Fair Value Transfer

Fair Value Transfer. Means the pre-tax fair value of equity awards granted during a fiscal year. Fair Value Transfer is calculated as follows, for any particular fiscal year of the Company: (i) options are valued using the weighted-average fair value of options granted during the year using the Black-Scholes option pricing model; (ii) restricted shares are valued at Market Price (as defined in the Warrant) on grant date; and (iii) performance shares are valued at Market Price on grant date using target number of... shares; cash-based LTI awards are valued at grant-date target value. Exhibit M to the Securities Purchase Agreement is an example of the Agreed Fair Value Transfer calculation for the described options on the assumptions set forth in such Exhibit M. View More