General Restriction. In accordance with the terms of the Plan, the Company may limit or suspend the exercisability of the SARs or the purchase or issuance of SAR Shares thereunder under certain circumstances. Any delay caused thereby shall in no way affect the date of termination of the SARs.
Appears in 17 contracts
Samples: Stock and Cash Incentive Plan (Marriott International Inc /Md/), Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)
General Restriction. In accordance with the terms of the Plan, the Company may limit or suspend the exercisability of the SARs SAR or the purchase or issuance of SAR Shares thereunder under certain circumstances. Any delay caused thereby shall in no way affect the date of termination of the SARsSAR.
Appears in 2 contracts
Samples: Form of Stock Appreciation Right Agreement (Marriott International Inc /Md/), Stock Appreciation Right Agreement (Marriott International Inc /Md/)
General Restriction. In accordance with the terms Section 3.2 of the Plan, the Company may limit or suspend the exercisability of the these SARs or the purchase or issuance of SAR Shares thereunder under certain circumstances. Any delay caused thereby shall in no way affect the date of termination of these SARs. The Company shall not be required to pay cash under the SARsSARs if the exercise of the SARs would constitute a violation by the individual exercising the SARs or by the Company of any provision of any law or regulation of any governmental authority, including without limitation any federal or state securities law or regulation.
Appears in 1 contract
General Restriction. In accordance with the terms of the Plan, the Company may may, under certain circumstances, limit or suspend the exercisability of the SARs or the purchase or issuance of SAR Shares thereunder under certain circumstancesthereunder. Any delay caused thereby shall in no way affect the date of termination Final Expiration Date of the SARs.
Appears in 1 contract
Samples: Stock and Cash Incentive Plan (Marriott International Inc /Md/)