Common use of Payment of SAR Amount Clause in Contracts

Payment of SAR Amount. Upon exercise of a SAR, a Participant will be entitled to receive payment from the Corporation an amount determined by multiplying: (i) the difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times (ii) the number of Shares with respect to which the SAR is exercised. At the discretion of the Administrator, the payment upon SAR exercise may be in cash, in Shares of equivalent value, other securities, other Awards, other property or a combination of any of the foregoing.

Appears in 6 contracts

Samples: 2007 Stock Option Plan (Simulations Plus Inc), Amended And (Akorn Inc), Akorn Inc

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Payment of SAR Amount. Upon the exercise of a an SAR, a Participant will shall be entitled to receive payment from the Corporation Company in an amount determined by multiplying: multiplying (ia) the difference between the Fair Market Value of a Share on the Common Stock for the date of exercise over the exercise price; times gxxxx xxxxx by (iib) the number of Shares shares with respect to which the SAR is exercised. At the discretion of the AdministratorCommittee, the payment upon exercise of an SAR exercise may be in cash, in Shares shares of equivalent value, in some combination thereof or in any other securities, other Awards, other property or a combination of any of manner approved by the foregoingCommittee in its sole discretion.

Appears in 2 contracts

Samples: Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc)

Payment of SAR Amount. Upon exercise of a SAR, a Participant will Holder shall be entitled to receive payment from the Corporation Company in an amount determined by multiplying: multiplying (i) the positive difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times price per Share by (ii) the number of Shares with respect to which the SAR is exercised. At the discretion of the Administrator, the The payment upon a SAR exercise may be in cash, in whole Shares of equivalent value, other securitiescash, other Awards, other property or a combination of any of whole Shares and cash. Fractional Shares shall be rounded to the foregoingnearest whole Share.

Appears in 1 contract

Samples: TVAX Biomedical, Inc.

Payment of SAR Amount. Upon exercise of a SAR, a Participant will shall be entitled to receive payment from the Corporation Company in an amount determined by multiplying: (i) the The difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times (ii) the The number of Shares with respect to which the SAR is exercised. At the discretion of the Administrator, the payment upon SAR exercise may be in cash, in Shares of equivalent value, other securities, other Awards, other property or a combination of any of the foregoing.

Appears in 1 contract

Samples: Versata Inc

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Payment of SAR Amount. Upon exercise of a SAR, a Participant will Grantee shall be entitled to receive payment from the Corporation Company in an amount determined by multiplying: multiplying (i) the positive difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times price per Share by (ii) the number of Shares with respect to which the SAR is exercised. At the discretion of the Administrator, the The payment upon a SAR exercise may shall be solely in cash, in whole Shares of equivalent value, other securities, other Awards, other property or a combination of any of . Fractional Shares shall be rounded down to the foregoingnearest whole Share with no cash consideration being paid upon exercise.

Appears in 1 contract

Samples: Garmin LTD

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