards, the Initial Price Per Share will be equal to the Book Value Per Share as determined on the last day of the Plan Year prior to the award date. THE NATIONAL UNION BANK OF KINDERHOOK Phantom Stock Appreciation Rights Agreement

Examples of Initial Price Per Share in a sentence

• On December 31st of each Plan Year and immediately prior to the distribution of any benefits and subsequent to any awards, the Phantom Stock Appreciation Rights Account value is determined by the Current Adjusted Price Per Share in excess of the Initial Price Per Share multiplied by the number of awards in Article 2.

• The Initial Price Per Share shall be subject to adjustment to reflect any merger, consolidation, reorganization, recapitalization, reincorporation, stock split, stock dividend or other similar change in capitalization.

• The Initial Price Per Share, as set forth above, is equal to or above the current exercise price of the warrants issued by the Company on April 2, 2019 (the “Warrants”) and, accordingly, will not trigger the anti-dilution provisions thereof.

• The Tokyo Atacama Observatory group, ACT and the Chajnantor Test Facility of the California Institute of Technology answered the questionnaire submitted by the Roadmap Working Group to the observatories (see Appendix E).

• On October 31 of each Plan Year, the value of the Phantom Stock Option Account is determined by multiplying the Phantom Stock Option Allocation by the difference between the Initial Price Per Share and the Current Adjusted Price Per Share, as defined below.

More Definitions of Initial Price Per Share

Initial Price Per Share is the beginning per share value of the Phantom Stock, which is $10.00 for the options issued on ___________ __, ____, and $______ for the options issued on _________ __, ____.

Initial Price Per Share or basis is the Book Value at the date of issuance. For the first plan year, the Initial Price Per Share is Ten Dollars and Sixty Six Cents ($10.66).

Initial Price Per Share is the Book Value Per Share on the first day of the Plan Year for which a Phantom Stock award is credited to the Executive’s Phantom Stock Account. Notwithstanding the foregoing, the Initial Price Per Share for the Initial Phantom Stock Award under 2.1 is eleven dollars and fifty two cents ($11.52) unadjusted for the 3/2 stock split on March 1, 2004.

Initial Price Per Share means the Initial Merger Consideration divided by the Fully Diluted Shares.

Initial Price Per Share means the Purchase Price divided by the number of Initial Shares.

Initial Price Per Share or basis is the Book Value at the date of issuance.

Initial Price Per Share means a price of (a) Five Dollars ($5.00) per share of Common Stock, if the average closing price of the Company's Common Stock on the NASDAQ for the ten (10) Trading Days immediately preceding the Closing Date is equal to, or greater than, Five Dollars ($5.00) per share, or (b) Four Dollars and Fifty Cents ($4.50) per share of Common Stock, if the average closing price of the Company's Common Stock on the NASDAQ for the ten (10) Trading Days immediately preceding the Closing Date is less than Five Dollars ($5.00) per share.