Equivalent Value means the cash price that would be paid in an arm’s length transaction between two unrelated parties. The Equivalent Value shall be determined in good faith by Tengion’s Board of Directors and WFUHS shall be notified thereof in writing together with a sufficiently detailed explanation of the determination and summary of the underlying data (if any) and assumptions to allow WFUHS to evaluate the fairness of the determination. WFUHS may, upon written notice to Tengion, appoint an independent certified public accountant or consultant (an “Independent Appraiser” for purposes of this Article 1.14) whose general qualifications are reasonably acceptable to Tengion and the cost and expense of the Independent Appraiser shall be paid solely by WFUHS, except as provided below. If WFUHS fails to notify Tengion of its election to exercise its valuation right within thirty (30) days after its receipt of the explanation and initial determination by Tengion’s Board of Directors as provided herein, then the Equivalent Value thereof shall be the amount as determined by Tengion’s Board of Directors. If WFUHS exercises its valuation right, Tengion shall provide the Independent Appraiser with such books, information and records as the Independent Appraiser shall reasonably request pursuant to accepted professional practice standards. WFUHS shall thereafter cause the Independent Appraiser appointed by WFUHS to provide its determination of Equivalent Value in writing to Tengion and WFUHS. Following receipt of such determination, the parties shall, in good faith, attempt to mutually agree upon the Equivalent Value. If the parties are unable to so agree within thirty (30) days following their receipt of such determination, the parties shall jointly appoint a mutually acceptable Independent Appraiser to determine the Equivalent Value. The cost and expense of such jointly appointed Independent Appraiser and the Independent Appraiser appointed solely by WFUHS shall be paid as follows: (a) if the Equivalent Value as found by the jointly appointed Independent Appraiser is within five percent (5%) of the Equivalent Value determined by Tengion’s Board of Directors, such costs and expenses of the jointly appointed Independent Appraiser shall be paid solely by WFUHS; (b) if the Equivalent Value as found by the jointly appointed Independent Appraiser is greater than five percent (5%) more than the Equivalent Value determined by Tengion’s Board of Directors, the cost and expense of the joint...
Equivalent Value means cash or facilities, services, or other value in kind related to parks, playgrounds and similar public purposes or any combination thereof, determined by the Municipality to be equal to the value of the land required to be transferred to the Municipality for parkland purposes;
Equivalent Value means, for the purposes of park dedication, cash, site preparation, site development or any combination of land, cash, site preparation and site development.
Examples of Equivalent Value in a sentence
Not later than five (5) business days after the Closing, Seller shall provide Buyer with a schedule showing (i) each then-unvested (in whole or in part) Seller Equity Award, (ii) the number of shares of Seller Common Stock subject to such unvested portion of the Seller Equity Award, (iii) the applicable vesting dates with respect to each such Seller Equity Award, and (iv) the Equivalent Value of such Seller Equity Award.
As soon as administratively practicable after the Closing Date, Buyer shall grant to each Transferred Employee who holds a Seller Equity Award that is unvested (in whole or in part) as of the Closing Date, an award of cash or equity granted under Buyer’s equity-based compensation plan, in each case that has an Equivalent Value to the unvested portion of the Seller Equity Award (a “Replacement Award”).
More Definitions of Equivalent Value
Equivalent Value means the fair market value of the gift on the date the gift is given
Equivalent Value is defined in the Statement of Common Definitions.
Equivalent Value means the shares of Common Stock Series A with a fair market value on the Share Transfer and Valuation Date equivalent to the interest payment due on the next scheduled interest payment date.
Equivalent Value means consideration which equals Two Hundred Twenty-Five Million Dollars ($225,000,000) in the aggregate.
Equivalent Value has the meaning set forth in Annex C hereto.
Equivalent Value for this purpose means a lump sum of actuarial equivalent value based on the interest and mortality assumptions required under Section 417 of the Code for valuing lump sum distributions of annuities due under tax-qualified pension plans as of the date payment of this supplemental pension will begin.
Equivalent Value has the meaning specified in Section 9.7(l).