Common use of Grant of SARs Clause in Contracts

Grant of SARs. The Company hereby grants to Employee as of the Award Date SARs on <<QTY GRANTED>> shares of the Company's Class A Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Employee’s acceptance of this Agreement. Under this Agreement, upon satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Marriott International Inc /Md/), Form of Stock Appreciation Rights Agreement (Marriott International Inc /Md/)

AutoNDA by SimpleDocs

Grant of SARs. The Company hereby grants to Employee as of the Award Date SARs on <<QTY GRANTED>> #QuantityGranted+C# shares of the Company's Class A Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Employee’s acceptance of this Agreement. Under this Agreement, upon exercising SARs, and subject to satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Marriott International Inc /Md/), Stock Appreciation Rights Agreement (Marriott International Inc /Md/)

Grant of SARs. The Company hereby grants to Employee as of the Award Date SARs on <<QTY GRANTED>> shares of the Company's Class A ’s Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Plan, Employee’s acceptance of this AgreementAgreement and satisfaction of the tax provisions of any policy of the Company regarding international assignments, if applicable. Under this Agreement, upon satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Marriott Vacations Worldwide Corp)

Grant of SARs. The Company hereby grants to Employee as of the Award Grant Date SARs on <<QTY GRANTED>> shares of the Company's Class A ’s Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Plan, Employee’s acceptance of this AgreementAgreement and satisfaction of the tax provisions of the Company’s International Assignment Policy (“IAP”), if applicable. Under this Agreement, upon satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 1 contract

Samples: Form of Stock Appreciation Right Agreement (Marriott International Inc /Md/)

Grant of SARs. The Company hereby grants to Employee as of the Award Date SARs on <<«QTY GRANTED>> Granted» shares of the Company's Class A ’s Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Plan, Employee’s acceptance of this AgreementAgreement and satisfaction of the tax provisions of the Company’s International Assignment Policy (“IAP”), if applicable. Under this Agreement, upon satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Marriott International Inc /Md/)

AutoNDA by SimpleDocs

Grant of SARs. The Company hereby grants to Employee as of the Award Grant Date SARs on <<QTY GRANTED>> «Grant» shares of the Company's Class A ’s Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Plan, Employee’s acceptance of this AgreementAgreement and satisfaction of the tax provisions of the Company’s International Assignment Policy (“IAP”), if applicable. Under this Agreement, upon satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Marriott International Inc /Md/)

Grant of SARs. The Subject to the terms and conditions of the Plan and Participant’s acceptance of this Agreement, the Company hereby grants to Employee Participant as of the Award Grant Date SARs on <<QTY GRANTED>> #QuantityGranted+C# shares of the Company's Class A Common Stock (the "SAR Shares"), subject to the terms and conditions of the Plan and Employee’s acceptance of this Agreement. Under this Agreement, upon exercising SARs, and subject to satisfying the conditions for exercising SARs as set forth in paragraphs 5 and 6 below, Employee Participant shall receive a number of shares of Class A Common Stock of the Company equal to the number of SAR Shares that are being exercised under such SARs multiplied by the quotient of (a) the Final Value minus the Base Value, divided by (b) the Final Value.

Appears in 1 contract

Samples: Stock and Cash Incentive Plan (Marriott International Inc /Md/)

Time is Money Join Law Insider Premium to draft better contracts faster.