SAR Plan definition
Examples of SAR Plan in a sentence
Vested awards shall be paid at the time specified under, and subject to the terms of, the SAR Plan as modified by the previous sentence; provided, that notwithstanding the foregoing, a SAR Participant’s award shall be forfeited only in the event that such SAR Participant is terminated by the Company for Cause (as defined in the SAR Plan).
All Options and SARs which are vested as of the effective date of the Change in Control may be exercised for the lesser of their term (as defined in the Option Plan or SAR Plan, or corresponding Grant Agreement(s), as applicable) or 24 months following the Date of Termination.
All such Stock Options shall be issued pursuant to, and in accordance with, the Company's 1994 Stock Option Plan, as amended (the "Stock Option Plan"), and all SARs shall be awarded pursuant to, and in accordance with, the Company's Stock Appreciation Rights Award Plan (the "SAR Plan") .
During the Term, Employee shall be entitled to receive the following fringe benefits: (i) four weeks paid vacation, (ii) participation in a Share Appreciation Rights ("SAR") Plan in the form attached as Exhibit A, and (iii) any other fringe benefits, on terms that are or may become available generally to senior executives of Employer or to any executive of Employer more senior to Employee, whichever is more favorable to Employee.
All such Stock Options shall be issued pursuant to, and in accordance with, the Company's 1994 Stock Option Plan, as amended (the "Stock Option Plan"), and all SARs shall be awarded pursuant to, and in accordance with, the Company's Stock Appreciation Rights Award Plan (the "SAR Plan").