Gxxxx Xxxxx definition

Gxxxx Xxxxx is the Fair Market Value (as defined in the Plan) of a share of Common Stock on the Grant Date.

Gxxxx Xxxxx means the price per Share established by the Committee and set forth in a SAR granted pursuant to Article 9.

Gxxxx Xxxxx. We refer to:

Examples of Gxxxx Xxxxx in a sentence

• The purchase price of the Shares subject to the Option (the "Gxxxx Xxxxx") shall be the price per Share set forth above.

• This Stock Option Award grants Employee the right to purchase shares of Common Stock at the Gxxxx Xxxxx.

• Xxxxxx and Co., Inc., as Collateral Manager by /s/ Gxxxx Xxxxx Name: Gxxxx Xxxxx Title: Managing Director ELC (CAYMAN) LTD.

• The Gxxxx Xxxxx may also be paid by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Company the amount of proceeds from a sale of shares having fair market value equal to the Gxxxx Xxxxx, provided that such instructions are delivered by no later than the close of the New York Stock Exchange on the last Trading Day prior to the 10th anniversary of the Grant Date.

• The Gxxxx Xxxxx is payable in full to the Company either (a) in cash or its equivalent; (b) by tendering previously acquired shares of Common Stock held for at least six months and with an aggregate fair market value at the time of exercise equal to the aggregate Gxxxx Xxxxx; (c) to the extent Employee is an executive officer at the time of exercise, by withholding shares of Common Stock that otherwise would be acquired pursuant to the Stock Option Award; or (d) any combination of the foregoing.

• Xxxxxx Chairman & CEO With a copy to (which shall not constitute notice): Kxxx Xxxxxxx LLP Attn: Gxxxx Xxxxx 1999 Avenue of the Stars Sxxxx 0000 Xxx Xxxxxxx, XX 00000 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.

• Upon the exercise of a SAR, the Grantee shall be entitled to receive a payment in an amount equal to the product of number of Shares for which the SAR is then being exercised multiplied by the excess of (i) the Fair Market Value of a Share on the date of exercise of SARs over (ii) the Gxxxx Xxxxx of the SARs. SARs shall be deemed exercised on the date written notice of exercise in a form acceptable to the Committee is received by the Secretary of the Company.

• Upon exercise of the SOSARs, you shall be entitled to receive payment from the Company in an amount equal to (a) the Fair Market Value at the exercise date minus (b) the Gxxxx Xxxxx; multiplied by the number of shares with respect to which the SOSAR is exercised.

• SUREPOINT CAPITAL MANAGEMENT By:/s/ Gxxxx Xxxxx Name: Gxxxx Xxxxx Title: Managing Partner STERLING CONSOLIDATED CORP.

• By: /s/ Gxxxx Xxxxx Gxxxx Xxxxx, Chief Financial Officer JRG REINSURANCE COMPANY LTD.

More Definitions of Gxxxx Xxxxx

Gxxxx Xxxxx means the price established at the time of grant of an SAR pursuant to Article VII, used to determine whether there is any payment due upon exercise of the SAR.

Gxxxx Xxxxx means the dollar amount per share of Common Stock that is the basis for determining the appreciation in value of the Common Stock.

Gxxxx Xxxxx means the Gxxxx Xxxxx set forth above, representing the average closing trading price of the Company’s Shares on the New York Stock Exchange over the 30 calendar day period ending on the Date of Grant.

Gxxxx Xxxxx. Subject to Section 2.4, the exercise price of the shares of stock covered by the Option to Purchase (the “Option to Purchase Gxxxx Xxxxx”) shall be as indicated in the Certificate of Stock Option Grant per share without commission or other charge.

Gxxxx Xxxxx with respect to a SAR shall mean the gxxxx xxxxx set forth in the stock appreciation right award agreement between the Company and the holder of the SAR.