Common use of SARs Clause in Contracts

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.

Appears in 2 contracts

Samples: Retention Bonus and Change in Control Agreement (NextTrip, Inc.), Retention Bonus and Change in Control Agreement (Sigma Additive Solutions, Inc.)

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SARs. “SARs” means stock appreciation rights under the Company’s 2020 Stock Appreciation Rights, as amended, with respect to 97,038 181,947 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.

Appears in 2 contracts

Samples: Retention Bonus and Change in Control Agreement (NextTrip, Inc.), Retention Bonus and Change in Control Agreement (Sigma Additive Solutions, Inc.)

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