Takeover Price

Takeover Price. Means, with respect to any Incentive Stock Option, the Fair Market Value per share of Common Stock on the date such Option is surrendered to the Company in connection with a Hostile Takeover, or in the case of any other Option, such Fair Market Value or, if greater, the highest reported price per share of Common Stock paid by the tender or exchange offeror in effecting such Hostile Takeover.