Measurement Value definition

Measurement Value means the average of the daily closing prices for a share of Stock for the 20 trading days ending on the fifth business day prior to the date of payment of Performance Shares for an Award Period or an Interim Period, as the case may be, on the Composite Tape for the New York Stock Exchange — Listed Stocks, or, if the stock is not listed on such Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on which the stock is listed, or, if the stock is not listed on any such Exchange, the average of the daily closing bid quotations with respect to a share of the stock for such 20 trading days on the National Association of Securities Dealers, Inc., Automated Quotations System or any system then in use, or, if no such quotations are available, the fair market value of a share of Stock as determined by a majority of the Board of Directors; provided, however that if a Change in Control shall have occurred, then if no such quotations are available, such determination shall be made by a majority of the Incumbent Board (as defined in the Change in Control definition above).

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Measurement Value means (i) if the applicable Average Fair Market Value is equal to or less than 75% of the Initial Value, 75% of the Initial Value, (ii) if the applicable Average Fair Market Value is greater than 75% of the Initial Value but less than 200% of the Initial Value, the applicable Average Fair Market Value, or (iii) if the applicable Average Fair Market Value equals or exceeds 150% of the Initial Value, 150% of the Initial Value.

Measurement Value means, in respect of an Equity Appreciation Award, the value of an Interest underlying an Award as determined by the Committee, in good faith, in its discretion. The Initial Measurement Value of an Interest covered by an Award will be $15.82 (or such higher amount as may be determined by the Committee on the Date of Grant), subject to adjustment for splits and similar events in accordance with Section 4.2 hereof. The Final Measurement Value will be the value of an Interest underlying an Award as determined by the Committee as of the date of the Liquidation Event; provided, however, that in no event shall the Final Measurement Value of an Interest exceed $26.31, subject to adjustment for splits and similar events in accordance with Section 4.2 hereof.

Examples of Measurement Value in a sentence

The Billing Factor in MWh shall be: ABS(Intentional Deviation Measurement Value – Resource Schedule) – 1 Minutes of schedule divided by 60 minutes ABS = the absolute value of the term in parentheses.
ABS(Intentional Deviation Measurement Value Error) = the absolute value of the Station Control Error that would have resulted from a schedule that was set equal to the resource’s applicable Intentional Deviation Measurement Value.
As of the Effective Time, any Company Option with an exercise price equal to or greater than an amount equal to the Measurement Value shall be cancelled without consideration and be of no further force and effect.
For each of the 40 consecutive Trading Days during the relevant Observation Period, the “Daily Settlement Amount” shall consist of: (a) cash in an amount equal to the lesser of (i) the Daily Measurement Value and (ii) the Daily Conversion Value, and (b) if the Daily Conversion Value exceeds the Daily Measurement Value, a number of Shares equal to (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP for such Trading Day.
To the extent that such election is made, the Company shall make corresponding adjustments to the calculation of the Daily Measurement Value, the Daily Settlement Amount, the Daily Conversion Value and the Daily VWAP, and to the dates on which the Observation Period begins and ends, as specified in the definition of “Observation Period” in Section 1.1.
The Billing Factor in MWh shall be: ABS(Intentional Deviation Measurement Value – Resource Schedule) – 1 ABS = the absolute value of the term in parentheses.
Upon settlement of a SAR, the Settlement Value for each vested SAR will be the amount, if any, by which the Final Measurement Value exceeds the Initial Measurement Value for the SAR.
These calculations include, but are not limited to, the Daily Settlement Amount, Daily Conversion Value, Daily Measurement Value, the Closing Sale Price, the Daily VWAP, the Conversion Date, the Current Market Value, the Conversion Price, the applicable Conversion Rate, the number of shares of Common Stock, if any, to be issued upon conversion of the Notes and the Cash Settlement Averaging Period.
A customer that schedules its resource to a value other than the Intentional Deviation Measurement Value is exempt from the Intentional Deviation Penalty Charge for a scheduling period if ABS(Station Control Error) ≤ ABS(Intentional Deviation Measurement Value Error) + 1 MW ABS(Intentional Deviation Measurement Value Error) = the absolute value of the Station Control Error that would have resulted from a schedule that was set equal to the resource’s applicable Intentional Deviation Measurement Value.
The Board may also make such adjustments in the number of SARs covered by, and the Initial Measurement Value of any outstanding SAR Awards in the event of a spin-off or other distribution (other than normal cash distributions) of Company assets to Shareholders.

More Definitions of Measurement Value

Measurement Value has the meaning set forth in Section 2.4(a).

Measurement Value means the outstanding amounts due in respect of the Debentures (as defined in the Transaction Term Sheet to which this MIP Term Sheet is annexed) (including principal, accrued but unpaid interest, and all other obligations under the Debentures) immediately prior the Transaction Effective Date.“Transaction Common Stock” means the shares of KLD Common Stock received by the Debenture Holders in the Transaction in respect of their Debentures.Any performance-based RSU that is not vested upon a Change in Control pursuant to the foregoing conditions shall be forfeited for no consideration. Settlement Shares associated with vested time vesting RSUs will settle at the earlier of a Change in Control or seven (7) years after grant. Taxes Participants may satisfy taxes incurred in connection with the vesting and settlement of awards through net share settlement. Securities Law RSUs will be issued in transactions that are not registered under the Securities Act of 1933. When the RSUs vest, participants will receive restricted securities that may only be transferred in accordance with an exemption from applicable registration requirements. [1] The following terms relate solely to the Initial Grants. The vesting terms for subsequent grants will be determined by the Board. [2] “Change in Control” shall have the meaning ascribed to it in the Company’s 2019 Incentive Award Plan.

Measurement Value means, on any given day, the fair market value per share of the Common Stock determined as follows:

Measurement Value means, in respect of a share of Phantom stock, the value established by the Committee pursuant to Section 5.3.

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