Option/Tandem SAR. The Tandem SAR shall vest, become exercisable, and terminate at the same times and under the same terms as the Option granted herein. The exercise of all or part of the Option shall cause the same proportion of the Tandem SAR to automatically terminate and the exercise of all or part of the Tandem SAR shall cause the same proportion of the Option to automatically terminate. Only the Option or the Tandem SAR, and not both, may be exercised in whole or in part at any time.
Appears in 13 contracts
Samples: Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Loral Space & Communications Inc.)
