Stock Appreciation Right. A Director Award may be in the form of a Stock Appreciation Right. The Xxxxx Xxxxx for a Stock Appreciation Right shall not be less than the Fair Market Value of the Common Stock on the Grant Date. The term of a Stock Appreciation Right shall not exceed ten years from the Grant Date.
Appears in 5 contracts
Samples: Retention Agreement (MPLX Lp), Retention Agreement (Marathon Petroleum Corp), Retention Agreement (MPLX Lp)
