Value of Stock. Any shares of Stock which are tendered to BellSouth as payment and any shares of Stock which are transferred by BellSouth shall be valued at their Fair Market Value on the date as of which the exercise is effective or, if the exercise is effective on a date other than a business day for the New York Stock Exchange, on the immediately preceding business day.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Bellsouth Corp), Incentive Stock Option Agreement (Bellsouth Corp)