LSAR

LSAR. Shall mean a limited stock appreciation right, which is a right to receive cash with respect to Stock subject to an option in lieu of exercising such option upon a Change of Control of USU as described in Section 8 hereof.

LSAR. Means a limited stock appreciation right which is exercisable only in the event of a CHANGE IN CONTROL.

LSAR. Means Employee's right to receive a cash payment in respect of the mandatory cancellation of an option equal to the product of (1) the excess, if any, of the then fair market value (as determined under the LTIP) of a share of Alamosa common stock over the per share exercise price of the option and (2) the number of shares of stock subject to the option.