Common use of Term of SARs and Limitations on Right to Exercise Clause in Contracts

Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period of [five] years, expiring on the [fifth] anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the SARs will lapse three months after the termination of the Grantee’s employment with the Company for any reason. The Committee may, subject to Section 9(c) below, prior to the lapse of the SARs under the circumstances described in this Section, extend the time to exercise the SARs. If the Grantee or his or her beneficiary exercises a SAR after termination of employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination.

Appears in 2 contracts

Samples: Stock Appreciation Rights Award Agreement (Powerwave Technologies Inc), Stock Appreciation Rights Award Agreement (Powerwave Technologies Inc)

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Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period of [five] years, expiring on the [fifth] anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the SARs will lapse three months after the termination of the Grantee’s 's employment with the Company for any reason. The Committee may, subject to Section 9(c) below, prior to the lapse of the SARs under the circumstances described in this Section, extend the time to exercise the SARs. If the Grantee or his or her beneficiary exercises a SAR after termination of employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination.

Appears in 1 contract

Samples: Stock Appreciation Rights Award Agreement (Cke Restaurants Inc)

Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period of [five] fifteen (15) years, expiring on the [fifth] fifteenth (15th) anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the SARs will lapse three months after the termination of the Grantee’s employment with the Company for any reason. The Committee may, subject to Section 9(c10(b) below, prior to the lapse of the SARs under the circumstances described in this Section, extend the time to exercise the SARs. If the Grantee or his or her beneficiary exercises a SAR after termination of employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination.

Appears in 1 contract

Samples: Stock Appreciation Rights Award Agreement (Deckers Outdoor Corp)

Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period of [five] ten (10) years, expiring on the [fifth] tenth (10th) anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the SARs will lapse three months after the termination of the Grantee’s employment with the Company for any reason. The Committee may, subject to Section 9(c10(c) below, prior to the lapse of the SARs under the circumstances described in this Section, extend the time to exercise the SARs. If the Grantee or his or her beneficiary exercises a SAR after termination of employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination.

Appears in 1 contract

Samples: Stock Appreciation Rights Award Agreement (Deckers Outdoor Corp)

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Term of SARs and Limitations on Right to Exercise. The term of the SARs is a period of [five] ten (10) years, expiring on the [fifth] tenth (10th) anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the SARs will lapse three months after the termination of the GranteeHolder’s employment with the Company for any reason. The Committee may, subject to Section 9(c) below, prior to the lapse of the SARs under the circumstances described in this Section, extend the time to exercise the SARs. If the Grantee Holder or his or her beneficiary exercises a SAR after termination of employment, the SARs may be exercised only with respect to the shares that were otherwise vested as of such termination.

Appears in 1 contract

Samples: Appreciation Rights Award Agreement (TherOx, Inc.)

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