Grant Price definition

Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

Grant Price means the price at which a Participant may exercise his or her right to receive cash or Common Stock, as applicable, under the terms of an Award.

Grant Price means the price against which the amount payable is determined upon exercise of a SAR.

Examples of Grant Price in a sentence

• Each SAR Award shall be evidenced by an Award Agreement that shall specify the Grant Price, the term of the SAR, and such other provisions as the Committee shall determine.

• The Grant Price of Tandem SARs shall be equal to the Option Price of the related Option.

• Each SAR grant shall be evidenced by an Award Agreement that shall specify the number of Shares to which the SAR pertains, the Grant Price, the term of the SAR, and such other terms and conditions as the Committee shall determine in accordance with the Plan.

• On the Grant Date, the Grant Price of an SAR shall be not less than the Fair Market Value of the Common Stock subject to such SAR.

• The Grant Price of an Option shall be not less than the Fair Market Value of the Common Stock subject to such Option on the Grant Date.

More Definitions of Grant Price

Grant Price means the price established at the time of grant of an SAR pursuant to Article 7.

Grant Price means the Fair Market Value of a Share on the Grant Date for such option.

Grant Price means the per share exercise price of a Stock Appreciation Right granted to a Participant under Section 7.

Grant Price means the Fair Market Value for one share of Stock as of the date of the grant of an Award. Grant price is not adjusted for any restrictions applicable to the Award.

Grant Price means the per Share price established at the time of grant of a SAR pursuant to Article 7.

Grant Price means the price per share of Common Stock at which an Appreciation Right not granted in tandem with an Option Right is granted.

Grant Price means the price established as of the Grant Date of an SAR pursuant to Section 7 used to determine whether there is any payment due upon exercise of the SAR.