Examples of LMC Option in a sentence
As soon as practicable after the Distribution the Company will enter into an option agreement or restricted stock agreement, as applicable, with each holder of a Company Option or shares of restricted Company Common Stock, and LMC will amend its existing option agreement with each holder of an outstanding LMC Option and will amend its existing stock appreciation rights agreement with each holder of an LMC SAR, to reflect the adjustments described above.
Except as described in this Section 3.3 or as otherwise determined by the LMC Plan Committee in accordance with the LMC Plan all other terms of the Company Option and Adjusted LMC Option shall in all material respects be the same as such original LMC Option.
The aggregate original exercise price of each LMC Option held by an LMC Corporate Holder shall be allocated between the Company Option and the Adjusted LMC Option into which it is divided in a manner determined by the LMC Plan Committee so that the aggregate amount by which the LMC Option was "in-the-money" or "out-of-the-money," as applicable (as of the date of such adjustment), is preserved.
Except as described in this Section 4.4 all other terms of the Company Option and Adjusted LMC Option shall in all material respects be the same as such original LMC Option.
The aggregate original exercise price of each LMC Option held by an LMI Holder or LMC Corporate Holder shall be allocated between the Company Option and the Adjusted LMC Option into which it is divided so that the Company Option has an exercise price per share equal to the fair market value per share (as determined by the LMC Plan Committee) of the applicable series of Company Common Stock and the balance of the aggregate original exercise price is allocated to the Adjusted LMC Option.