Nature of SARs. The SARs provide to the Participant a right to receive, upon exercise of vested SARs in compliance with this Agreement, payment in shares of Stock. The number of shares of Stock that shall be delivered to the Participant upon a valid exercise of the SARs, before any reduction for withholding taxes in accordance with Section 5, shall be determined by multiplying (i) times (ii) and dividing the resulting product by (iii), where:
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Samples: Stock Appreciation Rights Agreement, Stock Appreciation Rights Agreement, Stock Appreciation Rights Agreement (IMS Health Holdings, Inc.)
Nature of SARs. The SARs provide to the Participant a right to receive, upon exercise of vested SARs in compliance with this Agreement, payment in shares of StockShares. The number of shares of Stock Shares that shall be delivered to the Participant upon a valid exercise of the SARs, before any reduction for withholding taxes in accordance with Section 515, shall be determined by multiplying (i) times (ii) and dividing the resulting product by (iii), where:
Appears in 2 contracts
Samples: Award Agreement, Award Agreement (Quintiles IMS Holdings, Inc.)
Nature of SARs. The SARs provide to the Participant a right to receive, upon exercise of vested SARs in compliance with this Agreement, payment in shares of StockShares. The number of shares of Stock Shares that shall be delivered to the Participant upon a valid exercise of the SARs, before any reduction for withholding taxes in accordance with Section 513, shall be determined by multiplying (i) times (ii) and dividing the resulting product by (iii), where:
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