Tandem Nature of Award. Upon the exercise of the SAR, the Option shall be canceled (i.e., surrendered to the Company) to the extent of the number of Shares as to which the SAR is exercised. Upon the exercise of the Option, the SAR shall be canceled (i.e., surrendered to the Company) to the extent of the number of Shares as to which the Option is exercised or surrendered.
Appears in 4 contracts
Samples: Nonqualified Stock Option Award Agreement (Tim Hortons Inc.), Nonqualified Stock Option Award Agreement (Tim Hortons Inc.), Nonqualified Stock Option Award Agreement (Tim Hortons Inc.)
Tandem Nature of Award. Upon the exercise of the SAR, the Option shall be canceled (i.e., surrendered to the Company) to the extent of the number of Shares as to which the SAR is exercised. Upon the exercise of the Option, the SAR shall be canceled (i.e., surrendered to the Company) to the extent of the number of Shares as to which the Option is exercised or surrendered.
Appears in 2 contracts
Samples: Nonqualified Stock Option Award Agreement (Tim Hortons Inc.), Nonqualified Stock Option Award Agreement (Tim Hortons Inc.)
