Monthly Average Price definition

Monthly Average Price shall be calculated by adding the closing sales price of one share of the Common Stock as reported by the Exchange for each Trading Day in a given calendar month and dividing such sum by the total number of Trading Days in such month. For the purposes of this Agreement, “Exchange” shall mean the NASDAQ Global Market or the primary securities exchange on which the Company’s common stock is then listed or quoted, and “Trading Day” shall mean any day on which the Common Stock is listed or quoted and traded on the Exchange. For example, if there are 20 Trading Days in each calendar month and the Monthly Average Price was $12.00 in January 2009, $13.50 in February 2009 and $17.00 in March 2009, and if Optionee had continuously provided Service from the date of this Agreement through the end of March 2009, then the first installment (or 125,000 of the Shares) shall vest on March 31, 2009 [(($12.00 ´ 20) + ($13.50 ´ 20) + ($17.00 ´ 20))/60 = $14.16.]. In no event shall any Shares vest after October 15, 2012. Notwithstanding the Continuous Service Requirement, to the extent one or both of the milestones set forth above have not been achieved, if the Monthly Average Price of the Common Stock equals or exceeds $8.00 (or $6.00 if the first milestone has not been achieved), as adjusted for any stock dividends, splits, combinations or similar events with respect to the Common Stock after the date of this Agreement, for either (A) each of the last two completed calendar months immediately prior to (x) the termination of Optionee’s employment (other than for Cause (as defined in Section 3(e)) or due to death or Disability (as defined in Section 3(f)) or (y) Optionee’s resignation for Good Reason or (B) the last completed calendar month immediately prior to such termination or resignation, then the consecutive three calendar month period used for determining whether the milestones have been met may include the one or two calendar months, as the case may be, immediately following the last completed calendar month prior to such termination or resignation to complete the three month determination period, provided that the last day of such three month period falls on or prior to October 15, 2012. For example, assuming none of the Shares have vested and assuming there are 20 Trading Days in each month, if Optionee resigns for Good Reason prior to September 30, 2012 and the Monthly Average Prices for the two calendar months immediately prior to such resignation were $14.00 and ...

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Monthly Average Price. (MAP) means the weighted average London Metal Exchange copper price in respect of JI calendar month calculated in accordance with the following formula:

Monthly Average Price shall be calculated by adding the closing sales price of one share of the Common Stock as reported by the Exchange for each Trading Day in a given calendar month and dividing such sum by the total number of Trading Days in such month. For the purposes of this Agreement, “Exchange” shall mean the NASDAQ Global Market or the primary securities exchange on which the Company’s common stock is then listed or quoted, and “Trading Day” shall mean any day on which the Common Stock is listed or quoted and traded on the Exchange. For example, if there are 20 Trading Days in each calendar month and the Monthly Average Price was $4.75 in January 2010, $5.50 in February 2010 and $5.00 in March 2010, and if Optionee had continuously provided Service from the date of this Agreement through the end of March 2010, then the Options shall vest on March 31, 2010 [(($4.75 ´ 20) + ($5.50 ´ 20) + ($5.00 ´ 20))/60 = $5.08.]. In no event shall any Shares vest after the fifth anniversary of the date of this Agreement. Notwithstanding the Continuous Service Requirement, to the extent one or both of the milestones set forth above have not been achieved, if the Monthly Average Price of the Common Stock equals or exceeds $5.00, as adjusted for any stock dividends, splits, combinations or similar events with respect to the Common Stock after the date of this Agreement, for either (A) each of the last two completed calendar months immediately prior to (x) the termination of Optionee’s employment (other than for Cause (as defined in Section 3(e)) or due to death or Disability (as defined in Section 3(f)) or (y) Optionee’s resignation for Good Reason or (B) the last completed calendar month immediately prior to such termination or resignation, then the consecutive three calendar month period used for determining whether the milestones have been met may include the one or two calendar months, as the case may be, immediately following the last completed calendar month prior to such termination or resignation to complete the three month determination period, provided that the last day of such three month period falls on or prior to the fifth anniversary of the date of this Agreement. For example, assuming none of the Shares have vested and assuming there are 20 Trading Days in each month, if Optionee resigns for Good Reason prior to September 30, 2012 and the Monthly Average Prices for the two calendar months immediately prior to such resignation were $5.00 and $4.75, then the calendar month ...

Examples of Monthly Average Price in a sentence

For example, if there are 20 Trading Days in each calendar month and the Monthly Average Price was $12.00 in January 2009, $13.50 in February 2009 and $17.00 in March 2009, and if Optionee had continuously provided Service from the date of this Agreement through the end of March 2009, then the first installment (or 125,000 of the Shares) shall vest on March 31, 2009 [(($12.00 ´ 20) + ($13.50 ´ 20) + ($17.00 ´ 20))/60 = $14.16.].
The final monthly invoice shall be based on an amount equal to the (i) Monthly Average Price per short ton multiplied by the (ii) sum of short tons delivered or taken as stated in the weekly provisional invoices during the Month that have an invoice date during said Month.
The Contractor may be assessed a price increase or decrease (as outlined in the Unit Price Adjustment Tables) to the unit prices for Excavation Common, Asphalt Concrete (all Mix Types), Gravels (Type 1, Type 2 and Type 1S), Pulverization, Partial Depth Reclamation and Full Depth Reclamation if the Monthly Average Price for Self - Service Diesel Fuel differs by more than +/- 5% from the month in which this Tender closes and the price on May 15th, 2018.
The EITSI contractor will manage the EITS Environment and assist the Government in providing oversight of the SPs for the benefit of the DHA, MHS, and Mission Partners.
For example, if there are 20 Trading Days in each month and the Monthly Average Price was $4.75 in January, $5.50 in February and $5.00 in March, then the shares subject to this option shall vest on March 31 [(($4.75*20) + ($5.50*20) + ($5.00*20))/60 = $5.08].
The Contractor may be assessed a price increase or decrease (as outlined in the Unit Price Adjustment Tables) to the unit prices for Excavation Common, Asphalt Concrete (all Mix Types), Gravels (Type 1, Type 2 and Type 1S), Pulverization, Partial Depth Reclamation and Full Depth Reclamation if the Monthly Average Price for Self - Service Diesel Fuel differs by more than +/- 5% from the month in which this Tender closes and the price on May 13th, 2016.
For example, if there are 20 Trading Days in each month and the Monthly Average Price was $12.00 in January, $13.50 in February and $17.00 in March, then the first installment or 125,000 of the shares subject to this option shall vest on March 31 [(($12*20) + ($13.50*20) + ($17.00*20))/60 = $14.16].
The final monthly invoice shall be based on an amount equal to the Monthly Average Price per short ton multiplied by the sum of short tons delivered or taken as stated in the weekly provisional invoices during the Month that have an invoice date during said Month.
If during the Employment Period, the average of the Monthly Average Price (as defined below) of the Company’s common stock over any consecutive three months reaches $5 per share, the shares shall vest as of the last day of such period.
The Contractor may be assessed a price increase or decrease (as outlined in the Unit Price Adjustment Tables) to the unit prices for Excavation Common, Asphalt Concrete (all Mix Types), Gravels (Type 1, Type 2 and Type 1S), Pulverization, Partial Depth Reclamation and Full Depth Reclamation if the Monthly Average Price for Self - Service Diesel Fuel differs by more than +/- 5% from the month in which this Tender close and the price on May 16th, 2020, for all eligible work completed after May 16th, 2020.

More Definitions of Monthly Average Price

Monthly Average Price. (MAP) means the weighted average

Monthly Average Price shall be calculated by adding the closing sales price reported by the Exchange for each Trading Day in a given month and dividing such sum by the total number of Trading Days in such month. For the purposes of this Agreement, a “Trading Day” shall mean any day on which the Company’s common stock is listed or quoted and traded on the Exchange. For example, if there are 20 Trading Days in each month and the Monthly Average Price was $12.00 in January, $13.50 in February and $17.00 in March, then the first installment or 125,000 of the shares subject to this option shall vest on March 31 [(($12*20) + ($13.50*20) + ($17.00*20))/60 = $14.16]. In addition, if the average of the Monthly Average Price of the Company’s common stock exceeds one or both of the unachieved milestones set forth above for either (i) the two calendar months immediately prior to Executive’s termination of employment (other than for Cause or due to death or Disability) or Executive’s resignation for Good Reason, or (ii) the last completed calendar month immediately prior to such termination or resignation, then the consecutive three month period used for determining whether the milestones have been met may include one or two months following the date of such termination or resignation, as the case may be, to complete the three month determination period. For example, assuming the performance option has not yet vested and assuming there are 20 Trading Days in each month, if the Monthly Average Prices for the two months prior to such termination or resignation were $14.00 and $16.00, then the calendar month during which Executive’s employment ceased may be included in the three month determination period for the purposes of calculating whether the vesting requirement has been met, even though Executive was terminated in the first week of such month. Both of the foregoing options will be granted pursuant to the Company’s 2007 New Employee Incentive Plan (the “Plan”), and will be subject to the terms and conditions of the Plan in effect as of the grant date and the related stock option agreements. The exercise price for both options shall be equal to the closing sales price of the Company’s common stock as reported by the Exchange on the date of grant of the options. Only the first option shall have provisions to accelerate the vesting in the event either Executive’s employment is terminated without Cause or Executive resigns for Good Reason within twelve months following a Change in Control as...

Monthly Average Price. : means the arithmetic average of the Daily Official Prices (as defined hereunder) observed during each Exercise Period.