Examples of SAR Plans in a sentence
Options/SAR Grants during the most recently completed Financial Year The Company does not have, and at no time during its most recently completed financial year had, any SAR Plans in respect of which any of its Named Executive Officers were eligible to participate.
Upon a participant's receipt of its applicable portion of the SAR Amount, all of the participant's rights under the SAR Plans shall be canceled and the participant shall release the Company and Buyer of any and all rights he or she had or may have had under the SAR Plans, and the Shareholders shall obtain and deliver to the Buyer at the Closing appropriate written releases from SAR Plan participants to that effect, in form and substance reasonably acceptable to Buyer and its counsel.
A list showing each of the Company’s stock appreciation rights plans, programs and arrangements (collectively, the “SAR Plans”) and outstanding SARs granted under the SAR Plans or otherwise (the “SARs”), including the name of the SAR Plan under which such SARs were granted, the holders thereof, the dates of scheduled vesting thereof and the terms thereof that require acceleration of such vesting by virtue of the Merger is set forth on Schedule 2.8(d).
Except as set forth on Section 4.5 of the Disclosure Schedule, the Company does not have any stock appreciation rights, "phantom stock" rights, performance share plans or similar equity-based compensation plans (collectively, "SAR Plans").
The individuals who are parties to a CIC Agreement, or are or are to be participants under the SAR Plans, the Executive Management Performance Incentive Plans, or the Diamond Crystal Hourly Retirement Plan or beneficiaries of the DSLT Salaried Retirement Plan, DSLT Top Management Plan, and the DSLT retiree health care policy on the Closing Date shall be deemed to be third-party beneficiaries of this Agreement with respect to the provisions of this Section 8.01.
The Shareholders shall take all action necessary to terminate all SAR Plans, as of the day before the Closing Date, and ensure that, following the Closing Date, no participant in the SAR Plans shall have any right thereunder to any payment from the Company or to acquire equity securities of the Company.
Subsection (b) of that section provides for stock appreciation rights to become fully vested and payable and for the holders of SARs to receive a cash payment equal to the redemption price under the applicable SAR Plans.
Parent will cause DSLT and DCSFI to continue to administer and to honor all of their respective obligations under the CIC Agreements and the SAR Plans.
Prior to the Closing Date, the Shareholders shall cause the Company to pay to all of the participants in the Company's Performance Share Plan and any other SAR Plans of the Company all amounts due to such participants under such plans (including any amounts due as a result of the transactions contemplated by this Agreement) (the "SAR Amount").