Stock Option Value definition

Stock Option Value means the value of a Stock Option for one share of Stock on the relevant date as determined by an outside firm selected by the Company.

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Stock Option Value means that aggregate value of the Stock Option Shares, determined by multiplying the Stock Option Shares by 98% of the average of the closing prices of UDC common stock on the NASDAQ National Market or on such other market as such stock may be traded, for the 10 trading days immediately preceding the Exercise Date.

Stock Option Value means the aggregate value of the Stock Option Shares, determined by multiplying the Stock Option Shares by 98% of the average of the closing prices of UDC common stock on the NASDAQ National Market or on such other market as such stock may be traded, for the 10 trading days immediately preceding the Exercise Date.

Examples of Stock Option Value in a sentence

• The number of shares of common stock subject to the Annual Grant of options shall be equal to the aggregate value of the Annual Grant as determined in section (1) divided by the value of the stock options as determined by the Black-Scholes Pricing Model (the "Stock Option Value"), not to exceed 2.499% of the total number of shares of the Company's common stock currently outstanding on the date of the Annual Grant.

• The aggregate value of the grant of these options shall be determined by the Black-Scholes Pricing Model (the "Stock Option Value").

• In the event the Company issues the Stock Option Shares, Cygnet will thereafter pay over to the Company all of FMAC's share of the cash distributions under the Excess Collections Split up to the Stock Option Value.

• If at the time of such termination the Stock Option Value would be a positive number, Employee shall forfeit Existing Stock Options and Subsequent Stock Options then exercisable having a Stock Option Value determined in accordance with Section 2(c) equal to the lesser of the then total Stock Option Value or $600,000.

• On the Exercise Date, the aggregate value of the Stock Option Shares shall be determined by multiplying the Stock Option Shares by 98% of the average of the closing prices for the previous 10 trading days of UDC common stock on the NASDAQ National Market or such other market as such stock may be traded (the "Stock Option Value").

• As consideration for the Longevity Merger, the Company Stockholders collectively shall be entitled to receive from Holdco, in the aggregate, a number of shares of Holdco Common Stock with an aggregate value equal to (a) (i) $128,000,000 less (ii) the Converted Stock Option Value less (iii) the Converted Warrant Value, if any, divided by (b) the Redemption Price (the “Merger Consideration”).

• Once UDC has received cash distributions equal to the Stock Option Value (without regard to any post-issuance change in the market value of the issued Stock Option Shares), the Debtor shall be entitled to and shall retain the remaining portion of the Debtor's Split, if any, in excess of the Stock Option Value.

• In the event of such termination, Employee shall be entitled to continue to receive (a) his Base Salary at the then current rate for a period of one year following the date of termination; provided that the Company shall be entitled to a credit against payments of such Base Salary equal to the Stock Option Value Credit, if any and (b) all other benefits to which Employee is entitled hereunder for a period of two years following the date of termination.

• In the event that UDC exercises the Stock Option, and delivers the Stock Option Shares to the Debtor, UDC shall be entitled to receive and retain the Debtor's 82-1/2% share of cash distributions on the B Pieces and the Owned Loans under the Excess Collections Split (the "Debtor's Split") from and after the Exercise Date until UDC has received or retained cash distributions thereon equal to the Stock Option Value.

• To the extent the Stock Option Value exceeds the accrued Long-Term Incentive Bonus, the Company shall be entitled to certain credits as provided in this Agreement equal to the lesser of such excess or $600,000 (the "Stock Option Value Credit").

More Definitions of Stock Option Value

Stock Option Value means the value of a Stock Option for one share of Stock on the relevant date as determined by the Company using the Black Scholes pricing model or any other reasonable method.

Stock Option Value shall equal the (a) the sum of the products of the Option Margin for each Existing Stock Option and each Subsequent Stock Option which has a positive Option Margin at the time of determination of the Option Margin for each Existing Stock Option and each Subsequent Stock Option times the number of shares of stock subject to such Existing Stock Options and Subsequent Stock Options which are exercisable by the Employee at the end of such four-year period (or the date of Employee's termination, as the case may be) minus (b) $500,000. For purposes of this Agreement, the Option Margin for each Existing Stock Option and each Subsequent Stock Option shall mean the difference between (a) the average closing price for the Company's common stock, par value $.01 per share, as reported by the New York Stock Exchange, for the twenty (20) trading days immediately prior to the end of such four-year term (or the date of Employee's termination, as the case may be) and (b) the applicable option price of each such Existing Stock Option and

Stock Option Value of any In Money Stock Option is the number of shares of Common Stock of Borrower for which such In Money Stock Option can be exercised multiplied by the difference between the last closing price per share of Common Stock of Borrower on the Nasdaq Stock Market LLC and the strike per share of Borrower’s Common Stock for such In Money Stock Option.

Stock Option Value means the value computed by (A) multiplying the number of Employee's then vested Stock Options on the date of termination by the closing price of the Company's common stock on the NASDAQ NMS on the date immediately preceding the date of termination (unless Employee is prevented from trading any securities of the Company on the date of termination due the Company's standard trading prohibition policies and procedures, in which case the Stock Option Value shall be determined on the first day after such trading prohibition is lifted), and (B) deducting an amount equal to the exercise price of the vested Stock Options multiplied by the number of vested Stock Options on the date of termination. Other than as set forth in is paragraph, the Company shall have no further obligation to Employee hereunder other than accrued but unpaid obligations. However, if, prior to the date specified in such notice, the Employee's illness or incapacity shall have terminated and he shall have taken up the performance of his duties hereunder, the Employee shall be entitled to renew his employment and receive the compensation payable hereunder as though such notice had not been given.

Stock Option Value means, with respect to each share of FIBS common stock which is subject to purchase under a Stock Option, the Stock Value minus the Stock Option Exercise Price applicable to such share at the time of exercise of the Stock Option.