Examples of LiLAC SAR in a sentence
The number of Shares exercisable under an Option or SAR shall be the number of LiLAC Shares that a Participant would have received in the Distribution if the applicable option for LiLAC Shares had been exercised immediately prior to the Distribution Date or, in the case of a LiLAC SAR, the number of Shares equal to the aggregate number of LiLAC Shares subject to such LiLAC SAR immediately prior to the Distribution Date.
Each Option and SAR shall be for the equivalent class of Shares as the corresponding option for LiLAC Shares or LiLAC SAR.
The purchase price per Share under each Option and the base price with respect to each SAR shall be the purchase price or base price of such corresponding option to purchase LiLAC Shares or LiLAC SAR, as the case may be, as in effect immediately prior to the Distribution Date.
Option(s) shall be granted to each Participant who, as of the Distribution Date, holds an outstanding LiLAC Award(s) consisting of an option to purchase LiLAC Shares, and SAR(s) shall be granted to each Participant who, as of the Distribution Date, holds an outstanding LiLAC Award(s) consisting of a LiLAC SAR.
The purchase price per Share under each Option and the base price with respect to each SAR shall be the purchase price or base price of such corresponding option to purchase LiLAC Shares or LiLAC SAR, as the case may be, as in effect immediately prior to the Record Date.
Option(s) shall be granted to each Participant who, as of the Distribution Date, holds an outstanding LiLAC Award(s) consisting of an option to purchase LiLAC Shares, and SAR(s) shall be granted to each Participant who, as of the Record Date, holds an outstanding LiLAC Award(s) consisting of a LiLAC SAR.