Fair Market Value of the Common Stock definition

Fair Market Value of the Common Stock means:

Fair Market Value of the Common Stock on any given date means the fair market value of the Common Stock determined in good faith by the Administrator; provided, however, that if the Common Stock is admitted to quotation on the National Association of Securities Dealers Automated Quotation System (“NASDAQ”), NASDAQ Global Market, the New York Stock Exchange or another national securities exchange, the determination shall be made by reference to the closing price on such date. If there is no closing price for such date, the determination shall be made by reference to the last date preceding such date for which there is a closing price.

Fair Market Value of the Common Stock means: (a) if the Common Stock is readily tradable on a national securities exchange or other market system, the closing price of the Common Stock on the date of calculation (or on the last preceding trading date if Common Stock was not traded on such date), or (b) if the Common Stock is not readily tradable on a national securities exchange or other market system: (i) the book value of a share of Common Stock as of the last day of the last completed fiscal quarter preceding the date of calculation; or (ii) any other value as otherwise determined in good faith by the Board.

Examples of Fair Market Value of the Common Stock in a sentence

• Other forms of Stock Awards valued in whole or in part by reference to, or otherwise based on, Common Stock, including the appreciation in value thereof (e.g., options or stock rights with an exercise price or strike price less than 100% of the Fair Market Value of the Common Stock at the time of grant) may be granted either alone or in addition to Stock Awards provided for under Section 5 and the preceding provisions of this Section 6.

• Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise or strike price of each Option or SAR will be not less than 100% of the Fair Market Value of the Common Stock subject to the Option or SAR on the date the Award is granted.

• A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant.

• Subject to the provisions of subsection 5(b) regarding Ten Percent Stockholders, the exercise price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted.

• For this purpose, the repricing of an Option (or in the case of a SAR, the base amount on which the stock appreciation is calculated is reduced to reflect a reduction in the Fair Market Value of the Common Stock) shall be treated as the cancellation of the existing Option or SAR and the grant of a new Option or SAR.

More Definitions of Fair Market Value of the Common Stock

Fair Market Value of the Common Stock on a given date means the last reported sales price of the Common Stock on the NASDAQ (National) System, as reported in a national newspaper, on such date or on the nearest prior day on which trading of the Common Stock occurred on the NASDAQ (National) System, or if the stock is listed on a national stock exchange, the last reported sales price of the Common Stock on such exchange, as reported in a national newspaper, on such date or the nearest prior day on which trading of the Common Stock occurred on such exchange; provided that if the Common Stock is not registered with the Securities and Exchange Commission or there has been no trading of the Common Stock on or reasonably near and prior to the given date, it shall be the fair market value of the Common Stock on the given date as determined on such basis as the Board of Directors shall establish for this purpose.

Fair Market Value of the Common Stock as of any day shall mean (i) the average last sale price (or average closing bid and asked price if no sales were reported) of the Common Stock on the Nasdaq National Market for the preceding 10 Business Days; or (ii) if the Common Stock is not included in the Nasdaq National Market, the average closing price of the Common Stock on the principal national securities exchange on which the Common Stock is listed for the preceding 10 Business Days; or (iii) if the Common Stock is not listed on a national securities exchange, the average of the high bid and the low asked price of the Common Stock in the over-the-counter market as reported for the preceding 10 Business Days; or (iv) if no such quotations are available, the fair market value per share on such date as determined by an independent investment banker or appraiser, nationally recognized to be an expert in making such valuations, selected by mutual agreement of the Company and Abbott.

Fair Market Value of the Common Stock means the fair market value of a share of Common Stock as determined by the Board.

Fair Market Value of the Common Stock means the average of the high and low prices reported for the Common Stock on the New York Stock Exchange for such date or, if no sales were reported for such date, for the last date preceding such date for which a sale was reported.

Fair Market Value of the Common Stock means, in respect of any date on or as of which a determination thereof is being or to be made, the closing market price of the Common Stock reported on the primary exchange on which the Common Stock is then listed for trading on such date, or, if the Common Stock was not traded on such date, on the next preceding day on which sales of shares of the Common Stock were reported on the primary exchange on which the Common Stock is then listed for trading.

Fair Market Value of the Common Stock means the average of the daily Trading Prices per share of Common Stock (or such other security as specified herein) for the 10 consecutive Trading Days immediately prior to the date in question .

Fair Market Value of the Common Stock means the per share value of the Common Stock on the Valuation Date, and is determined as follows: (a) If the Common Stock is listed or admitted for trading on any national securities exchange, the Fair Market Value of the Common Stock is the closing price per share on such exchange on such Valuation Date (or, if listed on more than one exchange, the principal said exchange). (b) If the Common Stock is not traded on any national securities exchange, but is quoted on the National Association of Securities Dealers, Inc. Automated Quotation System (NASDAQ System) or any similar system of automated dissemination of quotations of prices in common use, the Fair Market Value of the Common Stock is the price per share equal to the mean between the closing high bid and the closing low bid on such system on such Valuation Date. (c) If neither paragraph (a) nor paragraph (b) of this definition is applicable, the Fair Market Value of the Common Stock is the fair market value per share, on such Valuation Date, as determined by the Board of Directors (or by the Partnership Committee if the Board of Directors does not, for any reason, provide such determination), in good faith and in accordance with uniform principles consistently applied.