Fair Market Value Definition Example with 4 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. As of any date, the value of the Common Stock determined as follows: (i) If the Common Stock is listed on any (i) established stock exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) national market system or (iii) automated quotation system on which the shares of Common Stock are listed, quoted or traded, its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted on such exchange or system for... such date or, if there is no closing sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is not listed on an established securities exchange, national market system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock on such date, the high bid and low asked prices for a share of Common Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or; (iii) If the Common Stock is neither listed on an established securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be determined in good faith by the Administrator.View More
Fair Market Value. As of a share of Stock shall mean, on any date, the value of the Common Stock determined as follows: (i) date: (a) If the Common Stock is (i) listed on any (i) established stock securities exchange (such as the New York Stock Exchange, the NASDAQ Global Market Market, and the NASDAQ Global Select Market), (ii) listed on any national market system system, or (iii) listed, quoted, or traded on any automated quotation system on which system, the shares of Common Stock are listed, quoted or traded,... its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted on such exchange or system for such date or, if there is no closing sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator Committee deems reliable; (ii) reliable, (b) If the Common Stock is not listed on an established securities exchange, national market system system, or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its the Fair Market Value shall be the average of the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock on such date, the high bid and low asked prices for a share of Common Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator Committee deems reliable; or; (iii) reliable, or (c) If the Common Stock is neither listed on an established securities exchange, national market system system, or automated quotation system nor regularly quoted by a recognized securities dealer, its the Fair Market Value shall be determined established by the Committee in good faith by the Administrator. reasonable application of a reasonable valuation method, in a manner consistent with Section 409A of the Internal Revenue Code of 1986, as amended. View More
Fair Market Value. As as of any date, the value of the a share of Common Stock determined as follows: (i) (a) If the Common Stock is listed on any (i) established stock exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) Exchange or other securities exchange or national market system or (iii) automated quotation system on which as may at the shares applicable time be the principal market for the Common Stock (an 'Applicable Exchange'), the value of a... share of Common Stock are listed, quoted or traded, its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted on such exchange or system Applicable Exchange for such date or, date, or if there is no closing sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) (b) If the Common Stock is not listed on an established securities exchange, national market system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value dealer but closing sales prices are not reported, the value of a share of Common Stock shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock on such date, the date in question, the high bid and low asked prices for a share of Common Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or; (iii) or (c) If the Common Stock is neither listed on an established securities exchange, national market system or automated quotation system Applicable Exchange nor regularly quoted by a recognized securities dealer, its Fair Market Value the value of a share of Common Stock shall be determined established by the Administrator in good faith by the Administrator. in whatever manner it considers appropriate View More
Fair Market Value. As as of any date, the value of the a share of Common Stock determined as follows: (i) If the Common Stock is listed on any (i) established stock exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) Market) or national market system or (iii) automated quotation system on which the shares of Common Stock are listed, quoted or traded, system, its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted... on such exchange or system for such date date, or, if there is no closing sales price for a share of Common Stock on the date in question, the closing sales price for a share of Common Stock stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; (ii) If the Common Stock is not listed on an established securities exchange, stock exchange or national market system or automated quotation system, , but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock on such date, the high bid and low asked prices for a share of Common Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; or; or (iii) If In the absence of such markets for the Common Stock is neither listed on an established securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its Stock, the Fair Market Value shall be determined in good faith by the Administrator. Board View More
Fair Market Value. As of any a Common Share shall mean, on a given date, the value of the Common Stock determined as follows: (i) If the Common Stock is Shares are (A) listed on any (i) established stock securities exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) (B) listed on any national market system or (iii) automated quotation system on which the shares of Common Stock are (C) listed, quoted or traded, its traded on any automated quotation... system, the Fair Market Value shall be the closing sales price for a share of Common Stock Share as quoted on such exchange or system for such date or, if there is no closing sales price for a share of Common Stock Share on the date in question, the closing sales price for a share of Common Stock Share on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator Committee deems reliable; (ii) If the Common Stock is Shares are not listed on an established securities exchange, national market system or automated quotation system, but the Common Stock is Shares are regularly quoted by a recognized securities dealer, its the Fair Market Value shall be the average of the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock Share on such date, the high bid and low asked prices for a share of Common Stock Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator Committee deems reliable; or; or (iii) If the Common Stock is Shares are neither listed on an established securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be determined established by the Committee in good faith by the Administrator. faith. View More
