Example Definitions of "Valuation"
Valuation. Valuation of a Deferred Stock Unit based on changes in the Fair Market Value of the Stock, as determined by the Board or the Administrator pursuant to the Plan.
Valuation. A valuation prepared by the Petroleum Engineers as of December 31 of each year (and as of such other times as a Majority may determine) of the Working Interests, subject to any adjustments as are set forth or agreed-to in the Schedules.
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