Vested Value definition

Vested Value means: (i) with regard to Shares of closed-end funds, the number of vested Shares multiplied by the closing price per share of the applicable fund on the primary stock exchange or NASDAQ stock market, as applicable, on which such fund then trades on the date the underlying Units vested (or, if such date is not a trading day, on the last trading day prior to such date), less any required tax or other withholding; or (ii) with regard to non-closed end funds, the aggregate Net Asset Value (as defined below) of the Shares on the date the underlying Units vested, less any required tax or other withholding obligations.

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Vested Value means the value of the Participant’s applicable Account, as adjusted in the case of the Employer Contribution Account to reflect only the Participant’s Vested Interest in such account.

Vested Value of any stock option grant shall be equal to: (i) the excess of) (y) the average closing price of Company stock on the twenty (20) trading days immediately preceding the Maturity Date over (z) the exercise price of the respect grant, multiplied by (ii) the number of shares of the respective grant that are then vested; provided that the Vested Value of any options that have been exercised shall be equal to the excess of the closing price (as of the date of exercise) of Company common stock obtained as a result of such exercise over the exercise price thereof.

Examples of Vested Value in a sentence

• The total value (the “Earned Amount”) owed to you in connection with this Agreement will be determined by multiplying the number of Performance Units by the Vested Value.

• The Vested Value (as defined in the Restricted Stock Agreement) of the shares of Restricted Stock vesting pursuant to this Section 4.3 shall be delivered to Executive in the manner provided in Section 2.2 of the Restricted Stock Agreement within ten (10) days of Executive’s Date of Termination, using Executive’s Date of Termination as the date for determining the Vested Value.

• The Vested Value (as defined in the performance-based Restricted Stock Award Agreement) of the shares of Restricted Stock vesting pursuant to this Section 4.4 shall be delivered to Executive in the manner provided in the Restricted Stock Award Agreement within ten (10) days of the vesting date, using the vesting date as the date for determining the Vested Value.

• Anything in this Agreement or the Value Appreciation Plan to the contrary notwithstanding, if such termination occurs during the first thirty-six (36) months of the Term, Executive shall forfeit the Time Vested Value Appreciation Award.

• The Vested Value (as defined in the performance-based Restricted Stock Agreement) of the shares of Restricted Stock vesting pursuant to this Section 4.4 shall be delivered to Executive in the manner provided in the Restricted Stock Agreement within ten (10) days of the vesting date, using the vesting date as the date for determining the Vested Value.

• The Residual Vested Annuity is determined by reducing the Vested Value, but not below zero, by the amount of the Vested Portion.

• If the Vested Value of the 99/00 Grants is less than the Total Obligation, the company shall forgive that portion of the Total Obligation that exceeds the Vested Value of the 99/00 Grants, provided, however, that the amount of forgiveness shall not exceed Four Million Dollars ($4,000,000) plus interest to the date of repayment, and Maker shall immediately repay the balance of the Total Obligation not forgiven.

• Anything in this Agreement or the Value Appreciation Plan to the contrary notwithstanding, if Executive is terminated pursuant to this Section 4.3, Executive shall forfeit his entire award under the Value Appreciation Plan, including the Time Vested Value Appreciation Award and the Performance Vested Value Appreciation Award.

• For Plan years commencing on or after January 1, 2005, unless the Company elects to provide that amounts credited to a Participant’s Account shall be deemed to be invested in one or more investment funds designated by the Company, the Participant’s Account (including all subaccounts, except the Participant’s Deferred Vested Value Subaccount) shall be credited with interest at the Prime Rate on each Annual Valuation Date and at such other times, if any, as may be determined by the Plan Administrator.

• The Participant’s Deferred Vested Value Subaccount shall be credited at the earlier of the Vesting Start Date or the Performance Achievement Date (each as defined in the Restricted Stock Award Agreement) with a number of Shares equal to the number of shares of Restricted Stock granted under the Acuity Brands, Inc.

More Definitions of Vested Value

Vested Value means the value of the Member’s account representing vested Company Contributions, including reallocated amounts, if any, and associated interest, gains and losses.

Vested Value means the value of the vested Target Shares as determined pursuant to Section 3A(c)(i)(C)(1) above.

Vested Value means the average thirty-day daily volume-weighted average price (VWAP) of Soupman’s Common Stock for the thirty (30) trading days immediately preceding the Valuation Date;