Board or Committee Uses in Market Price Clause

Market Price from Stock Option Plan

Market Price. at any date in respect of Shares shall be the closing price of such Shares listing and posted for trading on a stock exchange selected for such purpose by the Board or Committee, as the case may be, (or, if such shares are not then listed and posted for trading on a stock exchange) on the last Business Day preceding the date on which the Option is approved by the Board or Committee. In the event that such Shares did not trade on such Business Day, the Market Price shall be the average of the bid and ask prices in respect of such Shares at the close of trading on such date. In the event that such Shares are not listed and posted for trading on any stock exchange, the Market Price in respect thereof shall be the fair market value of such shares less any discount as determined by the Board or Committee in its sole discretion;

Market Price from Stock Option Plan

Market Price. at any date in respect of Shares shall be the closing price of such Shares listing and posted for trading on a stock exchange selected for such purpose by the Board or Committee, as the case may be, (or, if such shares are not then listed and posted for trading on a stock exchange) on the last Business Day preceding the date on which the Option is approved by the Board or Committee. In the event that such Shares did not trade on such Business Day, the Market Price shall be the average of the bid and ask prices in respect of such Shares at the close of trading on such date. In the event that such Shares are not listed and posted for trading on any stock exchange, the Market Price in respect thereof shall be the fair market value of such shares less any discount as determined by the Board or Committee in its sole discretion;