SARs Sample Clauses
SARs. 23.1 In this clause 23 of this Annexure “A” a reference to:
SARs. As of the Effective Time, and as determined by the LMC Board pursuant to its authority granted under the applicable stock incentive plan of LMC, the following shall occur:
(i) each outstanding LMC SAR related to Liberty Capital Stock, whether vested or unvested (an “Outstanding LMC Capital SAR”), will be converted, automatically, into a Splitco SAR related to the same number and series of shares of Splitco Capital Stock (a “Splitco Capital SAR”) as the number and series of shares of Liberty Capital Stock subject to such Outstanding LMC Capital SAR immediately prior to the Effective Time; and
(ii) each outstanding LMC SAR related to Liberty Starz Stock, whether vested or unvested (an “Outstanding LMC Starz SAR”), will be converted, automatically, into a Splitco SAR related to the same number and series of shares of Splitco Starz Stock (a “Splitco Starz SAR”) as the number and series of shares of Liberty Starz Stock subject to such Outstanding LMC Starz SAR immediately prior to the Effective Time. In addition, the per share base price of each Splitco Capital SAR will be equal to the per share base price of the corresponding Outstanding LMC Capital SAR, and the per share base price of each Splitco Starz SAR will be equal to the per share base price of the corresponding Outstanding LMC Starz SAR; provided, that the base price and the number of shares to which such Splitco SARs relate shall in any event be determined in a manner consistent with the requirements of Section 409A of the Code. All other terms of the Splitco Capital SARs and Splitco Starz SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding LMC Capital SAR and Outstanding LMC Starz SAR, respectively, except that the Splitco SARs will continue to vest so long as the holder provides service (whether as an employee, consultant or nonemployee director, as the case may be) to any of LMC, a Qualifying Subsidiary or their respective Subsidiaries; provided, that the terms and conditions of exercise of the Splitco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.
SARs. “SARs” means stock appreciation rights under the Company’s 2020 Stock Appreciation Rights, as amended, with respect to 97,038 shares of common stock of the Company with an exercise price of $1.30 and which will vest, in full, on March 15, 2025 (subject to the Executive’s remaining in our Continuous Service through such date), unless earlier vested in connection with a Change in Control” of the Company as provided therein.
SARs. CoV-2 is a single-stranded RNA-containing strain of the SARS-CoV type of coronavirus of the Be- tacoronavirus genus, which causes COVID-19 disease.
SARs. The Committee is authorized to grant SARs to Eligible Persons on the following terms and conditions:
SARs. On the terms and conditions stated below, the Company hereby grants to the Grantee an award of SARs covering [ ] shares of Stock, pursuant to which the Grantee shall be eligible for the payment described in Section 4(b) of this Agreement. The SAR Exercise Price for the SARs granted pursuant to this Agreement is $[ ] per SAR, which is agreed to be 100% of the Fair Market Value per share of Stock on the Grant Date.
SARs. The number of "SARs" shall be _______________. The award of SARs does not entitle the Participant to any rights as a shareholder of the Company with respect to the SARs, including accounting of the payment of dividends on the Company's Stock during the period prior to the exercise of the SARs.
SARs. As of the Effective Time, and as determined by the LMC Board pursuant to its authority granted under the applicable stock incentive plan of LMC, each holder of a Liberty SAR (whether unvested, partially vested or fully vested) (each such Liberty SAR, an “Outstanding Liberty SAR”), will receive a stock appreciation right with respect to shares of the corresponding series of Spinco Common Stock (a “Spinco SAR”) and an adjustment to the Outstanding Liberty SAR (as so adjusted, an “Adjusted Liberty SAR”) such that the pre-Spin-Off intrinsic value of the Outstanding Liberty SAR is allocated between the Spinco SAR and the Adjusted Liberty SAR. Except as described herein, all other terms of the Spinco SARs and the Adjusted Liberty SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding Liberty SARs; provided, that the terms and conditions of exercise of the Spinco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.
SARs. Each SAR represents the right to receive an amount equal to the Stock Appreciation (as defined herein), payable in cash. For purposes of this Stock Appreciation Right Agreement, the “Stock Appreciation” for each SAR is the excess, if any, of (i) the fair market value of the underlying share of Common Stock, determined on the date of exercise of the SARs, over (ii) $2.68, the “Xxxxx Xxxxx” of such SAR. Each SAR may be exercised as provided in Section 6 below. No shares of Common Stock shall be issued to the Grantee at the time the award is made. Nor shall any shares of Common Stock be issued to the Grantee at the time any SARs are exercised pursuant to the provisions of Section 6. The Grantee shall not be, nor have any of the rights or privileges of, a stockholder of the Company with respect to any SARs. The Grantee shall not have any interest in any fund or specific assets of the Company by reason of this award, and the Grantee shall be an unsecured creditor of the Company.
SARs. As of the Effective Time, and as determined by the LIC Board pursuant to its authority granted under the applicable stock incentive plan of LIC, each holder of a Liberty Ventures SAR (whether unvested, partially vested or fully vested) who is or formerly was a director, direct employee or consultant of LIC (each such Liberty Ventures SAR, an “Outstanding Liberty Ventures SAR”), will receive a stock appreciation right with respect to shares of the corresponding series of Spinco Common Stock (a “Spinco SAR”) and an adjustment to the Outstanding Liberty Ventures SAR (as so adjusted, an “Adjusted Liberty Ventures SAR”) such that the pre-Spin-Off intrinsic value of the Outstanding Liberty Ventures SAR is allocated between the Spinco SAR and the Adjusted Liberty Ventures SAR. Except as described herein, all other terms of the Spinco SARs and the Adjusted Liberty Ventures SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding Liberty Ventures SARs; provided, that the terms and conditions of exercise of the Spinco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.