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 as determined below. If the Common Stock is listed on any established stock exchange or a national market system, including, without limitation, the NASDAQ Stock Market, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported the closing price on the date immediately preceding such date) 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 Committee deems reliable. In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Committee in accordance with Section 409A of the Code, and such determination shall be conclusive and binding on all persons. View More

Variations

Fair Market Value. As as of any date, the value of the shares of Common Stock as determined below. If the Common Stock is shares are listed on any established stock exchange or a national market system, including, without limitation, the NASDAQ New York Stock Exchange or the Nasdaq Stock Market, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported reported, the closing price on the date immediately preceding such date) as quoted on such exchange or system on... the day of determination, as reported in the The Wall Street Journal or such other source as the Committee deems reliable. Journal. In the absence of an established market for the Common Stock, shares, the Fair Market Value shall be determined in good faith by the Committee in accordance with Section 409A of the Code, and such determination shall be conclusive and binding on all persons. persons View More
Fair Market Value. As as of any date, the value of the Common Stock as determined below. If the Common Stock is listed on any established stock exchange or a national market system, including, including without limitation, the OTCBB, the New York Stock Exchange or the NASDAQ Stock Market, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported the closing price on the date immediately preceding such date) 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 Committee deems reliable. In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Committee in accordance with Section 409A of the Code, and such determination shall be conclusive and binding on all persons. View More
Fair Market Value. As as of any date, the value of the Common Stock as determined below. If the Common Stock is listed on any established national stock exchange exchange, inter-dealer quotation system, or a national over-the-counter market system, including, that reports closing prices, including without limitation, the NASDAQ New York Stock Market, Exchange, NYSE MKT, Nasdaq, or the OTC Bulletin Board, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported the... closing price on the date immediately preceding such date) 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 Board or Committee deems reliable. In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Board or Committee, using such methods as the Board or Committee in accordance with Section 409A of determines to be reasonable under the Code, circumstances, and such determination shall be conclusive and binding on all persons. View More
Fair Market Value. As as of any date, the value of the Common Stock as determined below. If the Common Stock is listed on any established stock exchange or a national market system, including, including without limitation, the NASDAQ New York Stock Exchange or the Nasdaq Stock Market, the Fair Market Value shall be the closing price of a share of Common Stock (or if no sales were reported the closing price on the date immediately preceding such date) 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 Committee deems reliable. Journal.. In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Committee in accordance with Section 409A of the Code, and such determination shall be conclusive and binding on all persons. View More
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