Fair Market Value Definition Example with 4 Variations

Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) (a) Where there exists a public market for the Common Stock, the Fair Market Value shall be (A) the closing price for a Share for on the last market trading day prior to the time date of the determination (or, if no closing price was reported on that date, on the last trading date on which a closing price was reported) on the stock exchange determined by the Administrator to be the primary market for the Common Stock or the... Nasdaq National Market, whichever is applicable or (B) if the Common Stock is not traded on any such exchange or national market system, the average of the closing bid and asked prices of a Share on the Nasdaq Small Cap Market for on the day prior to the time date of the determination (or, if no such prices were reported on that date, on the last date on which such prices were reported), in each case, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (ii) (b) In the absence of an established market for the Common Stock of the type described in (i), above, the Fair Market Value thereof shall be determined by the Administrator in good faith and in a manner consistent with Section 260.140.50 of Title 10 of the California Code of Regulations View More

Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) (1) Where there exists a public market for the Common Stock, the Fair Market Value shall be (A) the closing price for a Share share of Common Stock for the last market trading day prior to the time of the determination (or, (which will generally be the date on which the determination is made as long as the determination is made after the close of market on that date or, if no closing price was reported on that date, on the... last trading date on which a closing price was reported) on the stock exchange determined by the Plan Administrator to be the primary market for the Common Stock or the Nasdaq National Stock Market, whichever is applicable or (B) if the Common Stock is not traded on any such exchange or national market system, exchange, the average of the closing bid and asked prices of a Share on the Nasdaq Small Cap Market share of Common Stock otherwise reported for the day prior to the time of the determination (or, if no such prices were reported on that date, on the last date on which such prices were reported), in each case, as reported in The Wall Street Journal or such other source as the Plan Administrator deems reliable; or (ii) (2) In the absence of an established market for the Common Stock of the type described in (i), (1), above, for the Common Stock, the Fair Market Value thereof shall be determined by the Plan Administrator in good faith and in a manner consistent with Section 260.140.50 of Title 10 of the California Code of Regulations View More

Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) Where there exists a public market for the Common Stock, the Fair Market Value shall be (A) the closing price for a Share for the last market trading day prior to the time of the determination (or, if no closing price was reported on that date, on the last trading date on which a closing price was reported) on the stock exchange determined by the Administrator to be the primary market for the Common Stock or the Nasdaq... National Market, whichever is applicable or (B) if the Common Stock is not traded on any such exchange or national market system, the average of the closing bid and asked prices of a Share on the Nasdaq Small Cap Market for the day prior to the time of the determination (or, if no such prices were reported on that date, on the last date on which such prices were reported), in each case, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (ii) In the absence of an established market for the Common Stock of the type described in (i), above, the Fair Market Value thereof shall be determined by the Administrator in good faith and in a manner consistent with Section 260.140.50 of Title 10 of the California Code of Regulations which requires that consideration be given to (A) the price at which securities of reasonably comparable corporations (if any) in the same industry are being traded, or (B) if there are no securities of reasonably comparable corporations in the same industry being traded, the earnings history, book value and prospects of the issuer in light of market conditions generally View More

Fair Market Value. As as of any date, the value of Common Stock determined as follows: (i) Where where there exists a public market for the Common Stock, the Fair Market Value shall be (A) the closing price for a Share for on the last market trading day prior to the time date of the determination (or, if no closing price was reported on that date, on the last trading date on which a closing price was reported) on the stock exchange determined by the Administrator to be the primary market for the Common Stock or... the Nasdaq NASDAQ National Market, whichever is applicable or (B) if the Common Stock is not traded on any such exchange or national market system, the average of the closing bid and asked prices of a Share on the Nasdaq NASDAQ Small Cap Market for on the day prior to the time date of the determination (or, if no such prices were reported on that date, on the last date on which such prices were reported), in each case, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (ii) In in the absence of an established market for the Common Stock of the type described in (i), above, the Fair Market Value thereof shall be determined by the Administrator in good faith and in a manner consistent with Section 260.140.50 of Title 10 of the California Code of Regulations View More