Repurchase Value
Repurchase Value. Shall mean the Fair Market Value in the event the Award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the Award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the Award.
Found in
VIRAGEN INC contract
Repurchase Value. Means the fair market value of the Vested Interests being repurchased as of the date of termination of employment or service as determined by the Board in good faith, less any distributions paid with respect to such Vested Interests after such date.
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