Define: Fair Market Value
What does "Fair Market Value" mean? The meaning differs based on the contract. We found 10 definitions across 29 companies in SEC filings.
Definition 1 (AUTOMATIC DATA PROCESSING INC, seen in 1 filing)
Fair Market Value means for any date, the closing sales price of a Share on the primary exchange on which the Common Stock is traded on such date or, in the event that the Common Stock is not traded on such date, then the immediately preceding trading date.
Source: AUTOMATIC DATA PROCESSING INC 10-K
Definition 2 (AUTOMATIC DATA PROCESSING INC, seen in 1 filing)
Fair Market Value means (i) unless otherwise determined by the Committee, on a given date, (A) if the Common Stock is listed on a national securities exchange, the closing sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date, or, if there is no such sale on that date, then on the last preceding date on which such a sale was reported, or (B) if the Common Stock is not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last sale basis, the average between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last preceding date on which a sale was reported or (ii) if the Common Stock is not listed on a national securities exchange or quoted in an inter-dealer quotation system on a last sale basis, the amount determined by the Committee in good faith to be the fair market value of the Common Stock.
Source: AUTOMATIC DATA PROCESSING INC 10-Q
Definition 3 (BOEING CO, seen in 1 filing)
Fair Market Value means the closing price for the common stock of The Boeing Company as reported for the New York Stock Exchange - Composite Transactions for a single trading day.
Source: BOEING CO 10-K
Definition 4 (BOEING CO, seen in 1 filing)
Fair Market Value means the average of the high and the low per share trading prices for Common Stock as reported by The Wall Street Journal for the specific dividend payment date, or by such other source as the Company deems reliable.
Source: BOEING CO 10-Q
Definition 5 (BOEING CO, seen in 1 filing)
Fair Market Value means the average of the high and the low per Share trading prices as reported by The Wall Street Journal on the relevant date, or by such other source as the Company deems reliable.
Source: BOEING CO 10-Q
Definition 6 (JPMORGAN CHASE & CO, seen in 1 filing)
Fair Market Value means the market value of shares determined as of the applicable date.
Source: JPMORGAN CHASE & CO 10-K
Definition 7 (EQUIFAX INC, seen in 1 filing)
Fair Market Value means the value of each share of Stock subject to the Plan on a given date determined as follows (i) if on such date the shares of Stock are listed on an established national or regional stock exchange or are publicly traded on an established securities market, the Fair Market Value of the shares of Stock shall be the closing price of the shares of Stock on such exchange or in such market (the exchange or market selected by the Administrator if there is more than one such exchange or market) on such date or, if such date is not a Trading Day, on the Trading Day immediately preceding such date, or, if no sale of the shares of Stock is reported for such Trading Day, on the next preceding day on which any sale shall have been reported or (ii) if the shares of Stock are not listed on such an exchange or traded on such a market, the Fair Market Value of the shares of Stock shall be determined by the Board in good faith.
Source: EQUIFAX INC 10-Q
Definition 8 (ENTERGY CORP /DE/, seen in 1 filing)
Fair Market Value means the fair market value of property.
Source: ENTERGY CORP /DE/ 8-K
Definition 9 (BANK OF AMERICA CORP /DE/, seen in 1 filing)
Fair Market Value means on any date, the closing price of a share of Bank of America common stock as reflected in the report of composite trading of New York Stock Exchange listed securities for that date (or, if no shares were publicly traded on that day, the immediately preceding day that shares were so traded) published in The Wall Street Journal Eastern Edition or any other publication selected by Bank of America provided, however, that if the shares are misquoted by the selected publication(s), Bank of America shall directly solicit the information from officials of the stock exchanges or from other informed independent market sources.
Source: BANK OF AMERICA CORP /DE/ 10-K
Definition 10 (DANAHER CORP /DE/, seen in 1 filing)
Fair Market Value means the price at which an asset would change hands between a willing buyer and willing seller.
Source: DANAHER CORP /DE/ 10-K
Data extracted from 62 SEC EDGAR filings across 29 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.