MEDIAN POINT VALUE (OR MPV) definition

MEDIAN POINT VALUE (OR MPV) means: During any fiscal quarter, the median dollar value of single unit of Points in the entire Redemption Catalog of an In-house Program or a Third Party Program. It is calculated using the approximate retail value of items, services, or benefits in the Redemption Catalog, divided by the number of Points required to redeem such items. (For example, the [*] costs [*] MyPoints, and the dollar value is [*], which means that for this item, the value of a MyPoint is [*]). The MPV will be calculated by calculating this value for each item in the catalog, and taking the median of the values. MPV will be determined based on catalog dollar values in effect 30 calendar days before the close of each fiscal Quarter, provided, however, that MyPo▇▇▇▇.▇▇▇ ▇▇▇ll not alter the Redemption Catalog in such a manner that such MPV is materially different from the MPV in the immediately preceding or subsequent week.
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Related to MEDIAN POINT VALUE (OR MPV)

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  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.