Common use of Example (for illustrative purposes only) Clause in Contracts

Example (for illustrative purposes only). 1) Undiscounted value of one share of common stock set forth in the third-party valuation: $A 2) Illiquidity discount set forth in the third-party valuation: B% 3) Fair market value of one share of common stock: $44.50 [Represents $A multiplied by (100%-B%)] 4) Black-Scholes multiple: 37.00% 5) Black-Scholes value of one SAR: $16.465 6) Minimum value of SAR grant: $4,900,000 7) Number of SARs to be granted ($4,900,000 / $16.465): 297,601 • All relocation benefits have a 6 month time limit of eligibility from the date of initiation. • All transferees will be required to sign a payback agreement prior to the relocation start. POLICY AREA LEVEL A HOMEOWNER Househunting 7 day trip paid as a lump sum and tax protected. Temporary Living Up to 60 days paid for lodging at new location. Employee must have a “dual” living situation. Paid as a lump sum and tax protected. Final Move Costs Airfare cost. Non taxable.

Appears in 2 contracts

Sources: Employment Agreement (Levi Strauss & Co), Employment Agreement (Levi Strauss & Co)