Exercise Fair Market Value

Example Definitions of "Exercise Fair Market Value"
Exercise Fair Market Value. As of any date, the last sales price for a Share (or if a Share was not traded on such date, on the next preceding day on which sales of a Share were reported) as quoted on the NASDAQ National Market, or on any other national exchange registered under the Exchange Act upon which the Common Stock is then listed, for the last market trading day prior to such date
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