13 Cash Value

Example Definitions of "13 Cash Value"
13 Cash Value. Means the value of the Shares credited to a Participant's Share Award Account, which shall be determined as follows: if the Shares in the Participant's Share 2 Award Account (A) are retained in the Trust or sold to the Company or a Subsidiary, based on the Fair Market Value as of the last day of the month in which the Participant's Termination Date occurs or (B) are sold to any person other than the... Company or a Subsidiary to effect a distribution in cash, the net proceeds of any such sale; provided that, any sale by the Trustee to effect a distribution hereunder shall be effected as of the last day of the month in which the Participant's Termination Date occurs. View More Arrow
All Definitions