Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the Committee’s discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares shall be delivered upon the exercise of an SAR.
Appears in 4 contracts
Samples: Stock Incentive Plan (Universal Corp /Va/), 2007 Stock Incentive Plan (Universal Corp /Va/), Stock Incentive Plan (Universal Corp /Va/)
Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the Committee’s Board's discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares shall be delivered upon the exercise of an SARSAR but a cash payment will be made in lieu thereof.
Appears in 2 contracts
Samples: Incentive Plan (Southern Community Financial Corp.), Stock Incentive Plan (Eagle Financial Services Inc)
Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the Committee’s Administrator's discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No A fractional shares share shall not be delivered deliverable upon the exercise of an SARSAR but a cash payment will be made in lieu thereof.
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Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the Committee’s discretion, the amount payable as a result of the exercise of an a SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares shall be delivered upon the exercise of an SARa SAR but a cash payment will be made in lieu thereof.
Appears in 1 contract
Samples: 2000 Stock Incentive Plan (Hilb Rogal & Hamilton Co /Va/)
Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At If the Committee’s discretionAgreement provides or the Committee so determines, up to one-half of the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination by the payment of cash and the remainder by the issuance of Common StockStock having an aggregate Fair Market Value equal thereto. No fractional shares In the absence of such provision or determination, a Participant exercising an SAR shall be delivered upon entitled to receive Common Stock equal in aggregate Fair Market Value to the amount payable as a result of the exercise of an SAR.
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Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the Committee’s discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares shall be delivered upon the exercise of an SARSAR but a cash payment will be made in lieu thereof.
Appears in 1 contract
Samples: 2000 Stock Incentive Plan (Landamerica Financial Group Inc)
Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the CommitteeBoard’s discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares shall be delivered upon the exercise of an SARSAR but a cash payment will be made in lieu thereof.
Appears in 1 contract
Samples: Stock Incentive Plan (Southern National Bancorp of Virginia Inc)
Determination of Payment of Cash and/or Common Stock Upon Exercise of SAR. At the CommitteeAdministrator’s discretion, the amount payable as a result of the exercise of an SAR may be settled in cash, Common Stock, or a combination of cash and Common Stock. No fractional shares share shall be delivered deliverable upon the exercise of an SARSAR but a cash payment will be made in lieu thereof.
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