Share Valuation. The amount subject to tax at vesting may be dependent upon a valuation of Shares from a Merchant Banker in India. The Company has no responsibility or obligation to obtain the most favorable valuation possible nor obtain valuations more frequently than required under Indian tax law.
Share Valuation. The Shareholders shall, at the end of each fiscal period, determine and assign a value for each class of Shares, in accordance with the Share valuation formula set out in Schedule C.
Share Valuation. The purchase price for each Share shall be calculated in accordance with the provisions in Schedule C.
Share Valuation. In making a valuation of the Shares held by the Defaulting Shareholder, the Valuer will:
(a) assume that a reasonable time is available in which to obtain a sale of those Shares in the open market and for that purpose 14 days will be deemed a reasonable time; and
(b) have regard to the following factors (in addition to any other factors which the Valuer believes should properly to be taken into account) based on the best information available at the time:
(i) the prospects of the business;
(ii) the value, at a specified capitalisation rate appropriate to the business, of the estimated future maintainable earnings of the Company or the EBITDA;
(iii) the yield which an open-market investor would reasonably require in an acquisition of the Shares;
(iv) the net tangible assets of the Company as disclosed in the audited accounts for the last preceding financial year or, if no audited accounts of the Company are available, as disclosed in the latest management accounts of the Company; and
(c) act as an expert and not as an arbitrator.
Share Valuation. If an event specified herein or required by applicable law requires a valuation of a Shareholder’s Shares, the valuation shall initially be set by Shareholder agreement. If the Shareholders cannot agree on a valuation within seven (7) days, the Shareholders agree that unless another person is agreed to, the Corporation’s accountant/CPA shall conduct the valuation, and that his/her valuation decision shall be binding, conclusive and final. The valuation costs shall be paid equally by the Corporation and the selling/transferring Shareholder, unless otherwise specified herein or agreed to by the Shareholders.
Share Valuation. Except as otherwise provided in Sections 5.1.6, 5.6.4(e) and the last sentence of Section 5.6.5:
Share Valuation. Any Shares issued by the Company in connection with a conversion of the amounts outstanding under the Convertible Loan shall be issued at a price per Share equal to the lower of (x) $10 per Share and (y) the Fair Market Value of such Shares; and tk-598330 Portions of the exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Share Valuation. For the purposes of this Agreement, the Market Value of the restricted stock shall be calculated as ninety percent (90%) of the arithmetic average of the closing price of the Company's Common Stock for the five (5) trading days immediately preceding the date of the Initial Transfer, or any subsequent Valuation Day, as reported daily by the principal national or regional stock exchange on which the common stock is listed.
Share Valuation. The amount of the Award subject to tax, including for reporting and withholding, will partially depend upon a valuation that the Company will obtain from a Category I Merchant Banker in India. The Company has no responsibility or obligation to obtain the most favorable valuation possible nor obtain valuations more frequently than required under Indian tax law.
Share Valuation. The amount subject to tax at exercise may be dependent upon a valuation of Shares from a Merchant Banker in India. The Company has no responsibility or obligation to obtain the most favorable valuation possible nor obtain valuations more frequently than required under Indian tax law.
