Common use of Grant of SAR Clause in Contracts

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date, a SAR on the number of shares specified above. The SAR represents the right, upon exercise, to receive [either cash or] a number of shares of Common Stock [, or a combination of cash and shares of Common Stock,] with a Fair Market Value on the date of exercise equal [, in each case,] to the product of (i) the aggregate number of shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the SAR Base Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the SAR unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement.

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date, a SAR on the number of shares specified above. The This SAR represents the right, upon exercise, to receive either [either cash or] a number of shares of Common Stock Stock, [, or a combination of cash and shares of Common Stock,] with a Fair Market Value on the date of exercise equal [, in each case,] to the product of (i) the aggregate number of shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the SAR Base Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the this SAR unless and until the Participant has become the holder of record of such the shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement.

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date, a SAR on the number of shares of Common Stock (the “Shares”) specified above. The SAR represents the rightright to receive, upon exercise, to receive [either cash or] (a) a number of shares of Common Stock [Shares, (b) cash or (c) a combination of cash and shares of Common Stock,] Shares, in each case, with a Fair Market Value on the date of exercise equal [, in each case,] to the product of (i) the aggregate number of shares Shares with respect to which this the SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock Share as of the date of exercise over (B) the SAR Base Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any or no reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock Shares covered by the SAR unless and until the Participant has become the holder of record of such sharesShares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such sharesShares, except as otherwise specifically provided for in the Plan or this Agreement.