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: 2000 Stock Incentive Plan (Landamerica Financial Group Inc), 2000 Stock Incentive Plan (Landamerica Financial Group Inc), 1996 Stock Incentive Plan (Open Plan Systems Inc)

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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: 2007 Stock Incentive Plan (SportsQuest, Inc.), Stock Incentive Plan (Universal Corp /Va/), 2007 Stock Incentive Plan (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: 1990 Executive Stock Plan (United Financial Banking Companies Inc), 1999 Executive Stock Plan (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: 2000 Stock Incentive Plan (Hilb Rogal & Hamilton Co /Va/)

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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: Stock Incentive Plan (Universal Corp /Va/)

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