Fair Market Value Definition Example with 237 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 Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal... or such other source as the Administrator deems reliable; (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator View More

Variations

Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq National Global Select Market, the Nasdaq Global Market or The the Nasdaq SmallCap Capital Market of The Nasdaq Stock Market, its Fair Market Value shall fair market value will be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange... or system on the day date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 2 (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share of Common Stock shall its fair market value will be the mean between of the high closing bid and low asked prices for the Common Stock on the last market trading day on the day date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) In the absence of an established market for the Common Stock, the Fair Market Value shall fair market value thereof will be determined in good faith by the Administrator Administrator. View More
Fair Market Value. As of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq National Global Market, the Nasdaq Global Select Market or The the Nasdaq SmallCap Market of The Nasdaq Stock Capital Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, (or, if no closing sales were price was reported on that date, as applicable, on... the last trading date such closing sales price was reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the its Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day of determination (or, if no bids and asks were reported on that date, as applicable, on the day of determination, as reported in The Wall Street Journal or last trading date such other source as the Administrator deems reliable; bids and asks were reported); or (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator Board View More
Fair Market Value. As of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any one or more established stock exchange exchanges or a national market system, systems, including without limitation the Nasdaq National The NASDAQ Global Select Market, The NASDAQ Global Market or The Nasdaq SmallCap NASDAQ Capital Market of The Nasdaq NASDAQ Stock Market, Market LLC, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were... reported) as quoted on such the principal exchange or system on which the day Common Stock is listed (as determined by the Administrator) on the date of determination, determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such stock as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of a Share share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day date of determination (or, if no such prices were reported on that date, on the day of determination, last date such prices were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) In the absence of an established market for the Common Stock, Stock of the type described in (i) and (ii), above, the Fair Market Value thereof shall be determined by the Administrator in good faith by the Administrator and in a manner consistent with Applicable Laws. View More
Fair Market Value. As means, as of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any one or more established stock exchange exchanges or a national market system, systems, including without limitation the Nasdaq National The NASDAQ Global Select Market, The NASDAQ Global Market or The Nasdaq SmallCap NASDAQ Capital Market of The Nasdaq NASDAQ Stock Market, Market LLC, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no... sales were reported) as quoted on such the principal exchange or system on which the day Common Stock is listed (as determined by the Administrator) on the date of determination, determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such stock as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of a Share share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day date of determination (or, if no such prices were reported on that date, on the day of determination, last date such prices were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 4 (iii) In the absence of an established market for the Common Stock, Stock of the type described in (i) and (ii), above, the Fair Market Value thereof shall be determined by the Administrator in good faith by the Administrator and in a manner consistent with Applicable Laws. View More
Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange Stock Exchange or a national market system, including without limitation the Nasdaq National Global Market, the Nasdaq Global Select Market or The the Nasdaq SmallCap Market of The Nasdaq Stock Capital Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, (or, if no closing sales were price was reported on that date,... as applicable, on the last trading date such closing sales price was reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the its Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day of determination (or, if no bids and asks were reported on that date, as applicable, on the day of determination, last trading date such bids and asks were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator View More
Fair Market Value. As as of any date, the value of the Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, including without limitation traded on any established market, the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system market (or the exchange or market with the greatest volume of trading in the Common Stock) on the day date of determination, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; (ii) If reliable. Unless otherwise provided by the Common Stock Board, if there is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices no closing sales price for the Common Stock on the last market trading day date of determination, then the Fair Market Value shall be the closing selling price on the day of determination, as reported in The Wall Street Journal or last preceding date for which such other source as the Administrator deems reliable; or (iii) quotation exists. (ii) In the absence of an established market such markets for the Common Stock, the Fair Market Value shall be determined by the Board in good faith by the Administrator faith. View More
Fair Market Value. As means, as of any date, the value of the Common Stock determined as follows: (i) If the Common Stock is listed on the OTC Bulletin Board, any established stock exchange or a national market system, including without limitation traded on the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing bid, mean between the bid and asked prices, if no sales... were closing price is reported) as quoted on such exchange or system market (or the exchange or market with the greatest volume of trading in the Common Stock) on the last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; (ii) reliable. If fair market value is to be determined as of a day when the Common Stock is regularly quoted by a recognized securities dealer but selling prices markets are not reported, open, the Fair Market Value of a Share of Common Stock on that day shall be the mean between the high bid and low asked prices for the Common Stock Fair Market Value on the last market trading preceding day on when the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) markets are open. (ii) In the absence of an established market such markets for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator Committee. View More
Fair Market Value. As means, as of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, system including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, the National Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ") System, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were ... class="diff-color-red">reported) reported), as quoted on such system or exchange, or the exchange or system on with the greatest volume of trading in Common Stock, for the last market trading day prior to the time of determination, determination as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is quoted on the NASDAQ System (but not on the National Market thereof) or regularly quoted by a recognized securities dealer but selling prices are not reported, the its Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or or; (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator Administrator. View More
Fair Market Value. As means, as of any date, the value of Common Stock determined as follows: (i) If the Common Stock is listed on any established stock exchange or a national market system, system including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, the National Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ") System, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were ... class="diff-color-red">reported) reported, as quoted on such system or exchange, or the exchange or system on with the greatest volume of trading in Common Stock, for the last market trading day prior to the time of determination, determination) as reported in The Wall Street Journal or such other source as the Administrator deems reliable; (ii) If the Common Stock is quoted on the NASDAQ System (but not on the National Market thereof) or regularly quoted by a recognized securities dealer but selling prices are not reported, the its Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or or; (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator Administrator. View More
Fair Market Value. As as of any date, the value of the Class A Common Stock determined as follows: (i) If the Class A Common Stock is listed on any established stock exchange or a national market system, including without limitation traded on the Nasdaq National Market or The the Nasdaq SmallCap Market of The Nasdaq Stock Market, its the Fair Market Value of a share of Class A Common Stock shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or... system market (or the exchange or market with the greatest volume of trading in the Class A Common Stock) on the market trading day of the day of determination or, if the day of determination is not a market trading day, the last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source as the Administrator Board deems reliable; reliable. (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (iii) In the absence of an established market such markets for the Class A Common Stock, the Fair Market Value shall be determined in good faith by the Administrator Board based upon an independent appraisal in compliance with Section 409A of the Code or, in the case of an Incentive Stock Option, in compliance with Section 422 of the Code View More
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