Common use of NTELOS Delayed Transfer Employees Clause in Contracts

NTELOS Delayed Transfer Employees. Each Wireline Restricted Stock Award outstanding under the Wireline Equity Incentive Plan held by an NTELOS Delayed Transfer Employee (other than a Joint Service Employee) on such NTELOS Delayed Transfer Employee’s Transfer Date shall be converted as of such Transfer Date into an award of restricted stock in NTELOS Common Stock (each such award, a “NTELOS Delayed Transfer Restricted Stock Award”) pursuant to the terms of the NTELOS Stock Plans subject to terms and conditions after such NTELOS Delayed Transfer Employee’s Transfer Date that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Wireline Restricted Stock Award immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date. Subject to Section 14.3(f), the number of shares subject to such NTELOS Delayed Transfer Restricted Stock Award shall be determined as follows: (i) the number of shares of NTELOS Common Stock subject to each such NTELOS Delayed Transfer Restricted Stock Award shall be equal to the product of (x) the number of shares of Wireline Common Stock subject to the corresponding Wireline Restricted Stock Award immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date and (y) the NTELOS Delayed Share Ratio, with fractional shares rounded down to the nearest whole share.

NTELOS Delayed Transfer Employees. Each Wireline Restricted Stock Award outstanding under the Option and Delayed Transfer Wireline Equity Incentive Plan Option held by an NTELOS Delayed Transfer Employee (other than a Joint Service Employee) on such NTELOS Delayed Transfer Employee’s Transfer Date shall be converted as of such Transfer Date into an award option to purchase shares of restricted stock in NTELOS Common Stock (each such awardoption, a “NTELOS Delayed Transfer Restricted Stock AwardNTELOS Option”) pursuant to the terms of the NTELOS Stock Plans subject to terms and conditions after such NTELOS Delayed Transfer Employee’s Transfer Date that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Wireline Restricted Stock Award Option or Delayed Transfer Wireline Option immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date. Subject to Section 14.3(f14.2(f), the exercise price and number of shares subject to such NTELOS Delayed Transfer Restricted Stock Award NTELOS Option shall be determined as follows: (i) the number of shares of NTELOS Common Stock subject to each such NTELOS Delayed Transfer Restricted Stock Award NTELOS Option shall be equal to the product of (x) the number of shares of Wireline Common Stock subject to the corresponding Wireline Restricted Stock Award Option or Delayed Transfer Wireline Option, as applicable, immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date and (y) the NTELOS Delayed Share Ratio, with fractional shares rounded down to the nearest whole share, and (ii) the per-share exercise price of each such Delayed Transfer NTELOS Option shall be equal to the product of (x) the per-share exercise price of the Wireline Option or Delayed Transfer Wireline Option, as applicable, immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date and (y) the NTELOS Delayed Price Ratio, rounded up to the nearest whole cent.