Common use of Treatment of Outstanding Equity Awards Clause in Contracts

Treatment of Outstanding Equity Awards. (a) Certain current and former employees, non-employee directors and consultants of LMC, the Qualifying Subsidiaries and their respective Subsidiaries have been granted options, stock appreciation rights, and restricted shares in respect of LMC Common Stock pursuant to various stock incentive plans of LMC administered by the LMC Board (collectively, “Awards”). LMC and Spinco shall use commercially reasonable efforts to take all actions necessary or appropriate so that Awards that are outstanding immediately prior to the Effective Time are adjusted as set forth in this Section 2.3.

Treatment of Outstanding Equity Awards. (a) Certain current and former employees, non-employee directors and consultants of LMC, the Qualifying Subsidiaries and their respective Subsidiaries have been granted options, stock appreciation rights, and restricted shares in respect of LMC Common Liberty Capital Stock and/or Liberty Starz Stock pursuant to various stock incentive plans of LMC administered by the LMC Board (collectively, “Awards”). LMC and Spinco Splitco shall use commercially reasonable efforts to take all actions necessary or appropriate so that Awards that are outstanding immediately prior to the Effective Time are adjusted as set forth in this Section 2.3.

Treatment of Outstanding Equity Awards. (a) Certain current and former employees, non-employee directors and consultants of LMC, the Qualifying Qualfiying Subsidiaries and their respective Subsidiaries subsidiaries have been granted options, stock appreciation rights, and restricted shares in respect of LMC Common Liberty Capital Stock and/or Liberty Starz Stock pursuant to various stock incentive plans of LMC administered by the LMC Board (collectively, “"Awards”"). LMC and Spinco Splitco shall use commercially reasonable efforts to take all actions necessary or appropriate so that Awards that are outstanding immediately prior to the Effective Time are adjusted as set forth in this Section 2.3.

Treatment of Outstanding Equity Awards. (a) Certain current and former employees, non-employee directors and consultants of LMC, the Qualifying Subsidiaries and their respective Subsidiaries have been granted options, stock appreciation rights, and restricted shares in respect of LMC Liberty Common Stock pursuant to various stock incentive plans of LMC administered by the LMC Board (collectively, “Awards”). LMC and Spinco shall use commercially reasonable efforts to take all actions necessary or appropriate so that Awards that are outstanding immediately prior to the Effective Time are adjusted as set forth in this Section 2.3.