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.
Appears in 2 contracts
Sources: Relationship Agreement (Servicemaster LTD Partnership), Relationship Agreement (WMX Technologies Inc)