Settlement of SARs. Notwithstanding anything to the contrary in the SARs Agreement, due to local regulatory requirements, upon the vesting of the SARs the Grantee will receive a cash payment in China via the Company local Chinese payroll in an amount equal to the value of the shares of Common Stock underlying the vested SARs on the vesting date. As long as the Grantee resides in China, he or she may not receive or hold shares of Common Stock in connection with the SARs under the Plan. Accordingly, any provisions in the Agreement referring to issuance of shares of Common Stock shall not be applicable to the Grantee as long as he or she resides in China.
Settlement of SARs. Payment in respect of the SARs that have been exercised shall be made to the Participant as soon as administratively practicable following the Exercise Date. The amount of payment will be equal to the excess of the Fair Market Value of the Shares on the Exercise Date over the Xxxxx Xxxxx multiplied by the number of SARs being exercised (the “SAR Payment Amount”). The SAR Payment Amount shall be paid in Shares. The number of Shares to be delivered will be equal to SAR Payment Amount divided by the Fair Market Value of the Shares on the Exercise Date rounded up to the nearest whole Share.
Settlement of SARs. Notwithstanding anything to the contrary in the Agreement, upon the vesting of the SARs, the Grantee will receive a cash payment in an amount equal to the value of the shares of Common Stock underlying the vested SARs on a vesting date. As long as the Grantee resides in Australia, he or she may not receive or hold shares of Common Stock in connection with the SARs under the Plan. Accordingly, any provisions in the Agreement referring to issuance of shares of Common Stock shall not be applicable to the Grantee as long as he or she resides in Australia.
Settlement of SARs. The Company at its election and in its sole discretion, may settle any SARs requested to be exercised pursuant to Section 3(a) in Shares (based on their value as of the Settlement Date (as defined below)) or cash, all in accordance with the terms and conditions of the Plan.
Settlement of SARs. Following the proper exercise of vested SARs by Holder, the Company will settle the SARs by issuing to Holder the number of shares of Stock, rounded down to the nearest whole number of shares, equal to (i) the number of SARs being exercised multiplied by (ii) a fraction, the numerator of which equals the positive difference, if any, between the Fair Market Value of a share of Stock on the exercise date less the Base Price, and the denominator of which equals the Fair Market Value of a share of Stock on the exercise date.
Settlement of SARs. Subject to the earlier expiration of the SARs as herein provided, provided that the Employee has been continuously employed by Company or any of its Affiliates (collectively, the “Company Group”) from the Date of Grant through the third anniversary of the Date of Grant (the “Settlement Date”) and the Threshold Condition is met, the SARs shall be settled as soon as practicable after the Settlement Date by delivery of a number of shares of Common Stock equal to (i) the product of the total number of SARs multiplied by the excess of the Fair Market Value over the Exercise Price, divided by (ii) the Fair Market Value. No fraction of a share of Common Stock shall be issued by the Company upon settlement of SARs; rather, the Company shall round up to the nearest whole share. It is the current intention of the Company to issue shares of Common Stock in exchange for settlement of the SARs. However, the Company, at its own election, may settle the SARs in cash. If the Threshold Condition has not been met on the Settlement Date, the SARs will immediately terminate with no payment therefor. For purposes of the determination of the consideration payable upon settlement of SARs in this Section 3, “Fair Market Value” shall mean the average closing price of a share of Common Stock over the twenty (20) trading days prior to the Settlement Date (or such earlier date of settlement pursuant to Section 4(b)).
Settlement of SARs. Upon the exercise of all or a portion of this Award, the Participant will be entitled to receive, with respect to each Exercised SAR, a payment equal to (i) the amount by which the Fair Market Value of one Share on the date of exercise exceeds (ii) the per share Exercise Price of the SAR. The Participant may request that such payment be made in the form of Shares, cash, or a combination of Shares and cash; provided, however, that the Committee shall make the final determination as to the form or forms of payment.
Settlement of SARs. Upon exercise, Director shall be entitled to payment in cash of the Appreciation Value of the SARs being exercised, less any amounts withheld pursuant to Section 4.6. The Company shall not be liable to the Director for damages or interest relating to any delay in issuing payment.
Settlement of SARs. Upon exercise of all or a specified portion of the SARs, you shall be entitled to receive from the Company, cash in an amount equal to the amount determined by multiplying:
(a) 100% percent of the amount (if any) by which the Fair Market Value on the date of exercise of the SARs exceeds the Xxxxx Xxxxx, by
(b) the number of shares of Common Stock with respect to which the SARs shall have been exercised.
Settlement of SARs. Notwithstanding anything to the contrary in the Agreement, due to local regulatory requirements, upon the vesting of the SARs, the Grantee will receive a cash payment in an amount equal to the value of the shares of Common Stock underlying the vested SARs on a vesting date. As long as the Grantee resides in Australia, he or she may not receive or hold shares of Common Stock in connection with the SARs under the Plan. Accordingly, any provisions in the Agreement referring to issuance of shares of Common Stock shall not be applicable to the Grantee as long as he or she resides in Australia. Exchange Control Information. Exchange control reporting is required for cash transactions exceeding $10,000 and international fund transfers. The Australian bank assisting with the transaction will file the report. If there is no Australian bank involved in the transfer, Grantee will be required to file the report.
