Initial Value

Example Definitions of "Initial Value"
Initial Value. The amount prescribed by the Committee for purposes of determining the amount payable upon the exercise of a Stock Appreciation Right. The Initial Value cannot be less than 100% of the FMV of the underlying Company Stock on the Date of Grant. If the Committee does not prescribe an Initial Value for a Stock Appreciation Right, the Initial Value shall be 100% of the FMV of the underlying Company Stock on the Date of Grant of the Stock Appreciation Right.
Initial Value. The initial value assigned to each SAR as set forth in Section 2 of the SAR Agreement.
Initial Value. The initial dollar value assigned to a Participant's Parent-Based Awards, as specified in such Participant's Award Agreement
Initial Value. With respect to a Corresponding SAR, the option price per share of the related Option and, with respect to an SAR granted independently of an Option, the price per share of Common Stock as determined by the Board on the date of the grant; provided, however, that the price per share of Common Stock encompassed by the grant if an SAR shall not be less than Fair Market Value on the first business day immediately preceding the date of grant
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