Grant Value Basis

Grant Value Basis. With respect to a Participant's Award Agreement made in any year, the value of a Participant's Employer as of the end of the preceding Plan Year, as determined by the Committee pursuant to Sections 3.29 — 3.32 and specified in the Participant's Award Agreement. The Grant Value Basis of a Subsidiary acquired by the Company after January 1, 2019 shall be the acquisition price of the Subsidiary, as determined by the Committee