Common use of Duration of SAR Clause in Contracts

Duration of SAR. Subject to reductions in the SAR period as hereinafter provided in the event of termination of employment or death of the Recipient, the SAR shall continue in effect for a period of 10 years from the Grant Date.

Duration of SAR. Subject to reductions in the SAR period as hereinafter provided provided, in the event of termination of employment or death of the Recipient, the SAR shall continue in effect for a period of 10 years from the Grant Date.