Initial Value definition
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 has the meaning set forth in Section 1.76(a).
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
For purposes of determining the Adjusted Principal Balance of any Eligible Collateral Asset with respect to which a Collateral Asset Trigger Event has occurred, the Adjusted Principal Balance of such Eligible Collateral Asset shall be deemed to be the lesser of (A) its Initial Value and (B) its Current Market Value as of the date of such Material Modification.
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, in respect of an Underlying and subject to the Adjustment Provisions, the Reference Value in respect of such Underlying determined with respect to the Strike Date.
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 means, in respect of an Underlying, the closing level of such Underlying on 18 October 2024 (or, if such day is not a scheduled trading day, the next following scheduled trading day).
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.