Common use of Exercise of SARs Clause in Contracts

Exercise of SARs. Subject to the limitations herein and in the Plan, the SARs may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on or prior to the tenth (10th) anniversary of the Grant Date, regardless of Xxxxx’x service status, by written notice to the Company at its principal executive office. Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

Appears in 9 contracts

Samples: Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc)

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Exercise of SARs. Subject to the limitations herein and in the Plan, the SARs may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on or prior to the tenth (10th) anniversary of the Grant Date, regardless of Xxxxx’x service status, by written notice to the Company at its principal executive office. Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

Appears in 3 contracts

Samples: Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc)

Exercise of SARs. Subject to the limitations herein and in the Plan, the SARs may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on or prior to the tenth (10th) anniversary of the Grant Date, regardless of Xxxxx’x Xxxxxx’x service status, by written notice to the Company at its principal executive office. Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

Appears in 3 contracts

Samples: Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc)

Exercise of SARs. Subject to the limitations herein and in the Plan, the SARs SARs, to the extent vested, may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on or prior to the tenth (10th) anniversary of the Grant Date, regardless of Xxxxx’x Employee’s service status, by written notice to the Company at its principal executive office. Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

Appears in 3 contracts

Samples: Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc)

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Exercise of SARs. Subject to the limitations herein and in the Plan, the SARs may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on or prior to the tenth (10th) anniversary of the Grant Date, regardless of Xxxxx’x Employee’s service status, by written notice to the Company at its principal executive office. Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

Appears in 2 contracts

Samples: Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc), Stock Appreciation Right Agreement (Sinclair Broadcast Group Inc)

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