Initial Value has the meaning set forth in Section 1.76(a).

Initial Value means, with respect to a Corresponding SAR, the option price per share of the related Option and, with respect to an SAR granted independently of an Option, the price per share of Common Stock as determined by the Committee on the date of grant; provided, however, that the price shall not be less than the Fair Market Value on the date of grant. Except as provided in Article XII, the Initial Value of an outstanding SAR may not be reduced (by amendment, cancellation and new grant or otherwise) without the approval of stockholders.

Examples of Initial Value in a sentence

The poor performance (40.70 per cent) in the implementation of the projects was due to the failure on the part of DPK in identifying suitable SC beneficiaries.
However, if the Underlying has declined below the Buffer Value, investors will lose 1% of the Stated Principal Amount for every 1% decline (as compared to the Initial Value) in the Final Value below the Buffer Value, subject to the Minimum Payment at Maturity.
The Investment firm shall proceed with the order for withdrawal of cash and/or securities if the Client performs the following liabilities:  liabilities to deliver or pay the financial instruments on the transactions that were made earlier;  liabilities to pay reimbursements, fines, commissions, remunerations and other expenses in favor of the Investment firm or third parties;  liabilities to keep the margin level not less than the Initial Value.
In this case investors will lose 1% of the Stated Principal Amount for every 1% decline (as compared to the Initial Value) in the Final Value below the Buffer Value, subject to the Minimum Payment at Maturity.
Even if the value of the Underlying appreciates prior to the Valuation Date but then drops by the Valuation Date by more than 10% of the Initial Value, the Payment at Maturity will be less, and may be significantly less, than it would have been had the Payment at Maturity been linked to the value of the Underlying prior to such drop.

More Definitions of Initial Value

Initial Value means, with respect to an SAR, the Fair Market Value of one share of Common Stock on the date of grant, as set forth in an Agreement.

Initial Value means, with respect to a Corresponding SAR, the Option Price per share of the related Option, and with respect to an SAR granted independently of an Option, the Fair Market Value of one share of Common Stock on the date of grant.

Initial Value means the value of a Phantom Share as specified by the Committee as of the Date of Grant or the Value of a Phantom Share calculated as of the Date of Grant or such earlier date as the Committee may determine.

Initial Value means the price of the relevant Reference Share on the date of issuance of the Deposits. “Reference Share” means a share or other equity security comprising the Reference Portfolio.

Initial Value. As defined in Section 3.16(b) hereof.

Initial Value means, with respect to a Corresponding SAR, the option price per share of the related Option and, with respect to an SAR granted independently of an Option, the price per share of Common Stock as determined by the Board on the date of the grant; provided, however, that the price per share of Common Stock encompassed by the grant if an SAR shall not be less than Fair Market Value on the date of grant. Repricing of SARs after the date of grant is not permitted.