Common use of SAR Award Clause in Contracts

SAR Award. Subject to Section 5 of this Agreement, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to the following schedule: Date SARs Vested December 8, 2012 33 1/3 % December 8, 2013 66 2/3 % December 8, 2014 100 % Earned SARs may be exercised in whole or in part at any time until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Award Agreement (Lennox International Inc)

AutoNDA by SimpleDocs

SAR Award. Subject to Section 5 of this Agreement, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to the following schedule: Date SARs Vested December 86, 2012 2013 33 1/3 1/3% December 86, 2013 2014 66 2/3 2/3% December 86, 2014 100 2015 100% Earned SARs may be exercised in whole or in part at any time until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Award Agreement (Lennox International Inc)

SAR Award. Subject to Section 5 of this Agreement, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to the following schedule: Date SARs Vested December 812, 2012 2014 33 1/3 1/3% December 812, 2013 2015 66 2/3 2/3% December 812, 2014 100 2016 100% Earned SARs may be exercised in whole or in part at any time until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Award Agreement (Lennox International Inc)

SAR Award. Subject to Section 5 of this Agreement, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to the following schedule: Date SARs Vested December 8, 2012 _______________ 33 1/3 % December 8, 2013 _______________ 66 2/3 % December 8, 2014 _______________ 100 % Earned SARs may be exercised in whole or in part at any time until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Term Incentive Award Agreement (Lennox International Inc)

SAR Award. Subject to Section paragraphs 5 of this Agreementand 6 herein, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to in accordance with the following schedule: Date SARs Vested Shares Available for Purchase December 811, 2012 2009 33 1/3 % December 811, 2013 2010 66 2/3 % December 811, 2014 2011 100 % Earned SARs To the extent the SAR Award becomes exercisable, such SAR Award may be exercised in whole or in part (at any time or from time to time, except as otherwise provided herein) until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Award Agreement (Lennox International Inc)

AutoNDA by SimpleDocs

SAR Award. Subject to Section paragraphs 5 of this Agreementand 6 herein, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to in accordance with the following schedule: Date SARs Vested Shares Available for Purchase December 86, 2012 2008 33 1/3 1/3% December 86, 2013 2009 66 2/3 2/3% December 86, 2014 100 2010 100% Earned SARs To the extent the SAR Award becomes exercisable, such SAR Award may be exercised in whole or in part (at any time or from time to time, except as otherwise provided herein) until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Term Incentive Award Agreement (Lennox International Inc)

SAR Award. Subject to Section 5 of this Agreement, the SAR Award may be exercised only to the extent the SAR Award has become vested (the “Earned SARs”) according to the following schedule: Date SARs Vested December 812, 2012 2015 33 1/3 1/3% December 812, 2013 2016 66 2/3 2/3% December 812, 2014 100 2017 100% Earned SARs may be exercised in whole or in part at any time until expiration of the SAR Period, subject to Section 5 of this Agreement.

Appears in 1 contract

Samples: Incentive Award Agreement (Lennox International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.