definiens: means, with respect to any [COMPANY] Option, the value of the unexercised portion of such [COMPANY] Option based onthe Black and Scholes Option Pricing Model obtained from the function of Bloomberg using ( A ) a risk - free interest rate corresponding tothe rate on U.S. Treasury securities with a maturity date corresponding to the number of years remaining in the term of such [COMPANY] Optionas of the Closing Date, ( B ) an expected volatility equal to the 180 - day volatility obtained from the HVT function on Bloomberg as 76of the [COMPANY] Measurement Date, ( C ) an underlying price per share equal to the [COMPANY] Measurement Price and ( D ) a remaining term of suchImpax Option equal to the time between the Closing Date and the expiration date of such [COMPANY] Option ( for the avoidance of doubt, forpurposes of ( A ) and ( D ), without taking into account any shortened exercise period of such [COMPANY] Option due to termination of employmentat or following the Closing )