Workaround:
Disable OLR (Object Level Recovery)
In the Graphical User Interface (GUI) Backup Wizard, on the Options screen, there is a checkbox "Optimize Object Level Recovery speed". If this checkbox is deselected, LiteSpeed will omit any reference to this feature in the script. If the box is selected, then the parameter is visible in the t-sql script as @OLRMAP = 1.