Grant Date Value means (i) the Target Award multiplied by (ii) the closing price of Shares on the NASDAQ Global Select on the Date of Grant.
Grant Date Value means the mean between the highest and lowest quoted sales price of a share of Stock in the New York Stock Exchange Composite Transaction Report.
Grant Date Value means, with respect to the Number of Stock Units Granted, the dollar value determined by multiplying the Number of Stock Units Granted by the average of the high and low stock prices of a share of Common Stock on the Grant Date (or, if such date is not a trading day, the last trading day preceding such date).
Examples of Grant Date Value in a sentence
Each director will receive an annual grant of restricted stock units under the Equity Plan (the “Annual Award”) as follows: • Grant Date Value: $100,000 based on the closing price of the Company’s common stock on the date of grant.
On the Conversion Date (as defined below), the Restricted Stock Units that vested pursuant to the terms of Section 5 hereof, if any, shall be converted into the number of shares of Common Stock equal to the Grant Date Value divided by the fair market value of a share of Common Stock, which shares of Common Stock will be issued to the Participant, or in the event of the Participant’s death, the Participant’s beneficiary pursuant to the Plan.
The Absolute TSR Target Award shall be a number of PRSUs equal to (a) divided by (b), where (a) is equal to 50% of the PRSU Grant Date Value and (b) is equal to the grant date fair value per unit of one Absolute TSR PRSU.
The number of RSUs granted pursuant to the Annual RSU Award will be determined by (A) dividing the RSU Grant Date Value amount in the table above by the closing price of a share of Common Stock on the RSU Grant Date and (B) rounding to the nearest whole number.
The Restricted Stock Award granted pursuant to Section 11(a) shall consist of shares of Stock with an aggregate Grant Date Value of $25,000.
More Definitions of Grant Date Value
Grant Date Value means, with respect to the Number of Share Units Granted, the dollar value determined by multiplying the Number of Share Units Granted by the average of the high and low stock prices of a share of Common Stock on the Grant Date (or, if such date is not a trading day, the last trading day preceding such date).
Grant Date Value means the amount specified by the Board as the Grant Date Value, which amount shall not be less than 100% of the fair market value (as determined for purposes of Code Section 409A) of a share of Common Stock as of the Grant Date.
Grant Date Value means (i) except as provided in subsection (ii), the average closing market price of the Company’s common stock as quoted on the national exchange with which the Common Stock is listed for the 30-day period immediately preceding the applicable date of grant and (ii) for each Non-Employee Director who is appointed on or within one year prior to the Effective Date with respect to their Initial RSU Award only, the fair market value per share of Common Stock under the Merger Agreement (i.e., $10.00). Except as provided below and subject to the registration of the Common Stock on a Form S-8, the Initial RSU Award will be automatically granted on the date on which such Non-Employee Director commences service on the Board, and will vest as 1/3rd of the RSUs on each anniversary of the applicable date of grant such that the shares subject to the Initial RSU Award are fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service on the Board through each such vesting date. In the case of a Non-Employee Director who commenced services with the Company on or within one-year of the Effective Date, the Initial RSU Award will be automatically granted on the date following the date on which the registration of the Common Stock on a Form S-8 becomes effective, and will vest as 1/3rd of the RSUs on each anniversary of the date on which such Non-Employee Director commences service on the Board, subject to the Non-Employee Director continuing in service on the Board through each such vesting date. Annual Equity Grant: Each Non-Employee Director who (i) is serving on the Board as of the date of an annual meeting of the Company’s stockholders (an “Annual Meeting”) for at least six months after the Effective Date and (ii) will continue to serve as a Non-Employee Director immediately following such Annual Meeting, shall be granted an award of RSUs under the Plan or any other applicable Company equity incentive plan then-maintained by the Company covering a number of shares of Common Stock calculated by dividing (x) $150,000 by (y) Grant Date Value (the “Annual RSU Award”). Subject to the registration of the Common Stock on a Form S-8 prior to first Annual Meeting following the Effective Date, the Annual RSU Award will be automatically granted on the date of the applicable Annual Meeting, and will vest in full upon the earlier of (i) the first anniversary of the date of grant and (ii) immediately prior to the Annual Meeting ...
Grant Date Value means (i) the Target Award multiplied by (ii) the closing price of Shares on the NASDAQ Global Select on the Date of Grant. Additional Terms/Acknowledgements; Amendment, Modification, and Entire Agreement: The undersigned Participant acknowledges receipt of, and understands and agrees to, this Agreement (including Part II hereof). No provision of this Agreement may be modified, waived, or discharged unless that waiver, modification, or discharge is agreed to in writing and signed by the Participant and the Company. This Agreement constitutes the entire contract between the parties hereto with regard to the subject matter hereof. The Participant acknowledges that a copy of the Company’s most recent prospectus describing the Plan and a complete copy of the Plan document have been made available to the Participant, that the Participant has had reasonable opportunity to review the prospectus, the Plan and this Agreement in their entirety, that the Participant has had an opportunity to obtain the advice of counsel prior to executing this Agreement and that the Participant fully understands all provisions of this Agreement. This Agreement is made pursuant to the provisions of the Plan and shall in all respects be construed in conformity with the terms of the Plan. In the event of a conflict between the Plan and this Agreement, the terms of the Plan shall govern. The Participant further acknowledges that as of the Date of Grant, this Agreement and the Plan set forth the entire understanding between the Participant and the Company regarding the acquisition of Shares pursuant to this Agreement and supersede all prior oral and written agreements on that subject, with the exception of (i) options and other awards previously granted and delivered to the Participant under the Plan, and (ii) the following agreements only: Other Agreements: NONE Without limiting the generality of the foregoing, the Participant acknowledges and agrees that no provision of any employment, severance, or other agreement, policy, practice or arrangement, whether written or unwritten, as may be amended or modified from time to time, shall apply to or in any way modify or amend this Agreement. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement.
Grant Date Value means the initial value of each Phantom Unit as determined in the sole discretion of the Committee on the Grant Date and as set forth in the Participant’s Award Agreement and relative to which the Unit Appreciation Value shall be calculated.
Grant Date Value means the grant date value of Restricted Stock or RSUs as determined in good faith by the CNG (as defined in Section 4.2(a)).