Common use of CITY NATIONAL VALUATION METHODOLOGY FOR OPTION AWARDS Clause in Contracts

CITY NATIONAL VALUATION METHODOLOGY FOR OPTION AWARDS. The City National Valuation Methodology for Option Awards is used to calculate the “Deemed Value” of each stock option award on the grant date. As of the date hereof, the City National Valuation Methodology uses the Black-Scholes Model to value the options granted. The assumptions input into the model include expected term, volatility, grant date, xxxxx xxxxx, risk-free interest rate, and dividend yield. Option awards shall be granted with an exercise price not less than the fair market value of the Parent Corporation’s stock (within the meaning of the applicable stock option plan) on the date of grant. The other inputs have the following terms:

CITY NATIONAL VALUATION METHODOLOGY FOR OPTION AWARDS. The City National Valuation Methodology for Option Awards is used to calculate the “Deemed Value” of each stock option award on the grant date. As of the date hereof, the City National Valuation Methodology uses the Black-Scholes Model to value the options granted. The assumptions input into the model include expected term, volatility, grant date, xxxxx xxxxx, risk-free interest rate, and dividend yield. Option awards shall be are generally granted with an exercise price not less than equal to the fair market value price of the Parent Corporation’s stock (within the meaning of the applicable stock option plan) on the date of grant. The other inputs have the following terms: