SAR Public Market Value

Example Definitions of "SAR Public Market Value"
SAR Public Market Value. The hypothetical undiscounted market value (aka "Hypothetical Public Market Value") of LS&CO. common stock as determined by a third party valuation firm, requested by LS&CO. and approved by the Committee, as of the end of each calendar year in which a Fiscal Year ends. In the event of a Public Equity Offering or a Change in Control, the SAR Public Market Value will be determined under Paragraph 9 or 10, respectively.
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