Initial Share Price

Initial Share Price. Means the average of the daily closing prices per share of an Index Company's common stock, as reported on the stock exchange or market on which such stock is listed, for the 30 Trading Days commencing on (and, if applicable, including) the first day of the Performance Period, as adjusted for stock splits or similar changes in capital structure and assuming any dividends distributed during the Performance Period are reinvested on the applicable ex-dividend date for additional shares of the... applicable Index Company's common stock. View More

Initial Share Price. Section 4. Payment of Award. (a) Payment. This Share Unit Award shall be payable in that number of Common Shares determined by multiplying the number of Share Units by the Performance Multiplier. For purposes of this Award Agreement, the "Performance Multiplier" shall be as follows: (i) In the case of a Share Unit Award that vests on a Scheduled Vesting Date or on an Employment Termination Vesting Date, the Performance Multiplier shall be the average of the closing prices of the Common... Shares on the New York Stock Exchange or, if the Common Shares are not traded on the New York Stock Exchange, such other exchange or securities market on which the Common Shares are traded (the "Exchange") for the twenty trading days ending on the last day of the fiscal quarter immediately preceding the third anniversary of the Date of Grant divided by the average of the closing prices of the Common Shares on the Exchange for the twenty trading days ending on the last day of the fiscal quarter immediately preceding the Date of Grant (the denominator, the "Initial Share Price"); View More