Closing Value

Closing Value. Shall mean, as of a particular date, the value of a Share determined by: (i) the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange, or such other established stock exchange or national market system on which the Shares are listed or traded, for the day for which the Closing Value is to be determined. (ii) such other valuation method as required under the applicable Local Law. In the event that the foregoing valuation... method is not practicable, the "Closing Value" shall be determined by such other reasonable valuation method as the Committee shall, in its discretion, select and apply in good faith as of such date. View More