Fair Market definition
Fair Market. Value" of a share of Common Stock on a specified date means:
(i) if the Common Stock is then traded on a national securities exchange, the closing price on such date of a share of the Common Stock as traded on the largest securities exchange on which it is then traded; or
(ii) if the Common Stock is not then traded on a national securities exchange, the mean between the closing composite inter-dealer "bid" and "ask" prices for Common Stock, as quoted on the NASDAQ National Market System (A) on such date, or (B) if no "bid" and "ask" prices are quoted on such date, then on the next preceding date on which such prices were quoted; or
(iii) if the Common Stock is not then traded on a national securities exchange or quoted on the NASDAQ National Market System, the value determined in good faith by the Committee.
Fair Market value” may be conclusively established by means of an Officer’s Certificate or a resolution of the Board of Directors of the Company setting out such fair market value as determined by such Officer or such Board of Directors in good faith.
Fair Market. Value" of a share of Company Series A Common Stock or Company Series B Common Stock on any day means the last sale price (or, if no last sale price is reported, the average of the high bid and low asked prices) for a share of such series on such day (or, if such day is not a trading day, on the next preceding trading day) as reported on NASDAQ or, if not reported on NASDAQ, as quoted by the National Quotation Bureau Incorporated, or if such series is listed on an exchange, on the principal exchange on which such series is listed. If for any day the Fair Market Value of a share of any Company Series A Common Stock or Company Series B Common Stock is not determinable by any of the foregoing means, then the Fair Market Value for such day shall be determined in good faith by the Company Board on the basis of such quotations and other considerations as the Company Board deems appropriate.
Examples of Fair Market in a sentence
Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant.
The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.
In connection with any redemption pursuant to this Section 6.2, the Company shall provide the Registered Holders with the Redemption Fair Market Value no later than one (1) Business Day after the ten (10) trading day period described above ends.
The Administrator, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof.
The Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted.
More Definitions of Fair Market
Fair Market. Value" of a share of Common Stock as of a particular date ----------------- shall mean:
Fair Market. Value" of any shares of Common Stock issued or issuable upon exercise of the Warrants shall mean the fair market value of such shares on the date of determination, which shall be determined as follows:
Fair Market. Value" of a share of Common Stock as of any date shall mean, as of any date, the average of the closing prices of Common Stock for the twenty (20) consecutive Trading Days next preceding the date five (5) days prior to the date in question. The closing price for each day shall be:
Fair Market. Value shall mean, with respect to Common Stock of the Company, the price at which the Stock sold on the last normal transaction of the trading day on a specified date, or if no trading occurs on such specified date, on the most recent preceding business day on which trading occurred, as quoted on the New York Stock Exchange. Investment Options shall mean the investment indices or securities selected by the Company among which the Colleague will select for the purpose of determining how the Colleague’s Dividend Equivalent Unit Account will be deemed to be invested in order to determine the amount of earnings or losses to be credited or debited to the Colleague’s Dividend Equivalent Unit Account. Specifically, the Investment Options are the S&P 500 Composite Index, the Xxxxxx Brothers Aggregate Bond Index and the Three Month U. S. Treasury Xxxx. Investment Performance shall mean the total return amount of the S& P 500 Composite Index and the Xxxxxx Brothers Aggregate Bond Index for these Investment Options and the average quarterly yield of the Three Month U.S. Treasury Xxxx Investment Option reported in the Wall Street Journal or if not so reported, in any nationally recognized financial publication, as of the last day of each calendar quarter.
Fair Market. Value" of a share of Warrant Shares or Common Stock (issued upon net exercise thereof) as of a particular date means: (a) if traded on an exchange or quoted on The NASDAQ National Market, then the average closing prices of the Common Stock for the ten trading days ending with the second prior trading day, (b) if exercise is effective as of the closing of the Company's initial public offering of any securities pursuant to a registration statement under the Securities Act, the "price to public" specified for such shares in the final prospectus for such public offering, (c) if listed by the National Daily Quotation Service "Pink Sheets," then the average of the closing bid and ask prices of the Common Stock for the ten trading days ending with the second prior trading day, and (d) otherwise, the price as determined in good faith by the Board of Directors of the Company.
Fair Market. Value" of a share of Parent Common Stock as of a particular date means: (i) the average of the closing prices over the ten (10) day period ending immediately before the applicable date of valuation, if the Parent Common Stock is traded in the over-the-counter market (including trading on the Nasdaq OTC Bulletin Board); (ii) the average of the closing prices of the Parent Common Stock over the five (5) business days ending immediately before the applicable date of valuation, if the Parent Common Stock is traded on a securities exchange or the Nasdaq National Market or Nasdaq Small Cap Market; and (iii) as determined in good faith by Parent's Board of Directors upon a review of relevant factors, if no active public market exists for the Parent Common Stock.
Fair Market. Value shall mean, with respect to Common Stock of the Company, the price at which the Stock sold on the last normal transaction of the trading day on a specified date, or if no trading occurs on such specified date, on the most recent preceding business day on which trading occurred, as quoted on the New York Stock Exchange.