Common use of Initial Value Clause in Contracts

Initial Value. The Board of Directors shall from time to time determine a per share value for the Shares (the "Initial Value") based upon such considerations as the Board of Directors, in its sole discretion, determines to be relevant to such valuation. If a Selling Shareholder or Outside Shareholder (for purposes of this Section 1.35, the "Objecting Party") does not provide written objections to the Company concerning the Initial Value set forth in the Valuation Notice within 10 days after the date of such Valuation Notice, the Purchase Price shall be equal to the Initial Value.