Ending Average Stock Price definition
Ending Average Stock Price shall be calculated as the average Closing Stock Price for the last 20 trading days of the applicable Performance Period.
Ending Average Stock Price means (A) the average closing price of the Company’s Stock over the 60 calendar day period ending on the third anniversary of the date of grant times (B) the sum of one plus X, where X equals the additional fractional share that would exist on the third anniversary if all dividends on one share of Company Stock during the period from the date of grant to the third anniversary thereof were used to purchase additional fractional shares (assuming such dividends are reinvested in the Company’s Stock on the date of payment), including the reinvestment of dividends on such additional fractional shares; provided, however, that in the event of a Change of Control, the “Ending Average Stock Price” will equal (A) the price per share of the Company’s Stock to be paid to the holders thereof in accordance with the definitive agreement governing the transaction constituting the Change of Control (or, in the absence of such agreement, the closing price per share of the Company’s Stock for the last trading day prior to the consummation of the Change of Control) times (B) the sum of one plus X, where X equals the additional fractional share that would exist on the date of the Change of Control if all dividends on one share of Company Stock during the period from the date of grant to the date of such Change of Control were used to purchase additional fractional shares (assuming such dividends are reinvested in the Company’s Stock on the date of payment), including the reinvestment of dividends on such additional fractional shares.
Ending Average Stock Price means the average closing price of the Company’s Stock over the 60 calendar day period ending on the third anniversary of the Effective Date; provided, however, that in the event of a Change of Control, the “Ending Average Stock Price” shall equal the price per share of the Company’s Stock to be paid to the holders thereof in accordance with the definitive agreement governing the transaction constituting the Change of Control (or, in the absence of such agreement, the closing price per share of the Company’s Stock for the last trading day prior to the consummation of the Change of Control).
Examples of Ending Average Stock Price in a sentence
If the Ending Average Stock Price is below 60% of the Target Price, all of the Performance Share Units awarded by this Agreement shall immediately be forfeited and cancelled without consideration as of the last day of the Performance Period.
The Participant shall not be paid any portion of the Target Award unless the Ending Average Stock Price is at least 60% of the Target Price.
The Participant shall be paid the Target Award if the Ending Average Stock Price equals the Target Price.
In the event that the stock of the measured company goes ex-dividend during the Performance Period (including the 10-day trading period during which the Ending Average Stock Price is to be calculated), such dividend shall be included in the determination of “Reinvested Dividend Amount,” notwithstanding the fact that the payment date of such dividend may actually occur after the conclusion of the Performance Period.
In the event that the stock of the measured company goes ex-dividend during the Performance Period (including the ___-day trading period during which the Ending Average Stock Price is to be calculated), such dividend shall be included in the determination of “Reinvested Dividend Amount,” notwithstanding the fact that the payment date of such dividend may actually occur after the conclusion of the Performance Period.
More Definitions of Ending Average Stock Price
Ending Average Stock Price shall be calculated as the volume weighted average Stock Price for the last 20 trading days of the applicable Performance Period.
Ending Average Stock Price means the average, over the twenty (20) consecutive trading days ending on the last trading day of the Performance Period, of the closing price of a company’s common shares multiplied by the Accumulated Shares for each trading day during the measurement period.
Ending Average Stock Price means the average closing price of the Company’s Stock over the 60 calendar day period ending on the third anniversary of the date of grant; provided, however, that in the event of a Change of Control, the “Ending Average Stock Price” shall equal the price per share of the Company’s Stock to be paid to the holders thereof in accordance with the definitive agreement governing the transaction constituting the Change of Control (or, in the absence of such agreement, the closing price per share of the Company’s Stock for the last trading day prior to the consummation of the Change of Control).
Ending Average Stock Price is the applicable entity's average volume weighted closing common stock price for the last twenty trading days of the Performance Period (or, in the event of a qualifying termination of Service or Change in Control under Section 2 or 3 of the Agreement prior to the end of the Performance Period, for the last ten trading days prior to the applicable measurement date specified under Section 2 or 3 of the Agreement).
Ending Average Stock Price the mathematical average of the daily closing stock prices for the last 30 trading days of 2018
Ending Average Stock Price means the mathematical average of the daily closing stock prices for the last 90 days of 2015.
Ending Average Stock Price means the arithmetic mean of daily Closing Prices multiplied by Accumulated Shares over the Ending Average Period. If the Company’s TSR as compared to the Peer Group’s TSR is between the prescribed threshold and maximum percentages set forth in the chart below, the PRSUs will partially vest on a pro rata basis. Notwithstanding the foregoing, if the Company’s TSR for the Performance Period is negative, the application of the TSR Multiplier Percentage shall be capped at the “Target” level prescribed in the chart above. TSR calculations shall be adjusted to reflect stock splits, reverse stock splits, or other similar corporate transactions as determined in the sole discretion of the Committee. The Committee shall also have authority to make equitable adjustments to the Peer Group and percentile determinations in the event of extraordinary corporate transactions or changes affecting one or more members of the Peer Group. All calculations will be done by the Committee and will be final, binding, and conclusive on all persons and entities for all purposes under this Agreement.