Common use of Cash Out Clause in Contracts

Cash Out. In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ advance notice to the Participant, cancel the SARs and pay to the Participant the Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the SAR equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the SAR without the payment of consideration therefor.

Cash Out. In the event of a Change in Control, the Compensation Committee may, in its discretion and upon at least ten (10) days’ advance notice to the Participantdiscretion, cancel the SARs and pay to the Participant Grantee the Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the SAR equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control, the Committee board of directors may cancel the SAR without the payment of consideration therefor.

Cash Out. In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ advance notice to the Participant, cancel any or all of the outstanding SARs granted under this Agreement and pay to the Participant the cash Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the eventChange in Control transaction. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price Base Value of the an outstanding SAR equals or exceeds the price to be paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the SAR without the payment of consideration thereforany consideration.

Cash Out. In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ advance notice to the ParticipantDirector, cancel the SARs and pay to the Participant Director the Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the SAR equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the SAR SARs without the payment of consideration therefor.

Cash Out. In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ ' advance notice to the Participant, cancel the SARs and pay to the Participant the Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the SAR equals or exceeds the price paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the SAR without the payment of consideration therefor.

Cash Out. In the event of a Change in Control, the Committee may, in the exercise of its discretion and upon at least ten (10) days’ days advance notice to the ParticipantYou, cancel the SARs and and, instead, pay to the Participant You the Appreciation Value of the SARs based upon the price per share of Common Stock received or to be received by other shareholders of the Company in connection with the Change in Control event. Notwithstanding the foregoing, if If at the time of a the Change in Control event the Exercise Price of the SAR equals or exceeds the price paid or to be paid for a share of Common Stock in connection with the Change in Control, the Committee may cancel the SAR without the payment of consideration therefor.