Payment of Sars Sample Clauses

Payment of Sars. Each right subject to the SAR Award shall be payable upon exercise of the right, as determined by the Compensation Committee in its sole discretion, in the form of either Class B Shares, Lions Gate’s Class A voting common shares, cash or any combination of the foregoing, with such payment in any case to have an aggregate value (for each right so exercised) equal to the amount by which the fair market value (as determined under Lions Gate’s stock incentive plan) of a Class B Share on the date of such exercise of the SAR Award exceeds the per-share base price of the SAR Award. The SAR Award may be exercised only if and to the extent vested.
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Payment of Sars. SARs granted to Employees in Australia shall be paid in Shares only and do not provide any right for Employees to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary.
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Payment of Sars. SARs granted to Employees in Sweden shall be paid in Shares only and do not provide any right for Employees to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary. SWITZERLAND Notifications
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Payment of Sars. SARs granted to Employees in the United Kingdom shall be paid in Shares only and do not provide any right for Employees to receive a cash payment, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary.
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Payment of Sars. Immediately prior to the Closing on the Closing --------------- Date, the Company shall pay to the holders of the SARs ninety percent (90%) of the Estimated SAR Payment Amount and shall deposit in escrow with Xxxxxxx & Xxxx, S.C., the remaining ten percent (10%) of the Estimated SAR Payment Amount and the Buyer shall lend to or otherwise provide the Company with cash in the amount required to make such payments and deposit. Upon final disbursement of the Escrow Amount as provided in Paragraph 1.5, above, and final determination of the SAR Payment Amount the balance of the SAR Payment Amount shall be paid to the holders of the SARs by the Escrow Agent from the Escrow Amount. Upon payment of the Earnout Payment, if any, to the Sellers in accordance with Schedule 1.2 attached hereto, ------------ the balance of the SAR Payment shall be paid by the Sellers to the holders of the SARs. For purposes hereof and for tax purposes, the SAR Payment Amount shall be deemed to have been paid by the Company prior to the Closing and the Sellers shall be entitled to the benefit of all deductions which the Company may receive for tax purposes as a result of making such payments. To the extent that the Buyer shall receive any deduction for such payments or shall otherwise receive a refund or credit for tax purposes as a result of such payments, the Buyer shall reimburse the Sellers in proportion to their ownership of the Subject Shares as set forth on Schedule 1.1 attached hereto, in the amount of such deduction, ------------ refund or credit.
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Payment of Sars. Except as hereinafter provided, the Company shall pay the Participant’s entire account in cash in a lump sum on the Scheduled Payment Date, taking into account any election to defer such payment in accordance with Section 7 below. Notwithstanding the foregoing, upon the Participant’s Termination of Employment or a Change in Control prior to the Scheduled Payment Date, the Company shall pay the Participant’s account balance in a lump sum within ninety (90) days following the occurrence of such event.
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Payment of Sars 
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Related to Payment of Sars

  • Grant of SARs Subject to the terms and conditions of the Plan, SARs may be granted to Employees and Consultants at any time and from time to time as shall be determined by the Committee, in its sole discretion. The Committee shall have complete discretion to determine the number of SARs granted to any Participant, provided that during any Fiscal Year, no Participant shall be granted SARs covering more than 500,000 Shares.

  • Payment of Salary Executive acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive.

  • Payment of Shares At or prior to the time of delivery of any of our shares you will pay or cause to be paid to the Custodian, for our account, an amount in cash equal to the net asset value of such shares. In the event that you pay for shares sold by you prior to your receipt of payment from purchasers, you are authorized to reimburse yourself for the net asset value of such shares from the offering price of such shares when received by you.

  • Grant of SAR The Company hereby grants to the Grantee under the Plan, as a separate incentive in connection with his or her employment and not in lieu of any salary or other compensation for his or her services, a Stock Appreciation Right (“SAR”) pertaining to all or any part of an aggregate of Shares shown on the attached notice of grant, which SAR entitles the Grantee to exercise the SAR in exchange for Shares in the amount determined under Paragraph 9 below.

  • Payment of Bonuses The Bonus payable to an Executive for any Fiscal Year shall be paid in accordance with the following provisions:

  • Payment of Bonus Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.

  • Payment of Salary and Receipt of All Benefits Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee.

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Payment of Severance Subject to subsections (h) and (i) below and Section 4, if the Eligible Employee incurs a Severance during the Change in Control Protection Period, the Company shall pay to him a lump sum cash payment, no later than 10 days after the Severance Date (or the date of the Change in Control, if later), equal to two and ninety-nine one-hundredths (2.99) times the Eligible Employee’s Final Pay.

  • Treatment of Stock Options 6 ARTICLE III.

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