WM Option Sample Clauses
WM Option. The purchase price for the WM Option shall be determined by multiplying the number of shares subject to the WM Option on the Change Date times the amount by which the Call Price shall exceed the exercise price per share of the WM Option on the Change Date, provided that in the event the Call Price does not exceed the exercise price per share of the WM Option, then the purchase price for the WM Option shall be determined by applying the Black Scholes option pricing model to value the remaining term of the option.
WM Option. For purposes of applying the commitment made in Section 2.1 WMX shall not be deemed to beneficially own any shares which are subject to the WM Option until and unless such shares are actually issued. No exercise of the WM Option shall be deemed to violate Section 2.1 regardless of whether WMX shall beneficially own more than the Permitted Number of ServiceMaster shares after such exercise. Nothing in this Agreement shall prevent or limit the right of WMX to exercise the WM Option to the extent WMX is permitted to do so under the terms of the Option Agreement pursuant to which the WM Option was granted.
WM Option. The WM Option shall not be Transferred to any person other than WMX or an affiliate over which WMX has majority ownership and control or to a WMX Successor. Neither any provision in this Agreement authorizing Transfer of WM Shares nor any other provision shall be deemed to authorize Transfer of any interest in the WM Option which is not authorized by the preceding sentence.