Example ContractsClausesexpiration of stock appreciation rightsVariants
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The Company grants the Executive Stock Appreciation Rights (SARs) with respect to Shares of the common stock of the Company.

The Company grantsGrant of SARs. Subject to the Executive provisions of the Plan, the Committee may grant rights to receive any excess in value of shares of Common Stock over the exercise price (“Stock Appreciation Rights (SARs) with respect to SharesRights” or “SARs”). The Committee shall determine at the time of grant or thereafter whether SARs are settled in cash, Common Stock or other securities of the common stockCompany, Awards or other property, and may define the manner of determining the excess in value of the Company.shares of Common Stock.

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