Common use of Modification, Extension or Assumption of SARs Clause in Contracts

Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or obligations under such SAR.

Appears in 7 contracts

Samples: Stock Incentive Plan (Lucid Group, Inc.), 2021 Stock Incentive Plan (1stdibs.com, Inc.), 2021 Stock Incentive Plan (Coursera, Inc.)

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Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her the Participant’s rights or obligations under such SAR.

Appears in 6 contracts

Samples: 2024 Omnibus Incentive Plan (I-Mab), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.)

Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cashShares, without stockholder approval. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or obligations under such SAR.

Appears in 4 contracts

Samples: 2020 Stock Incentive Plan (Concentrix Corp), 2019 Stock Incentive Plan (SITIME Corp), 2019 Stock Incentive Plan (SITIME Corp)

Modification, Extension or Assumption of SARs. Within Subject to Section 5(e), within the limitations of the Plan, the Committee may modify, extend, or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or obligations under such SAR.

Appears in 2 contracts

Samples: 2021 Stock Incentive Plan (Lucid Group, Inc.), 2021 Stock Incentive Plan (Lucid Group, Inc.)

Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her the holder’s rights or obligations under such SAR.

Appears in 2 contracts

Samples: 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD), Business Combination Agreement (SC Health Corp)

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Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a an SAR shall, without the consent of the holder, materially impair his or her the Participant’s rights or obligations under such SAR.

Appears in 1 contract

Samples: 2024 Stock Incentive Plan (Sow Good Inc.)

Modification, Extension or Assumption of SARs. Within the limitations of the Plan, applicable law and listing requirements, the Committee may modify, extend, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number of Shares or cashwithout stockholder approval. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or obligations under such SAR.

Appears in 1 contract

Samples: Inducement Award Plan (SITIME Corp)

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