Spin Off Value

Spin Off Value. Shall mean (a) the value of the ICS Business Unit established in the Spin Off of the ICS Business Unit, as determined by the Committee in its sole discretion, net of transaction costs (excluding income taxes) and other adjustments deemed necessary by the Committee in its sole discretion to reflect the net economic value of such transaction, or (b) if the value of the ICS Business Unit is not readily ascertainable in the sole discretion of the Committee, the Average Annual Business Unit Margin... multiplied by 4.5. View More