Initial Share Value definition

Initial Share Value means the average closing price of a company’s common equity for the period January 1, 2016 through March 7, 2016 as reported on the principal national securities exchange on which such common equity is listed.

Initial Share Value shall have the meaning ascribed thereto in section 2.4 hereof.

Initial Share Value means (i) if there should not be a public market for Shares, the fair market value of an Initial Share as determined by a third party valuation expert (who shall be a nationally recognized firm of valuation experts selected by the Board in its discretion), (ii) at the time of an IPO, the offering price per share of DHI Common Stock to the public in the IPO (the “IPO Price”) and (iii) if there should be a public market for Shares, the average of the closing price of a Share on the principal stock exchange on which it is listed during the twenty (20) trading days immediately preceding the relevant date for which Initial Share Value is being determined (or all of the trading days following the IPO plus the IPO Price if the IPO occurred within less than twenty (20) trading days prior to the determination of Initial Share Value); provided, that if the Holder disagrees with the determination of Initial Share Value pursuant to clause (i) in connection with the measurement of ▇▇▇ on an ▇▇▇ Measurement Date solely for purposes of Section 3.3(d) following the termination of the Holder’s employment due to a Qualifying Termination or Retirement, the Holder may require that the Company engage a different third party valuation expert (who shall also be a nationally recognized firm of valuation experts selected by the Board in its discretion) to conduct an appraisal of the Initial Shares and the ▇▇▇ for such ▇▇▇ Measurement Date shall be based upon the Initial Share Value as determined by such appraisal (the “Appraised Initial Share Value”); provided, further, that if the Holder requires an additional appraisal pursuant to the immediately preceding proviso: (A) if the Appraised Initial Share Value is equal to or less than 110% of the Initial Share Value as determined by the initial third party valuation expert, the Holder shall bear all of the costs and expenses associated with such appraisal, and (B) if the Appraised Initial Share Value is greater than 110% of the Initial Share Value as determined by the initial third party valuation expert, the Company shall bear all of the costs and expenses associated with such appraisal. Notwithstanding the foregoing, if an appraisal has been delivered by a second third party valuation expert at the request of another former member of the Company’s Executive Leadership Team within the 90-day period preceding the ▇▇▇ Measurement Date, the Initial Share Value as determined by such appraisal shall be the Initial Share Value for purpose...

Initial Share Value means the average closing price of a company’s common equity over the thirty (30) Trading Days ending on April 19, 2018 as reported on the principal national securities exchange on which such common equity is listed.

Initial Share Value means, with respect to shares of Series B Preferred Stock, the "Initial Share Value" of such shares as defined in the Certificate of Designation, Preferences and Rights of the Series B Preferred Stock, and with respect to shares of Series C Preferred Stock, the "Initial Share Value" of such shares as defined in the Certificate of Designation, Preferences and Rights of the Series C Preferred Stock.

Initial Share Value means the closing price of a company’s common equity on March 23, 2020, as reported on the principal national securities exchange on which such common equity is listed.

Initial Share Value means the product of the Initial Shares and the Starting Common Share Price.

Initial Share Value. $[ ] per share of Preferred Stock (the “Initial Share Value”).

Initial Share Value means (a) the Aggregate Closing Cash Amount, divided by (b) the Adjusted Outstanding Shares.