Grant of SARs. As of the Grant Date, Corporation has granted to Participant the SARs. The SARs represent the right of Participant to receive Shares in an amount equal to 100% of the Spread on the date on which the SARs are exercised subject to and upon the terms and conditions of this Agreement and the Plan. For purposes of this Agreement, “Spread” means the excess of the Fair Market Value of a Share on the date when a SAR is exercised over the Base Price.
Appears in 6 contracts
Samples: Stock Appreciation Rights Award Agreement, Stock Appreciation Rights Award Agreement (Louisiana-Pacific Corp), Stock Appreciation Rights Award Agreement (Louisiana-Pacific Corp)
