Common use of Term of SARs Clause in Contracts

Term of SARs. The term of the SARs shall be for a period commencing on the Grant Date and ending on the tenth (10th) anniversary of the Grant Date (the “Expiration Date”), subject to earlier termination as provided in Section 5. The SARs may be exercised within the foregoing limitations at any time or from time to time after the vesting dates specified in Section 3, above, as to any or all of the Shares with respect to which vesting has occurred.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Wci Communities Inc), Stock Appreciation Rights Agreement (Wci Communities Inc)

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Term of SARs. The term SARs may, subject to the vesting and termination provisions of Sections 4 and 5 below, be exercised only during the SARs shall be for a period commencing on the Date of Grant Date and ending continuing until the close of business on the tenth (10th) anniversary of the Date of Grant Date (the “Expiration Date”"SAR Term"), subject to earlier termination as provided in Section 5. The SARs may be exercised within At the foregoing limitations at any time or from time to time after the vesting dates specified in Section 3, above, as to any or all end of the Shares with respect SAR Term, the SARs shall terminate, unless sooner terminated pursuant to which vesting has occurredSection 5 below.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Innerworkings Inc)

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Term of SARs. The term SARs may be exercised, subject to the recoupment, vesting, forfeiture, and Termination of Service provisions of Sections 1, 4, 5, and 6, only during the SARs shall be for a period commencing on the Date of Grant Date and ending continuing until the close of business on the tenth (10th) anniversary of the Date of Grant Date (the “Expiration DateSAR Period”). At the end of the SAR Period, subject to earlier termination the SARs shall terminate, unless sooner terminated or forfeited, as provided in Section 5. The SARs may be exercised within the foregoing limitations at any time or from time to time after the vesting dates specified in Section 3, above, as to any or all of the Shares with respect to which vesting has occurredherein.

Appears in 1 contract

Samples: Share Appreciation Rights Award Agreement (FreightCar America, Inc.)

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