Unvested Value definition
Unvested Value means (i) for Existing Equity which is unvested restricted stock or similar awards, (A) if being measured at the time of the Change in Control, the Fair Market Value (as defined below) on the date of the Change in Control (determined as if the shares were fully vested and not subject to forfeiture), adjusted for the consideration to be received in the Change in Control in the same manner that the stock of AIPC stockholders generally is adjusted, if applicable (the “Adjusted Fair Market Value”), or, (B) if being measured on the date of the Executive’s termination, the Fair Market Value of the Existing Equity which is unvested restricted stock of the successor company in the Change in Control on the date of termination (determined as if the shares were fully vested and not subject to forfeiture); and (ii) for Existing Equity which is stock options, stock appreciation rights or similar awards, (A) if being measured at the time of the Change in Control, the difference between the exercise price of such award immediately following the Change in Control and the Adjusted Fair Market Value on the date of the Change in Control multiplied by the number of shares of stock for which such award could have been exercised immediately following the Change in Control if such Existing Equity had been fully vested and exercisable, or, (B) if being measured on the date of the Executive’s termination, the difference between the exercise price of such award upon termination and the Fair Market Value of the stock of the successor company in the Change in Control for which such award may be exercised on the termination date multiplied by the number of shares of the stock for which such award may be exercised.