Opening Average Share Value Clause Samples
The Opening Average Share Value clause defines the method for determining the initial average value of a company's shares, typically at the start of a specified period or transaction. This is usually calculated by averaging the closing prices of the shares over a set number of trading days immediately preceding a particular event, such as the commencement of an agreement or a corporate action. By establishing a clear and objective formula for share valuation, this clause ensures transparency and fairness in financial calculations, reducing disputes over share pricing and providing a reliable basis for subsequent contractual obligations.
Opening Average Share Value. The term “Opening Average Share Value” means the average Share Value of the forty-day trading period beginning on the Grant Date.
Opening Average Share Value. The term “Opening Average Share Value” means the average Share Value between October 1, 2023 and December 31, 2023.
Opening Average Share Value. The term “Opening Average Share Value” means the Volume-Weighted Average Share Value during the 10-trading day period preceding the first day of the applicable Performance Period. For avoidance of doubt that price is [.].
Opening Average Share Value. “Opening Average Share Value” means the average of the daily closing prices per share of the Shares as reported on the Stock Exchange for the thirty (30) Trading Days immediately prior to and including the last Trading Day of ending on the Effective Date. 9.13 Outstanding ▇▇▇▇▇ of ▇▇▇▇ Voting Securities. “Outstanding ▇▇▇▇▇ of ▇▇▇▇ Voting Securities” means the then issued and outstanding voting securities of ▇▇▇▇▇ of ▇▇▇▇ entitled to vote generally in the election of directors.