Redemption Value

Redemption Value. Of any share of Series A Preferred Stock as of any particular date shall be equal to $1,000.00, subject to adjustment for any stock splits, dividends or recapitalization.

Redemption Value. Of a share of Common Stock on any date means the higher of: (1) the book value of a share of Common Stock as of the end of the fiscal quarter of the Company immediately preceding the valuation date (2) if the shares are listed on a national stock exchange, the average of the highest and lowest sale prices of a share of Common Stock on the business day next prior to that date. In the event no sales are made on such day, the Redemption Value for such day shall be deemed to be (i) the average of... the closing bid and asked prices for that day on the principal stock exchange on which the shares are traded; (ii) if the shares are not listed on any such exchange, the average of the closing bid and asked prices of a share of Common Stock quoted by the NASDAQ System on the business day next prior to such date; or (iii) if the shares are neither listed on a national stock exchange nor quoted on the NASDAQ System, the higher of: (A) the most recent valuation of a shar e of Common Stock for the Company's Employee Stock Ownership Plan; or (B) the average price per share of Common Stock at the most recent public auction of shares of Common Stock which is determined to be a representative auction by the Committee. View More

Redemption Value. Of Corresponding Securities shall mean: (i) with respect to Publicly Traded securities, (x) if a Redemption Request has not been made by the Participant or (y) if a Redemption Request has been made by the Participant in accordance with Section 4(f) and the Hedging Entity (or if applicable the Affiliated Entity) sells the Underlying Securities, the... gross proceeds (less commissions and any other expenses) received by the Hedging Entity, or if applicable the Affiliated Entity, from the sale of Underlying Securities, including equity which was the result of a conversion from convertible debt, when the Hedging Entity, or if applicable Affiliated Entity, participates as a selling shareholder in an initial public offering of such equity, or sale pursuant to Rule 144, or otherwise; (ii) with respect to Publicly Traded securities, if a Redemption Request has been made by the Participant in accordance with Section 4(f) and the Hedging Entity, or if applicable the Affiliated Entity, does not sell the Underlying Securities, the closing quoted market price for the sale of Underlying Securities on the seventh calendar day after the date the Redemption Request is received by the Administrator. If that seventh calendar day is a day on which the exchange on which the Publicly Traded securities are sold is not open, the Redemption Value shall be the closing quoted market price for the sale of Underlying Securities on the first trading day after that seventh calendar day; (iii) with respect to debt securities, the principal amount received by the Hedging Entity, or if applicable Affiliated Entity, upon the sale or retirement of such Underlying Securities; (iv) with respect to any acquisition, reorganization or merger of the issuer of Underlying Securities, where the Hedging Entity, or if applicable Affiliated Entity, actually receives cash for its Underlying Securities, the Redemption Value of Corresponding Securities shall mean the amount of cash actually received in any such transaction, including Earn-out Payments (received over time); or (v) in the event of employment termination, the initial stated acquisition price of the Corresponding Securities not yet redeemed. In no event, however, shall the Redemption Value of Corresponding Securities be less than the initial stated acquisition price of the Corresponding Securities. View More

Redemption Value. The value assigned by the Board to a Performance Unit on the Redemption Date in accordance with Section 11.