Deloitte
Accounting Research Tool
...
Chapter 3 — Recognition

3.5 Market Condition

3.5 Market Condition

ASC 718-10 — Glossary
Market Condition
A condition affecting the exercise price, exercisability, or other pertinent factors used in determining the fair value of an award under a share-based payment arrangement that relates to the achievement of either of the following:
  1. A specified price of the issuer’s shares or a specified amount of intrinsic value indexed solely to the issuer’s shares
  2. A specified price of the issuer’s shares in terms of a similar (or index of similar) equity security (securities). The term similar as used in this definition refers to an equity security of another entity that has the same type of residual rights. For example, common stock of one entity generally would be similar to the common stock of another entity for this purpose.