Closing Market Value definition

Closing Market Value means the average of the last sale prices for a share of Parent Common Stock as quoted on the Nasdaq National Market (as reported in The Wall Street Journal) for the first five full trading days immediately following the Effective Time. The adjustments provided herein with respect to any options which are "incentive stock options" (as defined in Section 422 of the Code) shall be effected in a manner consistent with Section 424(a) of the Code or which are options granted under an employee stock purchase plan (as defined in Section 423 of the Code) .

Closing Market Value means the average value of the MSCI US REIT Index (RMS) over the thirty consecutive trading days that include and immediately precede the last day of the Performance Period.

Closing Market Value on any date means the closing sales price, on such date, of shares of Common Stock on the principal securities exchange on which such shares are traded.

Examples of Closing Market Value in a sentence

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• For purposes of this Plan, "Closing Market Value" shall be defined as the closing price of a share of Common Stock, as reported for the relevant valuation date on the NASDAQ National Market (or, if that price is no longer reported on such market, as reported on the principal exchange upon which the Common Stock is then traded).

• If any Stock Units exist in a Participant's Account on a dividend record date for Common Stock, that Account shall be credited, on the dividend payment date related to such dividend record date, with an additional number of Stock Units equal to (i) the cash dividend paid on one share of Common Stock, multiplied by (ii) the number of Stock Units in the Account on the dividend record date, and divided by (iii) the Closing Market Value of a share of Common Stock on the dividend payment date.

• The dollar amount of any Stock Unit Grant (based on an Annual Retainer) made under Section 4, or any portion of an Annual Retainer deferred at the election of a Participant under Section 5, that has been credited under this Plan to a Participant's Account shall be converted into a number of Stock Units determined by dividing (i) that dollar amount by (ii) the Closing Market Value (as defined below) of one share of Common Stock, as of the date the Annual Retainer is credited to the Account.

• The dollar amount of any Stock Unit Grant (based on an Annual Retainer) made under Section 4, or any portion of an Annual Retainer deferred at the election of a Participant under Section 5, that has been credited under this Plan to a Participant’s Account shall be converted into a number of Stock Units determined by dividing (i) that dollar amount by (ii) the Closing Market Value (as defined below) of one share of Common Stock, as of the date the Annual Retainer is credited to the Account.

More Definitions of Closing Market Value

Closing Market Value means the average closing price of FTI Common Stock as reported by the principal exchange or market on which FTI Common Stock is traded for the five trading days immediately preceding the Closing Date.

Closing Market Value means the average closing price of Medirisk Common Stock on the Nasdaq National Market over the twenty (20) trading days immediately preceding the Closing Date (as defined in Section 7.1 hereof).

Closing Market Value means the market value of the Company on the date of any Negotiated Restructuring Transaction, which determination shall be made by the Committee, taking into account the total consideration paid or transferred in connection with the closing of a Negotiated Restructuring Transaction.

Closing Market Value has the meaning set forth in Section 1.6(a)(ii).

Closing Market Value means the average of the closing bid price of the Parent Stock as reported on the Nasdaq Stock Market for the ten-day trading period ending two days prior to the Closing Date.

Closing Market Value means either (X) the average of the closing prices of SWI Common Stock as reported by the New York Stock Exchange for the thirty (30) trading days ending on the third trading day prior to the Closing Date or (Y) if SWI or PTI elect to use a Closing Market Value different than such amount pursuant to Section 9.1(g) or (h), the amount so elected to be used by SWI or PTI. The Closing Market Value shall be adjusted, as necessary, to reflect any nontaxable stock split, reverse stock split, stock dividend or stock combination affecting the SWI Common Stock as a class occurring before or after the Effective Time and the amounts in Section 9.1(g) and (h) shall be adjusted as necessary if any such event occurs before the Effective Time.

Closing Market Value means the average closing market price of one share of Purchaser Common Stock on the Nasdaq National Market for the thirty-one (31) trading days ending on the trading day that is three trading days prior to the Closing Date as reported (absent manifest error) in the Wall Street Journal, Eastern Edition.