Annual VWAP means the average of the volume weighted average price of shares of the Class A Common Stock for each of the consecutive trading days during any reference fiscal year for the Corporation (whether partial or full), as displayed on the applicable FactSet page or otherwise based on FactSet data (or the equivalent successor of FactSet if such page or data is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such trading day (or if such volume-weighted average price is unavailable, the Market Price of one share of the Class A Common Stock on such trading day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by us), determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.
Annual VWAP means, with respect to any Annual Reset Date, the average of the Daily VWAPs for each VWAP Trading Day in the calendar year of such Annual Reset Date;
Annual VWAP means an amount equal to (i) the aggregate sum of the product of (A) the greater of the Base Price or the closing price of the Company’s Common Stock reported on NASDAQ for each trading day during the twelve (12) month period immediately preceding the Exercise Date (the “Measurement Period”) multiplied by (B) the NASDAQ reported trading volume for the Company’s Common Stock for each trading day during the Measurement Period, which aggregate sum is then divided by (ii) the total aggregate NASDAQ reported trading volume during the Measurement Period.