Common use of Grant of SAR Clause in Contracts

Grant of SAR. The Company hereby grants to the Participant the right to receive the aggregate dollar value of appreciation (collectively, “Appreciation”) in the Fair Market Value of the Company’s Common Stock on the number of shares (the “Granted Shares”) specified on Annex A, computed as the excess of (a) the aggregate Fair Market Value of the Granted Shares on the Exercise Date (as defined below) (the “Appreciation Price”) over (b) the aggregate Fair Market Value of the Granted Shares on the Grant Date (the “Xxxxx Xxxxx”). This grant shall be referred to as the SAR. Such Appreciation shall not be payable in cash, but rather shall be payable only in Paid Shares (as defined below) following the withholding of Shares to satisfy mandatory tax withholding obligations. This SAR is in all respects limited and conditioned as hereinafter provided, and is subject to the terms and conditions of the 2005 Plan (which terms and conditions are and automatically shall be incorporated herein by reference and made a part hereof and shall control in the event of any conflict with any terms of this SAR Agreement).

Grant of SAR. The Company hereby grants to the Participant the right to receive the aggregate dollar value of appreciation (collectively, “Appreciation”") in the Fair Market Value of the Company’s Common Stock on the number of shares (the “Granted Shares”") specified on Annex A, computed as the excess of difference between (a) the aggregate Fair Market Value of the Granted Shares on the Grant Date (the “Gxxxx Xxxxx") and (b) the aggregate Fair Market Value of the Granted Shares on the Exercise Date (as defined below) (the “Appreciation Price”) over (b) the aggregate Fair Market Value of the Granted Shares on the Grant Date (the “Xxxxx Xxxxx”"). This grant shall be referred to as the SAR. Such Appreciation shall not be payable in cash, but rather shall be payable only in Paid Shares (as defined below) following the withholding of Shares to satisfy mandatory tax withholding obligations). This SAR is in all respects limited and conditioned as hereinafter provided, and is subject to the terms and conditions of the 2005 Plan (which terms and conditions are and automatically shall be incorporated herein by reference and made a part hereof and shall control in the event of any conflict with any terms of this SAR Agreement).