Offset Amount. The Offset Amount shall equal the number of vested, outstanding Options as of the Determination Date, up to a maximum of 2,000,000 Options, multiplied by the excess of the fair market value of a share of Stock as of the Determination Date over the per share exercise price of the Options.
Appears in 2 contracts
Sources: Deferred Compensation Agreement (Federal-Mogul Corp), Deferred Compensation Agreement (Federal Mogul Corp)