Cancellation of Tandem Option or SAR. Notwithstanding anything in this Agreement to the contrary, the exercise of all or a portion of this SAR shall result in the cancellation of the corresponding right to purchase a like number of shares under the Tandem Option, and the exercise of all or a portion of the Tandem Option shall result in the cancellation of the corresponding right to exercise this SAR for a like number of shares. The Participant may not simultaneously exercise this SAR for a corresponding number of shares purchased through the exercise of the Tandem Option.]
Appears in 4 contracts
Samples: Stock Appreciation Rights Agreement (Cardiovascular Systems Inc), Stock Appreciation Rights Agreement (Surmodics Inc), Stock Appreciation Rights Agreement (Surmodics Inc)