Common use of Determination of Amount Payable Clause in Contracts

Determination of Amount Payable. When settlement of your SARs is due under the terms of the Plan and this Agreement, your vested SARs will be converted to a single cash payment by multiplying: (i) the excess of the Fair Market Value of a Share as of the last day of the Performance Period (or, if occurring earlier, the date of a Change in Control) over the Fair Market Value of a Share as of January 1, 2016 by (ii) the number of vested SARs.

Determination of Amount Payable. When settlement of your SARs is due under the terms of the Plan and this Agreement, your vested SARs will be converted to a single cash payment by multiplying: (i) the excess of the Fair Market Value of a Share as of the last day of the Performance Period (or, if occurring earlier, the date of a Change in Control) over the Fair Market Value of a Share as of January 1, 2016 2015 by (ii) the number of vested SARs.