Closing Average Period definition

Closing Average Period means (i) in the absence of a Change in Control, the 20 trading days preceding August 9, 2021; or (ii) in the case of a Change in Control, the trading days during the period beginning thirty (30) calendar days prior to the Change in Control and ending on the Accelerated End Date.

Closing Average Period means (i) in the absence of a Change in Control, the one month period ending on the last day of the Performance Period, or (ii) in the case of a Change in Control, the one month period ending five (5) days prior to Change in Control, or another date established at the discretion of the Committee.

Closing Average Period means (i) in the absence of a Change of Control of the Company, the 90 calendar days immediately prior to and including March 31, 2012 for the 1st Measurement Period; the 90 calendar days immediately prior to and including March 30, 2013 for the 2nd Measurement Period; and the 90 calendar days immediately prior to and including March 29, 2014 for the 3rd Measurement Period; or (ii) in the event of a Change of Control, the 90 calendar days immediately prior to and including the effective date of the Change of Control.

Examples of Closing Average Period in a sentence

• For purposes of this Section 3(b), the “Closing Average Period Value” means the average closing price of the Company’s Common Stock over the Closing Average Period.

• In addition, in the event the Company shall pay any dividends during the Performance Period, for each vested Restricted Stock Unit, Awardee shall be entitled to receive additional shares of Stock equal to the amount of dividends paid per share of Stock during the Performance Period divided by the closing price of the Stock on the last trading date in the Closing Average Period.

• In the event a Participant’s death or Disability results in a Truncated Performance Period, notwithstanding anything in this Agreement to the contrary, TSR shall be calculated in the same manner as set forth in Exhibit B, except that, the Closing Average Period shall mean the twenty (20) trading days immediately prior to and including the last day of the Truncated Performance Period.

• The foregoing rules shall not apply, and there shall be no change in the Index Companies, as a result of a transaction described above if the closing of such transaction occurs on the last day of the Closing Average Period.

• The Committee shall determine if the average closing price of the Stock during First Closing Average Period exceeds $26.08 per share and $29.20 per share during the Second Average Closing Period, within five days after the earlier of the (i) Accelerated End Date and (ii) the end of First Performance Period or the end of Second Performance Period, as applicable.

More Definitions of Closing Average Period

Closing Average Period means the twenty trading days ending on the last day of the last Performance Period.

Closing Average Period means (i) in the absence of a Change in Control, the ninety (90)-day period ending on the last day of the Performance Period; or (ii) in the case of a Change in Control, the ninety (90)-day period ending on the Accelerated End Date.

Closing Average Period means the last 20 trading days of the Relative TSR Performance Period.

Closing Average Period means the 30 trading days immediately preceding January 1, 2023.

Closing Average Period means the 20 trading days immediately preceding the end of the applicable Performance Period.

Closing Average Period means (i) in the absence of a Change of Control, (a) for the First Tranche, the trading days during the three months ended March 31, 2021 or (b) for the Second Tranche, the trading days during the three months ended March 31, 2022; or (ii) in the case of a Change of Control, the trading days during the period beginning thirty (30) calendar days prior to the Change of Control and ending on the Accelerated End Date.

Closing Average Period means the ninety (90)-day period ending on the last day of the Performance Period.