Common use of Independent SARs Clause in Contracts

Independent SARs. Upon the exercise of an SAR granted independently of an Option, the Company may deliver to the Participant authorized but previously unissued Common Stock, cash, or a combination thereof as provided in Section 8.03. The maximum aggregate number of shares of Common Stock that may be issued pursuant to SARs that are granted independently of Options is subject to the provisions of Section 5.01 hereof.

Appears in 9 contracts

Samples: Landamerica Financial Group Inc, Open Plan (Open Plan Systems Inc), Open Plan (Open Plan Systems Inc)

AutoNDA by SimpleDocs

Independent SARs. Upon the exercise of an SAR granted independently of an Option, the Company may deliver to the Participant authorized but previously unissued Common Stock, cash, or a combination thereof as provided in Section 8.038.6. The maximum aggregate number of shares of Common Stock that may be issued pursuant to SARs that are granted independently of Options is subject to the provisions of Section 5.01 5.1. hereof.

Appears in 4 contracts

Samples: Universal Corp /Va/, SportsQuest, Inc., Universal Corp /Va/

Independent SARs. Upon the exercise of an SAR granted independently ---------------- of an Option, the Company may deliver to the Participant authorized but previously unissued Common Stock, cash, or a combination thereof as provided in Section 8.03. The maximum aggregate number of shares of Common Stock that may be issued pursuant to SARs that are granted independently of Options is subject to the provisions of Section 5.01 hereof.

Appears in 2 contracts

Samples: United Financial Banking Companies Inc, United Financial Banking Companies Inc

Independent SARs. Upon the exercise of an a SAR granted independently of an Option, the Company may deliver to the Participant authorized but previously unissued Common Stock, cash, or a combination thereof as provided in Section 8.038.06. The maximum aggregate number of shares of Common Stock that may be issued pursuant to SARs that are granted independently of Options is subject to the provisions of Section 5.01 hereof.

Appears in 1 contract

Samples: Hilb Rogal & Hamilton Co /Va/

AutoNDA by SimpleDocs

Independent SARs. Upon the exercise of an SAR granted independently of an Option, the Company may deliver to the Participant authorized but previously unissued Common Stock, cash, or a combination thereof as provided in Section 8.038.f. The maximum aggregate number of shares of Common Stock that may be issued pursuant to SARs that are granted independently of Options is subject to the provisions of Section 5.01 5.a. hereof.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan (Universal Corp /Va/)

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