Free-Standing SAR definition

Free-Standing SAR means an SAR which is not granted in tandem with, or by reference to, an option, which entitles the holder thereof to receive, upon exercise, shares of Common Stock (which may be Restricted Stock) or, to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number of such SARs which are exercised.
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Free-Standing SAR means a SAR that is not issued in tandem with, or by reference to, an option and that entitles the holder thereof to receive, upon exercise, shares of Common Stock (that may be Restricted Stock), cash or a combination thereof with an aggregate value equal to the excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number of such SARs that are exercised.
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Free-Standing SAR means a Stock Appreciation Right granted pursuant to Section 7 that is not granted in tandem with a Stock Option.
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Examples of Free-Standing SAR in a sentence

  • The Agreement relating to an SAR shall specify whether the SAR is a Tandem SAR or a Free-Standing SAR.

  • A Free-Standing SAR may be exercised (A) by giving written notice to the Company specifying the whole number of SARs which are being exercised and (B) by executing such documents as the Company may reasonably request.

  • The base price of a Free-Standing SAR shall be determined by the Committee; provided, however, that such base price shall not be less than 100% of the Fair Market Value of a share of Common Stock on the date of grant of such SAR.

  • If the Committee provides that any Option or Free-Standing SAR will become exercisable only in installments, the Committee may at any time waive such installment exercise provisions, in whole or in part, based on such factors as the Committee may determine.

  • In addition, the Committee may at any time accelerate the exercisability of any Option or Free-Standing SAR.


More Definitions of Free-Standing SAR

Free-Standing SAR means an SAR granted pursuant to the provisions of Section 8(d) of the Plan.
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Free-Standing SAR means a SAR that is granted independent of an Option, as described in Section 9 hereof.
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Free-Standing SAR means a Stock Appreciation Right granted under Section 10.1 and that is not a Tandem SAR;
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Free-Standing SAR means an SAR which is not issued in tandem with, or by reference to, an option, which entitles the holder thereof to receive, upon exercise, shares of Common Stock (which may be Restricted Stock), cash or a combination thereof with an aggregate value equal to the excess of the Fair
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Free-Standing SAR means an SAR that is not granted in tandem with, or by reference to, an option, which entitles the holder of such SAR to receive, upon exercise, Ordinary Shares (which may be Restricted Shares), or to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the excess of the Fair Market Value of one Ordinary Share on the date of exercise over the base price of such SAR, multiplied by the number of such SARs that are exercised.
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Free-Standing SAR. The SAR shall be exercisable as to the specified number of shares on and after the "First" dates and on or before the "Last" dates set forth below: Exercise Dates -------------- Type of SAR Number of Shares First Last ----------- ---------------- ----- ---- --------------- ---------------- --------- ---------- --------------- ---------------- --------- ---------- --------------- ---------------- --------- ---------- --------------- ---------------- --------- ---------- --------------- ---------------- --------- ---------- If Participant is granted a Related SAR, the Stock Option with which it was granted is specified below. Grant date of Stock Option: _____________ Shares Underlying Stock Option: _____________ Price per share of Stock Option: $____________ Participant acknowledges that he/she understands he/she has no right whatsoever to exercise the SAR(s) granted hereunder with respect to any Shares covered by any installment until such installment accrues as provided above.
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Free-Standing SAR means a SAR granted pursuant to the provisions of Article 4(d) of the Plan.
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