Theoretical Value definition

Theoretical Value means the value calculated using the Black Scholes valuation model, where intrinsic value, if any, is added to 75% of the difference between full Theoretical Value and intrinsic value, and (1) the interest rate used will be tied to the yield of closest matching duration U.S. Treasury issue; and (2) the volatility figure used will be either (A) if the Company has listed options (as it currently does), the volatility associated with those listed options, as implied by the average price (using the midpoint between the bid and the ask prices) of the relevant options (based on closest duration and strike price) during the three (3) consecutive Trading Days immediately prior to the Announcement Date; or (B) if the Company does not have listed options, the thirty (30) day historical volatility of the Company’s Common Stock calculated by Bloomberg L.P. (or a similar source selected by the Holder and the Company) ending on the Trading Day immediately prior to the Announcement Date.
View Source

Examples of Theoretical Value in a sentence

  • On or before March 31, 1990, Code Acquisition shall distribute to the Shareholders cash and Code-Alarm Common Stock, in accordance with Section 3.7, with a value equal to 25 percent of the increase, if any, of the Theoretical Value for the 6 months ended December 31, 1989 over the Theoretical Value for the year ended July 1, 1989.

  • The monthly payment in royalty fees shall be approximately Thirty Thousand U.S. Dollars (S30,000.00) contingent upon Buyer's monthly profits, as more fully explained below, 1 Note: The initial value of the Inventions and Patent in the amount of Five Hundred Thirty Thousand Five Hundred and Sixty U.S. Dollars (S530,560.00) has been valued using the Theoretical Value Method.

  • The Theoretical Value shall be determined by multiplying the Actual Earnings of Tessco, or Code Acquisition as applicable, by the Applicable Valuation Factor.

  • On or before March 31, 1992, Code Acquisition shall distribute to the Shareholders cash and Code-Alarm Common Stock, in accordance with Section 3.7, with a value equal to 12.5 percent of the increase, if any, of the Theoretical Value for the year ended December 31, 1991 over the greater of (i) the Theoretical Value for the year ended December 31, 1990; (ii) the Theoretical Value for the six months ended December 31, 1989; or (iii) the Theoretical Value for the year ended July 1, 1989.

  • On or before March 31, 1991, Code Acquisition shall distribute to the Shareholders cash and Code-Alarm Common Stock, in accordance with Section 3.7, with a value equal to 37.5 percent of the increase, if any, of the Theoretical Value for the year ended December 31, 1990 over the greater of: (i) the Theoretical Value for the six months ended December 31, 1989 or (ii) the Theoretical Value for the year ended July 1, 1989.