IUMV definition
IUMV means what would have been the market value of ▇▇▇▇’▇ Interest at the time of acquisition but for any restrictions and shall be construed in accordance with section 428 of ITEPA; (iii) “earnings” shall have the meaning set forth in section 62 of ITEPA; and (iv) “Interest” shall mean the interest acquired by ▇▇▇▇ in the Management Group on December 21, 2006, or, in the event that H. M. Revenue & Customs determines that any of the Shares owned by Management Group constitute “employment-related securities” acquired by reason of an employment of ▇▇▇▇, such Shares