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: December 6, 2013 33 1/3% December 6, 2014 66 2/3% December 6, 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

Sources: Long 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: December 6To the extent the SAR Award becomes exercisable, 2013 33 1/3% December 6, 2014 66 2/3% December 6, 2015 100% Earned SARs 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

Sources: Long 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: December 611, 2013 2009 33 1/31/3 % December 611, 2014 2010 66 2/32/3 % December 611, 2015 1002011 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

Sources: Long 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: December 612, 2013 2014 33 1/3% December 612, 2014 2015 66 2/3% December 612, 2015 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

Sources: Long 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: December 612, 2013 2015 33 1/3% December 612, 2014 2016 66 2/3% December 612, 2015 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

Sources: Long Term Incentive Award Agreement (Lennox International Inc)