Stock Appreciation Rights. The Committee may grant Stock Appreciation Rights to any Eligible Person in conjunction with all or part of any Option granted under the Plan or at any subsequent time during the term of such Option (a Tandem Stock Appreciation Right), or without regard to any Option (a Freestanding Stock Appreciation Right), in each case upon such terms and conditions as the Committee may establish in its sole discretion, not inconsistent with the provisions of the Plan, including the following:
Stock Appreciation Rights. The Committee may grantaward Stock Appreciation Rights to any Eligible Persona Grantee subject to the limits under [Sections 5.2 and 5.4]4]. Stock Appreciation Rights may be granted in conjunctiontandem with all or partany portion of a related Option (a “Tandem Stock Appreciation Right”) or may be granted independently of any Option (a “Freestanding Stock Appreciation Right”). A Tandem Stock Appreciation Right may be granted undereither concurrently with the Plangrant of the related Option or at any subsequent time duringthereafter prior to the termcomplete exercise, termination, expiration or cancellation of such Option (a Tandem Stock Appreciation Right), or without regard to any Option (a Freestanding Stock Appreciation Right), in each case upon such terms and conditions as the Committee may establish in its sole discretion, not inconsistent with the provisions of the Plan, including the following:related Option.
Stock Appreciation Rights. The Committee maymay, in its discretion, either alone or in connection with the grant of an Option, grant Stock Appreciation Rights to any Eligible Person in conjunctionaccordance with all or partthe Plan, the terms and conditions of any Optionwhich shall be set forth in an Agreement. If granted under the Plan or at any subsequent time during the term of such Option (a Tandemin connection with an Option, a Stock Appreciation Right)Right shall cover the same shares covered by the Option (or such lesser number of shares as the Committee may determine) and shall, except as provided in this [Section 7], or without regardbe subject to any Option (a Freestanding Stock Appreciation Right), in each case upon suchthe same terms and conditions as the Committee may establish in its sole discretion, not inconsistent with the provisions of the Plan, including the following:related Option.
Grant of Stock Appreciation Rights. The Committee may grant to any Participant either Non-Tandem Stock Appreciation Rights to any Eligible Person in conjunction with all or part of any Option granted under the Plan or at any subsequent time during the term of such Option (a TandemTandem Stock Appreciation Right), or without regardRights subject to any Option (a Freestanding Stock Appreciation Right), in each case upon such terms and conditions as the Committee shall impose. A Stock Appreciation Right shall entitle the holder, within the specified exercise period, to exercise the Stock Appreciation Right and receive in exchange therefor a payment having an aggregate value equal to the amount by which the Fair Market Value of a Share on the exercise date exceeds the specified exercise price, times the number of shares with respect to which the Stock Appreciation Right is exercised. The Committee may establishprovide in its sole discretion, not inconsistent with the provisionsAward agreement for automatic exercise on a certain date, for payment of the Plan, includingproceeds on a certain date, for accelerated vesting and other rights upon the following:occurrence of events specified in the Award agreement, and/or for exercise periods that do not begin until after a Change in Control or the occurrence of such other event as the Committee may designate. Each Stock Appreciation Right grant shall be evidenced by an Award agreement that shall specify the exercise price, the exercise period, the number of Shares to which the Stock Appreciation Right pertains and such other provisions as the Committee shall determine.
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