Terms and Conditions of Stock Appreciation Rights. (a) SAR Agreement. Each SAR granted under the Plan shall be evidenced by a SAR Agreement between the Participant and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. A SAR Agreement may provide for a maximum limit on the amount of any payout notwithstanding the Fair Market Value on the date of exercise of the SAR. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Participant’s compensation.
Appears in 4 contracts
Samples: Equity Incentive Plan (Global Ship Lease, Inc.), Equity Incentive Plan (GSL Holdings, Inc.), Equity Incentive Plan (Global Ship Lease, Inc.)
Terms and Conditions of Stock Appreciation Rights. (a) SAR Agreement. Each SAR granted under the Plan shall be evidenced by a SAR Agreement between the Participant and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. A An SAR Agreement may provide for a maximum limit on the amount of any payout notwithstanding the Fair Market Value on 10 the date of exercise of the SAR. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Participant’s compensation.
Appears in 1 contract
Samples: Omnibus Stock and Option Compensation Plan (Martha Stewart Living Omnimedia Inc)
