Grant Value definition

Grant Value of an SAR means the dollar value assigned to the SAR by the Administrator on the date the SAR is granted under the Plan.

Grant Value means the dollar amount allocated to an Eligible Person in respect of a Grant of Share Units.

Grant Value means the dollar amount allocated to an Eligible Person in respect of a Grant of Share Units as contemplated by Section 3.

Examples of Grant Value in a sentence

• The Grant Value of each SAR granted pursuant to this Plan shall be determined by the Administrator, but shall not be less than one hundred percent (100%) of the fair market value per Share on the date of grant of such SAR.

• The difference between the Fair Market Value on the date of exercise and the Grant Value, multiplied by the number of SARs exercised (the “Spread”), shall be paid in shares of Common Stock which have a Fair Market Value equal to the Spread, provided, however, that any fractional share shall be paid in cash.

• The Grant Value shall be not less than 100% of Fair Market Value on the date of grant, as set forth in the Award Agreement.

• An SAR shall entitle the Participant to receive from the Company that number of full Shares having an aggregate Market Price, as of the business day immediately preceding the date of exercise (the “Valuation Date”), substantially equal to (but not more than) the excess of the Market Price of one Share on the Valuation Date over the Grant Value for such SAR as set forth in the applicable SAR Agreement, multiplied by the number of SARs exercised.

• The SAR Spread is the product of (i) the excess of the Fair Market Value of a Share on the date of exercise over the Grant Value, multiplied by (ii) the number of SARs exercised.

More Definitions of Grant Value

Grant Value means the dollar amount allocated to an Eligible Person in respect of a Grant as contemplated by Section 3;

Grant Value means the dollar amount allocated to an Employee in respect of a Grant as contemplated by Section 3.

Grant Value means the dollar amount of a Share Award as determined by the Board in accordance with Section 4 hereof;

Grant Value means the dollar value of an Award as of (a) the Initial Grant Pricing Date, in the case of Premium Price Options granted in the Initial Grant or (b) the Grant Date, in the case of all other Awards, determined according to the Black-Scholes Option Price Model or other valuation methodology approved by the Committee that attempts to equate the risk-adjusted present value of the different types of Awards available under the Plan.

Grant Value means [US$]100.

Grant Value means a number determined for each Unit Option by the Administrator at the time of the grant of such Unit Option under this Plan, consistent with Section 6.2 of this Plan.

Grant Value means the VWAP for the Common Stock for the 30 days ended March 16, 2023.