Common use of SAR Clause in Contracts

SAR. SAR means a stock appreciation right that entitles the holder to receive, with respect to each share of Common Stock encompassed by the exercise of such SAR, the excess, if any, of the Fair Market Value at the time of exercise over the Initial Value. References to “SARs” include both Corresponding SARs and SARs granted independently of Options, unless the context requires otherwise.

SAR. SAR means a stock appreciation right that entitles the holder to receive, with respect to each share of Common Stock encompassed by the exercise of such SAR, the excess, if any, excess of the Fair Market Value at the time of exercise over the Initial Value. References to “SARs” include both Corresponding SARs and SARs granted independently Value of Options, unless the context requires otherwiseSAR.

SAR. SAR “SAR” means a stock appreciation contractual right that entitles granted to a Participant under this Plan to receive in cash (i) the holder to receiveappreciation, with respect to each if any, in the Fair Market Value of a share of Common Stock encompassed by the exercise of such SAR, the excess, if any, of the Fair Market Value at the time of exercise over the Initial Value. References period which starts on the Grant Date and ends on the Exercise Date multiplied by (ii) the number of SAR Units with respect to “SARs” include both Corresponding SARs and SARs granted independently of Options, unless which the context requires otherwiseParticipant exercises such right.

SAR. SAR means a stock appreciation right (which may be granted only in conjunction with an Option) that entitles the holder to receive, with respect to each share of Common Stock encompassed by the exercise of such SAR, the excess, if any, of the Fair Market Value at the time of exercise over the Initial Value. References to “SARs” include both Corresponding SARs and SARs granted independently Fair Market Value on the date of Options, unless the context requires otherwisegrant.