Common use of Term of SAR Clause in Contracts

Term of SAR. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided that no SAR shall be exercisable on or after the tenth anniversary date of its grant. Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (a) the Tandem SAR will expire no later than the expiration of the underlying ISO; (b) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) of the excess of the Fair Market Value of the shares of Stock subject to the underlying ISO at the time the Tandem SAR is exercised over the Option Price of the underlying ISO; and (c) the Tandem SAR may be exercised only when the Fair Market Value of the shares of Stock subject to the ISO exceeds the Option Price of the ISO.

Term of SAR. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; , provided that no SAR shall be exercisable on or after the tenth (10th) anniversary date of its grant. Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: ; (a) the Tandem SAR will expire no later than the expiration of the underlying ISO; (b) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) % of the excess of the Fair Market Value of the shares Shares of Stock stock subject to the underlying ISO at the time the Tandem SAR is exercised over the Option Exercise Price of the underlying ISO; and (c) the Tandem SAR may be exercised only when the Fair Market Value of the shares Shares of Stock stock subject to the ISO exceeds the Option Exercise Price of the ISO.