There might be a few holdouts, but when offered stock worth billions of dollars more
than the fair value of their company, most boards will ultimately acquiesce to such an offer.
Not exact matches
An explanation for this may be that people
value consistency and predictability in
fair treatment as much or more
than fair treatment itself, according to Brent Scott, co-author
of the paper.
Once you understand what the market is paying, you need to build an argument for why you offer create more
value for the business
than they expect in an entry - level hire, said behavioral scientist Matt Wallaert, co-founder
of fair - pay site GetRaised.
It is not in the best interest
of a company to pay their employees less
than fair value and risk creating high turnover.
At Mr. Cook's request, the 2011 RSU Award was modified in 2013 to put more
than $ 123 million
of the original grant date
fair value of the award at risk, based on Apple's Relative TSR performance.
When shares
of Capital Stock are to be issued upon the exercise, grant or vesting
of an Incentive Award, Google shall have the authority to withhold a number
of such shares having a
Fair Market
Value at the date
of the applicable taxable event determined by the Committee to be sufficient to satisfy the minimum federal, state and local withholding tax requirements, if any, attributable to such exercise, grant or vesting but not greater
than the minimum withholding obligations, as determined by Google in its sole discretion.
A stock appreciation right entitles a participant to receive a payment, in cash, common stock, or a combination
of both, in an amount equal to the difference between the
fair market
value of the stock at the time
of exercise and the exercise price
of the award, which may not be lower
than the
fair market
value of the Company's common stock on the day
of grant.
Notwithstanding the foregoing, Stock Appreciation Rights may be granted with a per Share exercise price
of less
than one hundred percent (100 %)
of the
Fair Market
Value per Share on the date
of grant pursuant to a transaction described in, and in a manner consistent with, Section 424 (a)
of the Code.
To determine the
Fair Value of one share of common stock, we relied on the Hybrid Method, in which we utilized the PWERM to allocate the value under certain Initial Public Offering (IPO) scenarios, and the OPM to allocate the value under scenarios other than an IPO (the All Other scena
Value of one share
of common stock, we relied on the Hybrid Method, in which we utilized the PWERM to allocate the
value under certain Initial Public Offering (IPO) scenarios, and the OPM to allocate the value under scenarios other than an IPO (the All Other scena
value under certain Initial Public Offering (IPO) scenarios, and the OPM to allocate the
value under scenarios other than an IPO (the All Other scena
value under scenarios other
than an IPO (the All Other scenario).
The exercise price per share
of each stock appreciation right may not be less
than the
fair market
value of a Share on the date
of grant, except in certain situations in which we are assuming or replacing stock appreciation rights granted by another company that we are acquiring.
The Institute's rationale for increasing the overall contribution rate from 20 per cent
of pay to 24 per cent is their claim that the use
of «
fair -
value» calculations reveals that the pension liabilities are much higher
than reported, due to the use
of a too high discount rate.
Subject to the provisions
of our 2015 Plan, the administrator will determine the other terms
of stock appreciation rights, including when such rights become exercisable and whether to pay any amount
of appreciation in cash, shares
of our Class A common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise
of a stock appreciation right must be no less
than 100 %
of the
fair market
value per share on the date
of grant.
The term
of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more
than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date subject to the provisions
of our 2015 Plan.
The term «applicable educational institution» refers to an educational institution which a) had at least 500 students during the preceding taxable year; b) the aggregate
fair market
value of the assets
of which at the end
of the preceding taxable year (other
than those assets which are used directly in carrying out the institution's exempt purpose) is at least $ 500,000 per student
of the institution; and c) more
than 50 percent
of the students are located in the United States.
The committee may deem that a holder
of options or stock appreciation rights has exercised such options or rights on the expiration date using a net share settlement method
of exercise if, on that expiration date, the options or rights are vested and the exercise price is less
than the then
fair market
value of the Shares.
Each stock option gives the recipient the right to receive a number
of Shares upon exercise
of the stock option and payment
of the stock option exercise price, which other
than for incentive stock options, shall be the
fair market
value of a Share on the option grant date.
For a car worth more
than $ 500, the amount you can deduct is generally the lower
of either how much the organization resells it for or its
fair market
value on the donation date.
The exercise price may not be less
than 100 %
of fair market
value of the common stock on the date
of grant.
on a pro forma basis, giving effect to (i) the automatic conversion
of all
of our outstanding shares
of convertible preferred stock other
than Series FP preferred stock into shares
of Class B common stock and the conversion
of Series FP preferred stock into shares
of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense
of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as
of December 31, 2016 and which we will recognize on the effectiveness
of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital
of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the
fair value of our common stock as
of December 31, 2016, as we intend to issue shares
of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance
of 7.6 million shares
of Class A common stock and 5.5 million shares
of Class B common stock that will vest and be issued from the settlement
of such RSUs, (v) the issuance
of the CEO award, as described below, and (vi) the filing and effectiveness
of our amended and restated certificate
of incorporation which will be in effect on the completion
of this offering.
But if a donor contributes appreciated stock held for more
than one year directly to a donor - advised fund account at Schwab Charitable ™ or another public charity, the donor can usually deduct the
fair market
value of the donation without realizing any capital gain.
The plan administrator determines the purchase price or strike price for a stock appreciation right, which generally can not be less
than 100 %
of the
fair market
value of our Class A common stock on the date
of grant.
No participant will have the right to purchase shares
of our Class A common stock in an amount, when aggregated with purchase rights under all our employee stock purchase plans that are also in effect in the same calendar year, that have a
fair market
value of more
than $ 25,000, determined as
of the first day
of the applicable purchase period, for each calendar year in which that right is outstanding.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion
of all
of our outstanding shares
of convertible preferred stock other
than Series FP preferred stock into shares
of Class B common stock and the conversion
of Series FP preferred stock into shares
of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense
of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as
of December 31, 2016 and which we will recognize on the effectiveness
of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital
of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the
fair value of our common stock as
of December 31, 2016, as we intend to issue shares
of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance
of 7.6 million shares
of Class A common stock and 5.5 million shares
of Class B common stock that will vest and be issued from the settlement
of such RSUs, (v) the issuance
of the CEO award, as described below, and (vi) the filing and effectiveness
of our amended and restated certificate
of incorporation which will be in effect on the completion
of this offering.
Provided, however, that an incentive stock option held by a participant who owns more
than 10 %
of the total combined voting power
of all classes
of our stock, or
of certain
of our parent or subsidiary corporations, may not have a term in excess
of five years and must have an exercise price
of at least 110 %
of the
fair market
value of our common stock on the grant date.
nonstatutory stock options may not be less
than 85 %
of the
fair market
value of our common stock on the date
of grant.
Subject to the provisions
of our 2016 Plan, the administrator determines the other terms and conditions
of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with shares
of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise
of a stock appreciation right will be no less
than 100 %
of the
fair market
value per share on the date
of grant.
For nonstatutory stock options and incentive stock options granted to employees who do not own more
than 10 %
of the voting power
of all classes
of our outstanding stock, the exercise price must equal at least 100 %
of the
fair market
value.
Charitable contributions to public charities
of capital gain property held for more
than one year are usually deductible at
fair market
values.
Subject to the provisions
of our 2010 Plan, the administrator determines the terms
of stock appreciation rights, including when such rights vest and become exercisable and whether to settle such awards in cash or with shares
of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise
of a stock appreciation right will be no less
than 100 %
of the
fair market
value per share on the date
of grant.
Subject to the provisions
of our 2013 Plan, the administrator determines the other terms
of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with shares
of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise
of a stock appreciation right will be no less
than 100 %
of the
fair market
value per share on the date
of grant.
The term
of an incentive stock option may not exceed 10 years, except that with respect to any participant who owns more
than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed 5 years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date.
However, a participant may not purchase more
than shares in each offering period and may not subscribe for more
than $ 25,000 in
fair market
value of shares
of our common stock (determined at the time the option is granted) during any calendar year.
Nonstatutory Stock Options, or NSOs, will provide for the right to purchase shares
of our common stock at a specified price, which may not be less
than fair market
value on the date
of grant, and usually will become exercisable (at the discretion
of the administrator) in one or more installments after the grant date, subject to the participant's continued employment or service with us and / or subject to the satisfaction
of corporate performance targets and individual performance targets established by the administrator.
The term
of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more
than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date.
The exercise price
of a stock appreciation right will be established by the plan administrator and may not be less
than 100 %
of the
fair market
value of a share on the date
of grant.
If you think the home didn't sell for its
fair market
value and the deficiency is therefore higher
than it should be, you can present evidence
of this in court.
While our assessment
of Allianz's
fair value dropped right after Gross left, it now exceeds our previous
value estimate due to better
than expected fund flows, the company's cost saving measures and a weaker euro.
This is an indirect way
of calculating
fair value, based on the idea that if a stock's yield is higher
than normal, it may indicate that its price is undervalued (and vice-versa).
These positive earnings drivers were more
than offset by the combined impact
of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline in net interest margin, moderate growth
of non-interest expenses, the addition
of acquisition - related contingent consideration
fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax rate in Alberta.
For example, getting it at 10 % below
fair value would require a price
of $ 64 / share, or about $ 3 less
than its current price.
The stock's
fair market
value at the time
of the gift is less
than your original cost basis — for example, $ 8 per share.
If you donate appreciated stocks that you've held for more
than a year to a «public» charity — such as a religious or an educational institution, or an organization that does medical research — you can typically take a tax deduction for the full
fair market
value of the stocks, up to 50 %
of your adjusted gross income for that year.
75 %
of the portfolio should be allocated into stocks
of «good» or even «great» companies whose share price is lower
than what we would consider as
fair value («Core
value»).
For Domestic Carriage Liability for loss, delay or damage to checked baggage, or any baggage or personal item which is taken into custody by Cape Air, is limited to the
fair market
value at the time
of the loss, damage or delay and will not exceed (except for wheelchair and other assistive devices)(1) for on - line travel solely on Cape Air with no connecting service, $ 500 per passenger; (2) for interline travel where the Cape Air flight segment is included on the same ticket as a connecting flight segment
of another airline with an aircraft
of more
than 60 seats, $ 3400 per passenger ($ 3500 per passenger effective August 25, 2015) as per federal rules; and (3) for interline travel where the Cape Air flight segment is included on the same ticket as a connecting flight segment
of another airline with an aircraft
of 60 seats or less, $ 500 per passenger.
Therefore, if held as investment property and held for longer
than one year, the donor may deduct the
fair market
value of the gift up to 30 %
of AGI.
If the loan is for more
than the
fair market
value of your home (i.e., if your mortgage is underwater), then the loan amount that is over the
fair market
value counts as a liability under the net worth test.
If the holding periods are not satisfied, then: (1) if the sale price exceeds the exercise price, the optionee will recognize capital gain equal to the excess, if any,
of the sale price over the
fair market
value of the shares on the date
of exercise and will recognize ordinary income equal to the difference, if any, between the lesser
of the sale price or the
fair market
value of the shares on the exercise date and the exercise price; or (2) if the sale price is less
than the exercise price, the optionee will recognize a capital loss equal to the difference between the exercise price and the sale price.
A κ
value of less
than 0 · 20 was considered poor; κ = 0 · 21 — 0 · 40 was considered
fair; κ = 0 · 41 — 0 · 60 was considered moderate; κ = 0 · 61 — 0 · 80 was considered good; and κ = 0 · 81 — 1 · 00 was considered very good (18).
In the event the stated approximate retail
value (s)
of a prize is more
than the actual
fair market
value of that prize, the difference will not be awarded in cash or otherwise.
United were linked with both players and, it is
fair to assume, that the dreadful season that the Red Devils endured and lack
of Champions League football will contribute to their inability to compete for some
of the hottest properties in the transfer market, but there may well still be better
value than Vidal out there to be had.