Closing Value

Closing Value. : (i) in the event a Participant's employment is terminated on account of a Qualified Termination Event, an amount equal to the Fair Market Value as of the date of such Qualified Termination Event; (ii) in the event of a Company Sale prior to a Qualified Termination Event, an amount equal to the Fair Market Value as of the effective date of the Company Sale; or ... (iii) in the event of a Change in Control prior to a Qualified Termination Event, an amount equal to the Fair Market Value as of the effective date of the Change in Control. View More

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