Payment Upon Exercise of SAR. At the discretion of the Committee, payment for a SAR may be in cash, Shares or a combination thereof.
Payment Upon Exercise of SAR. Any payment by the Company in respect of such right may be made in cash, Shares, other property, or any combination thereof, as the Committee, in its sole discretion, shall determine.
Payment Upon Exercise of SAR. Upon exercise of the SAR, the Employee shall be entitled to receive from Forestar, without payment to Forestar (but subject to required tax withholding), in the amount as determined under Section 3c. of the Terms and Conditions and in the form as determined by the Committee in its discretion at the time of payment.
Payment Upon Exercise of SAR. Upon exercise of this SAR, you shall be entitled to receive a cash payment from the Company in an amount equal to (A) the difference between (i) the Fair Market Value of one share of Common Stock on the date of exercise over (ii) the exercise price per share of this SAR, multiplied by (B) the number of shares as to which this SAR is exercised.
