Appreciation Value
Appreciation Value. Means the appreciation in the Fair Market Value of a Share for purposes of determining payments to be made to a Grantee, and shall be measured by determining the amount equal to the Fair Market Value of a Share on the exercise date minus the exercise price of the SAR being exercised.
Appreciation Value. Associated with an Award shall mean the product derived by multiplying (i) the excess, if any, of (A) the Final Value of each Appreciation Unit subject thereto on the date on which such Appreciation Unit is canceled, less (B) the Base Value associated with each such Appreciation Unit, and (ii) the number of Appreciation Units (including fractions thereof) subject to such Award.
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VOXX International Corp contract