Initial Value has the meaning set forth in Section 1.76(a).
Initial Value means the net asset value of one unit or share of an investment fund at the beginning of the performance measurement period; and
Initial Value means, with respect to a Corresponding SAR, the option price per share of the related Option and, with respect to an SAR granted independently of an Option, the price per share of Common Stock as determined by the Committee on the date of grant; provided, however, that the price shall not be less than the Fair Market Value on the date of grant. Except as provided in Article XII, without the approval of stockholders (a) the Initial Value of an outstanding SAR may not be reduced (by amendment, cancellation and new grant or otherwise) and (b) no payment shall be made in cancellation of an SAR if, on the date of such amendment, cancellation, new grant or payment the Initial Value exceeds Fair Market Value.
Examples of Initial Value in a sentence
Unless otherwise determined by the Committee, with respect to a Participant subject to Section 16 of the Exchange Act, the withholding of Shares by the Company or any of its Affiliates to satisfy tax, Option Price or Initial Value, as applicable, or other withholding obligation in respect of an Award shall be mandatory.
More Definitions of Initial Value
Initial Value means, with respect to an SAR, the Fair Market Value of one share of Common Stock on the date of grant, as set forth in an Agreement.
Initial Value means, with respect to a Corresponding SAR, the Option Price per share of the related Option, and with respect to an SAR granted independently of an Option, the Fair Market Value of one share of Common Stock on the date of grant.
Initial Value means the value of a Phantom Share as specified by the Committee as of the Date of Grant or the Value of a Phantom Share calculated as of the Date of Grant or such earlier date as the Committee may determine.
Initial Value means the price of the relevant Reference Share on the date of issuance of the Deposits. “Reference Share” means a share or other equity security comprising the Reference Portfolio.
Initial Value. As defined in Section 3.16(b) hereof.
Initial Value means, with respect to a Corresponding SAR, the option price per share of the related Option and, with respect to an SAR granted independently of an Option, the price per share of Common Stock as determined by the Board on the date of the grant; provided, however, that the price per share of Common Stock encompassed by the grant if an SAR shall not be less than Fair Market Value on the date of grant. Repricing of SARs after the date of grant is not permitted.
Initial Value means any of the Reference Share Prices used in the calculation of a Reference Share Return for the purpose of calculating the Reference Portfolio Return.