CarMax Directors. This Section 5.9(b) shall apply to options held by individuals who cease to be members of the Board of Directors of Circuit City after the Separation Date and become members of the Board of Directors of CarMax. Each Circuit City Group Option and SAR shall be adjusted in the manner provided in Section 5.3(a). Each CarMax Group Option and SAR shall be adjusted in the manner provided in Section 5.3(c).
Appears in 3 contracts
Sources: Employee Benefits Agreement (Carmax Inc), Employee Benefits Agreement (Carmax Inc), Employee Benefits Agreement (Circuit City Stores Inc)