Fair Market Value Definition Example with 13 Variations
This page contains an example definition of Fair Market Value, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Fair Market Value. Of a share of Common Stock means, as of a particular date, (i) if shares of Common Stock are listed on a national securities exchange, the closing price per share of Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares of Common Stock are listed on that date or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (ii) if shares of Common Stock are... not so listed, but are quoted on the Nasdaq National Market, the closing price per share of Common Stock reported by the Nasdaq National Market on that date or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (iii) if the Common Stock is not so listed or quoted, the closing bid price on that date or, if there are no quotations available for that date, on the last preceding date for which those quotations are available, as reported by the Nasdaq Stock Market or, if not reported by the Nasdaq Stock Market, by the National Quotation Bureau Incorporated or (iv) if shares of Common Stock are not publicly traded, the most recent value determined by an independent appraiser appointed by the Company for that purpose.View More
Fair Market Value. Of of a share of Common Stock means, as of a particular date, (i) if shares of Common Stock are listed on a national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares of Common Stock are listed on that date date, or, if there shall have been no such sale so sales reported on that date, on the last preceding date on which such a sale was so reported, (ii) if shares... of the Common Stock are is not so listed, listed but are quoted is traded on an over-the-counter market, the Nasdaq National Market, mean between the closing bid and asked price per share of Common Stock reported by the Nasdaq National Market on that date date, or, if there shall have been are no such sale so reported on that prices available for such date, on the last preceding date on which such a sale was so reported, (iii) if the Common Stock is not so listed or quoted, the closing bid price on that date or, if there are no quotations available for that date, on the last preceding date for which those quotations are prices shall be available, as reported by the Nasdaq Stock Market or, if not reported by the Nasdaq Stock Market, by the National Quotation Bureau Incorporated Incorporated, or (iv) (iii) if shares of Common Stock are not publicly traded, the most recent value determined by an independent appraiser appointed by the Company for that such purpose. Notwithstanding the foregoing, in the case of any Initial Award the price shall be equal to the Company's fair market value, as determined by the Committee in good faith based upon the available facts and circumstances at the time View More
Fair Market Value. Of of a share of Common Stock means, as of a particular date, (i) (1) if shares of Common Stock are listed on a national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares of Common Stock are listed on that date date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (ii) (2) if ... class="diff-color-red">shares of the Common Stock are is not so listed, but are quoted on the Nasdaq National Market, average of the closing bid and asked price per share of Common Stock reported by the Nasdaq National Market on that date date, or, if there shall have been are no quotations available for such sale so reported on that date, on the last preceding date on which such a sale was so reported, (iii) if the Common Stock is not so listed or quoted, the closing bid price on that date or, if there are no quotations available for that date, on the last preceding date for which those quotations are shall be available, as reported by the Nasdaq Stock Market or, if not reported by the Nasdaq Stock Market, by the National Quotation Bureau Incorporated or (iv) an inter-dealer quotation system, (3) if shares of Common Stock are not publicly traded, the most recent value determined by an independent appraiser appointed by the Company Committee for such purpose, or (4) if none of the above are applicable, the Fair Market Value of a share of Common Stock as determined in good faith by the Committee. This definition of 'Fair Market Value' may also be applied to Marketable Securities, in which case this definition shall mean (1) the closing sales price per share of such Marketable Securities on the consolidated transaction reporting system for the principal national securities exchange or other established securities exchange on which shares of such Marketable Securities are listed on that purpose. date, or, if there shall have been no such sale as reported on that date, on the last preceding date on which such a sale was so reported, or (2) if the sales price is not so reported, the average of the closing bid and asked price on that date, or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by an inter-dealer quotation system View More
Fair Market Value. Of of a share of Common Stock means, as of a particular date, (i) if shares date shall have the following meanings: (A) If Shares of Common Stock are listed on a national securities exchange, Fair Market Value shall mean the closing sales price per share of such Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares Shares of Common Stock are listed on that date date, or, if there shall have been no such sale so reported on... that date, on the last preceding date on which such a sale was so reported, (ii) if shares or, at the discretion of the Committee, the price prevailing on the exchange at the time of exercise. (B) If Shares of Common Stock are not so listed, listed but are quoted on the Nasdaq National Market, by NASDAQ, Fair Market Value shall mean the closing sales price per share of Common Stock reported by on the Nasdaq National Market on that date consolidated transaction reporting system for NASDAQ, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (iii) if or, at the discretion of the Committee, the price prevailing as quoted by NASDAQ at the time of exercise. (C) If the Common Stock is not so listed or quoted, Fair Market Value shall mean the mean between the closing bid and asked price on that date date, or, if there are no quotations available for that such date, on the last preceding date for on which those such quotations are shall be available, as reported by the Nasdaq Stock Market NASDAQ, or, if not reported by the Nasdaq Stock Market, NASDAQ, by the National Quotation Bureau Incorporated or (iv) if shares Incorporated. (D) If Shares of Common Stock are not publicly traded, Fair Market Value shall mean the most recent value determined by an independent appraiser appointed by the Company for that purpose. Committee View More
