GMR Options definition

GMR Options means the stock options of GMR that will be granted to LVL Option Holders pursuant to the Arrangement and that will be exercisable for GMR Common Shares;
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Examples of GMR Options in a sentence

  • If LVL would otherwise be required to distribute to a LVL Option Holder an aggregate number of Kobe Options or GMR Options, as applicable, that is not a round number, then the number of Kobe Options or GMR Options distributable to that LVL Option Holder shall be pursuant to the Round Down Provision and that LVL Option Holder shall not receive any compensation in respect thereof.

  • Notwithstanding the foregoing, if the Round Down Provision would otherwise result in the number of Kobe Options or GMR Options, as applicable, distributable to a particular LVL Option Holder being rounded down from one to nil, then the Round Down Provision shall not apply and LVL shall distribute one Kobe Options or one GMR Options, as applicable, to that LVL Option Holder.