Grant of Stock Appreciation Right. The Company hereby grants to the Participant, as of the Grant Date specified above, a stock appreciation right (this “Stock Appreciation Right”) entitling the Participant to receive an amount in cash, shares of Common Stock, or both, in the discretion of the Company, equal to the excess of (i) the Fair Market Value of a share of Common Stock on the date of exercise (up to a maximum of $10.00) over (ii) the Per Share Base Price specified above with respect to the aggregate number of shares of the Common Stock specified above (the “Shares”).
Appears in 4 contracts
Samples: Stock Appreciation Right Agreement (First Albany Companies Inc), Stock Appreciation Right Agreement (First Albany Companies Inc), Stock Appreciation Right Agreement (First Albany Companies Inc)
