Common use of Payment of SAR Amount Clause in Contracts

Payment of SAR Amount. Upon exercise of the SAR, the Participant shall be entitled to receive a payment equal to the amount determined by multiplying: (a) the excess, if any, of the Fair Market Value of a share of Stock on the date of exercise over the base value fixed by the Committee on the Date of Grant, by (b) the number of shares with respect to which the SAR is exercised. Payment shall be made in the manner and at the time specified by the Committee in the Award Agreement. At the discretion of the Committee, the Award Agreement may provide for payment for the SARs in cash, shares of Stock of equivalent value, or in a combination thereof.

Payment of SAR Amount. Upon the exercise of the an SAR, the a Participant shall be entitled to receive a payment equal to the in an amount determined by multiplying: (a) the excess, if any, of difference between the Fair Market Value of a share of the Common Stock on the date of exercise over the base value fixed by xxxxx xxxxx of the Committee on the Date of Grant, SAR by (b) the number of shares with respect to which the SAR is exercised. Payment shall be made in the manner and at the time specified by the Committee in the Award Agreement. At the discretion of the CommitteeCommittee as set forth in the instrument evidencing the Award, the Award Agreement payment upon exercise of an SAR may provide for payment for the SARs be in cash, shares of Stock of equivalent valuein shares, in some combination thereof or in a combination thereofany other manner approved by the Committee in its sole discretion.

Payment of SAR Amount. Upon the exercise of the an SAR, the a Participant shall be entitled to receive a payment equal to the in an amount determined by multiplying: (a) the excess, if any, of difference between the Fair Market Value of a share of the Common Stock on for the date of exercise over the base value fixed by gxxxx xxxxx of the Committee on the Date of Grant, SAR by (b) the number of shares with respect to which the SAR is exercised. Payment shall be made in the manner and at the time specified by the Committee in the Award Agreement. At the discretion of the CommitteePlan Administrator as set forth in the instrument evidencing the Award, the Award Agreement payment upon exercise of an SAR may provide for payment for the SARs be in cash, shares of Stock of equivalent valuein shares, in some combination thereof or in a combination thereofany other manner approved by the Plan Administrator in its sole discretion.