Example ContractsClausesamendment of grantsVariants
Remove:

Grants. The Committee may grant # a Stock Appreciation Right independent of an Option or # a Stock Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to [clause (ii)] of the preceding sentence # may be granted at the time the related Option is granted or at any time prior to the exercise or cancellation of the related Option, # shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine) and # shall be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this [Section 7] (or such additional limitations as may be included in an Award agreement).

Grants.

Stock Appreciation Rights. The Committee maymay, in its discretion, either alone or in connection with the grant # aof an Option, grant Stock Appreciation Right independentRights in accordance with the Plan, the terms and conditions of which shall be set forth in an Option or # a Stock Appreciation RightAgreement. If granted in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to [clause (ii)] of the preceding sentence # may be granted at the time the related Option is granted or at any time prior to the exercise or cancellation of the related Option, # shall cover the same number of Sharesshares covered by anthe Option (or such lesser number of Sharesshares as the Committee may determine) and # shallshall, except as provided in this [Section 7], be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this [Section 7] (or such additional limitations as may be included in an Award agreement).the related Option.

Grants.

Grant and Exercise. The Committee may grant # aprovide Stock Appreciation Right independentRights # in conjunction with all or part of anany Option or # a Stock Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to [clause (ii)] ofunder the preceding sentence # may be granted at the time the related Option is grantedPlan or at any subsequent time prior toduring the exercise or cancellationterm of the relatedsuch Option, # shall coverin conjunction with all or part of any Award (other than an Option) granted under the same numberPlan or at any subsequent time during the term of Shares covered by ansuch Award, or # without regard to any Option (oror other Award in each case upon such lesser number of Sharesterms and conditions as the Committee may determine) and # shall be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this [Section 7] (or such additional limitations as may be includedestablish in an Award agreement).its sole discretion.

Grants.

Simultaneous Exercise of Stock Appreciation Right and Option. The Committee may grant #provide, either at the time a Stock Appreciation Right independent of anis granted in connection with a Nonqualified Stock Option or #thereafter during the term of the Stock Appreciation Right, that upon exercise of such Option, the Stock Appreciation Right shall automatically be deemed to be exercised to the extent of the number of Shares as to which the Option is exercised. In such event, the Grantee shall be entitled to receive the amount described in [Section 7(b)(3)] (or some percentage of such amount if so provided in the Agreement evidencing the Stock Appreciation Right), in addition to the Shares acquired pursuant to the exercise of the Option. The inclusion in an Agreement evidencing a Stock Appreciation Right of a provision described in connection with an Option, or a portion thereof. Athis [Section 7(b)(5)] may be in addition to and not in lieu of the right to exercise the Stock Appreciation Right granted pursuant to [clause (ii)] ofas otherwise provided herein and in the preceding sentence # may be granted at the time the related Option is granted or at any time prior to the exercise or cancellation of the related Option, # shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine) and # shall be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this [Section 7] (or such additional limitations as may be included in an Award agreement).Agreement.

Grants. The Committee may grant #

General. An Award of a Stock Appreciation Right independentshall entitle the Participant, subject to terms and conditions determined by the Committee, to receive upon exercise of the right an Optionamount equal to or otherwise based on the excess of # the Fair Market Value of a Share at the time of exercise over # the exercise price of the right, as established by the Committee on the date the award is granted. Stock Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to [clause (ii)] of the preceding sentence #Rights may be granted at theto Participants from time the related Option is granted or at any time prior to the exercise or cancellationtime. The provisions of the related Option, # shall coverStock Appreciation Rights need not be the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine) and #with respect to each grant or each recipient. All Stock Appreciation Rights shall be granted subject to the same terms and conditions applicable to Options as set forth in [Section 9]. Subject to the foregoing sentence and the terms of the Plan, the Committee may impose such Option except for such additional limitationsother conditions or restrictions on any Stock Appreciation Right as are contemplated by this [Section 7] (or such additional limitations as may be included in an Award agreement).it shall deem appropriate.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.