Section # Value of Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights, the Grantee shall receive in settlement thereof, Shares, cash, or both, as determined by the Committee, equal to the “spread value” for the number of Stock Appreciation Rights exercised. The “spread value” for a Stock Appreciation Right is the amount representing the difference by which the Fair Market Value of the underlying Common Stock on the date of exercise of the Stock Appreciation Right exceeds the exercise price.
Section # Value of Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights,Amount Payable. Upon the Grantee shall receive in settlement thereof, Shares, cash, or both, as determined by the Committee, equal to the “spread value” for the numberexercise of Stock Appreciation Rights exercised. The “spread value” for a Stock Appreciation Right isrelated to an Option, the Grantee shall be entitled to receive an amount representingdetermined by multiplying # the difference by whichexcess of the Fair Market Value of the underlying Common Stocka Share on the date of exercise of such Stock Appreciation Right over the per Share purchase price under the related Option, by # the number of Shares as to which such Stock Appreciation Right is being exercised. Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by including such a limit in the Agreement evidencing the Stock Appreciation Right exceedsat the exercise price.time it is granted.
Section # ValuePayment of Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights, the Grantee shall receive in settlement thereof, Shares, cash, or both, as determined by the Committee, equal to the “spread value” for the number of Stock Appreciation Rights exercised. The “spread value” for aA Stock Appreciation Right iswill entitle the holder, upon exercise or other payment of the Stock Appreciation Right, as applicable, to receive an amount representingdetermined by multiplying: # the difference by whichexcess of the Fair Market Value of the underlying Common Stocka Share on the date of exercise or payment of the Stock Appreciation Right exceedsover the base price of such Stock Appreciation Right, by # the number of Shares as to which such Stock Appreciation Right is exercised or paid. Subject to the requirements of Section 409A of the Code, payment of the amount determined under the foregoing may be made, as approved by the Committee and set forth in the Award Agreement, in Shares valued at their Fair Market Value on the date of exercise price.or payment, in cash, or in a combination of Shares and cash, subject to applicable tax withholding requirements.
Section # Value of Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights,Upon the Grantee shall receive in settlement thereof, Shares, cash, or both, as determined by the Committee, equal to the “spread value” for the numberexercise of Stock Appreciation Rights exercised. The “spread value” for a Stock Appreciation Right isRight, a Participant shall be entitled to receive an amount in cash or in shares of Stock, as set forth in the amount representingaward agreement, which in the difference by whichaggregate are equal in value to the excess of the Fair Market Value of the underlying Commonone share of Stock on the date of exercise over the Fair Market Value of one share of Stock on the date of grant, multiplied by the number of shares in respect of which the Stock Appreciation Right exceeds the exercise price.shall have been exercised.
Section # Value ofAward. Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights,Rights shall entitle the Grantee shall receive in settlement thereof, Shares, cash, or both, asParticipant, subject to such terms and conditions determined by the Committee, to receive upon exercise thereof an Award equal to all or a portion of the “spread value” forexcess of: # the Fair Market Value of a specified number of shares of Common Stock Appreciation Rights exercised. The “spread value” forat the time of exercise over # a Stock Appreciation Right is the amount representing the difference byspecified price which shall not be less than 100% of the Fair Market Value of the underlying Common Stock onat the datetime the right is granted. Such amount may be paid by the Company in cash, Common Stock (valued at its then Fair Market Value) or any combination thereof, as the Committee may determine. In the event of the exercise of a Stock Appreciation Right that is fully or partially settled in shares of Common Stock, the number of shares reserved for issuance under this Plan shall be reduced by the number of shares issued upon exercise of the Stock Appreciation Right exceeds the exercise price.Right.
Section # ValueGeneral. An Award of a Stock Appreciation Rights. When a Grantee exercises Stock Appreciation Rights,Right shall entitle the Grantee shall receive in settlement thereof, Shares, cash, or both, asParticipant, subject to terms and conditions determined by the Committee, to receive upon exercise of the right an amount equal to or otherwise based on the “spread value” for the numberexcess of Stock Appreciation Rights exercised. The “spread value” for a Stock Appreciation Right is the amount representing the difference by which# the Fair Market Value of a Share at the underlying Common Stocktime of exercise over # the exercise price of the right, as established by the Committee on the date the award is granted. Stock Appreciation Rights may be granted to Participants from time to time. The provisions of exerciseStock Appreciation Rights need not be the same 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 other conditions or restrictions on any Stock Appreciation Right exceeds the exercise price.as it shall deem appropriate.
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.