Common use of Expiration of SAR Clause in Contracts

Expiration of SAR. Unless terminated earlier in accordance with the terms of this Award Agreement or the Plan, the SAR granted herein shall expire at 5:00 P.M., U.S. Central Time, on the tenth (10th) Anniversary of the Grant Date (the "Expiration Date"). If the Expiration Date is a Saturday, Sunday or any other day which is a holiday of the United States Federal Government (a "Non-Business Day"), then the SAR granted herein shall expire, unless earlier terminated in accordance with the terms of this Award Agreement or the Plan, at 5:00 P.M., U.S. Central Time, on the first day that is not a Non-Business Day (a "Business Day") following such Expiration Date.

Appears in 3 contracts

Samples: Stock Appreciation Rights Agreement (Garmin LTD), Stock Appreciation Rights Agreement (Garmin LTD), Stock Appreciation Rights Agreement (Garmin LTD)

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