Grant Date Price definition
Examples of Grant Date Price in a sentence
The 2021 Options shall be awarded with an exercise price per share that is equal to the Grant Date Price.
The 2017 Options shall be awarded with an exercise price that is equal to the Grant Date Price.
The actual number of stock options awarded to you on the grant date shall be determined based on the Grant Date Price, and an applicable binomial factor selected by the Employer and determined using the same methodology used with respect to similarly situated executives of the Employer.
Upon exercise, the Company shall pay to the Participant for each of the vested SAR then exercised the difference between (a) the Fair Market Value of a Common Share on the date of exercise, over (b) the Grant Date Price (the “Payment Amount”).
For the avoidance of doubt, the determination of whether the Grant Date Price or the Per Share Price is greater shall be made as of the applicable Vesting Date and shall apply with respect to such Vesting Date without regard to such determination as of any other Vesting Date, and any such determination with respect to one Vesting Date shall not affect any determination as of any other Vesting Date.
The 2020 Options shall be awarded with an exercise price that is equal to the Grant Date Price.
The actual number of RSUs awarded to you on the grant date shall be determined based on the Grant Date Price, and an applicable factor selected by the Employer and determined using the same methodology used with respect to similarly situated executives of the Employer.
The Award represents, for each vested SAR, the right to receive a payment in cash or Common Shares, as determined by the Committee in its sole discretion pursuant to Section 4.2 below, in an amount equal to the difference between (a) the Fair Market Value of a Common Share on the date of exercise, over (b) the Grant Date Price.
The Performance-Vesting Condition will be satisfied if, prior to March 21, 2026 (the “Performance End Date”) the Company’s twenty (20) trading day trailing average stock price equals or exceeds a ten per cent (10%) premium over the Grant Date Price for twenty (20) consecutive trading days (the “Performance Goal”).
The Threshold Price for each Tranche shall be determined in reference to the PSU Grant Date Price (as defined in the Employment Agreement).