Qualified Stock Options. If the Company approves the exercise of the SARs, written notice must be given to the Company stating the number of shares in the Options in respect of which the SARs are being exercised. In due course, you will receive payment in cash in an amount equal to the difference between the Fair Market Value (as defined in the Plan) of one share of the Common Stock on the date of exercise of the SARs and the Option Exercise Price per Share specified in respect of the Options times the number of shares in respect of which the SARs shall have been exercised. Such payment shall be subject to reduction for withholding taxes.
Appears in 7 contracts
Samples: Stock Option Grant Agreement (Goodyear Tire & Rubber Co /Oh/), Stock Option Grant Agreement (Goodyear Tire & Rubber Co /Oh/), Stock Option Grant Agreement (Goodyear Tire & Rubber Co /Oh/)
