SAR Shares definition

SAR Shares means the shares of Common Stock that may be issued in connection with the Company’s payment upon the exercise of a Stock Appreciation Right.

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SAR Shares means the Shares that are subject to the SAR.

SAR Shares means the number of shares of JJMA Common Stock with respect to which appreciation rights of the Vested SARs are determined.

Examples of SAR Shares in a sentence

• Such notice of exercise shall specify the number of SAR Shares to be exercised.

• In accordance with the terms of the Plan, the Company may limit or suspend the exercisability of the SARs or the purchase or issuance of SAR Shares thereunder under certain circumstances.

• To exercise the SARs, the person entitled to exercise the SARs must provide a signed written notice or the equivalent to the Company or its designee, as prescribed in the administrative procedures of the Plan, stating the number of SAR Shares with respect to which the SARs are being exercised.

• Upon a partial exercise of this SAR, the number of SAR Shares available for future exercise shall be reduced by the portion of the SAR so exercised.

• The Grantee shall have no voting or other rights as a stockholder of the Company with respect to any SAR Shares until the exercise of the SAR and the issuance of a certificate or certificates to him for Net SAR Shares.

• Employee shall have no rights as a shareholder with respect to any SAR Shares covered by the SARs granted hereby until the date of acquisition by Employee of such SAR Shares.

• Whenever the Net SAR Shares are to be issued pursuant to the exercise of the SAR, the Company may require the recipient of the Net SAR Shares to remit to the Company an amount sufficient to satisfy the employer’s minimum statutory U.S. federal, state and local and non-U.S. tax withholding requirements.

• The SAR Shares may not be exercised during the one-year period following the Grant Date (the “waiting period”).

• No fractional share of Common Stock shall be issued to make any payment with respect to the SAR; if any fractional share would be issuable, the number of Net SAR Shares payable to the Grantee shall be rounded down to the next whole share (no payment of cash, shares or other consideration shall be made with respect to any fractional share).

• No fractional share of Common Stock shall be issued to make any payment in respect of SAR; if any fractional share would be issuable, the number of Net SAR Shares payable to the Grantee shall be rounded down to the next whole share (no payment of cash, shares or other consideration shall be made with respect to such fractional share).

More Definitions of SAR Shares

SAR Shares means the shares of Stock issued upon exercise of the SAR.

SAR Shares has the meaning set forth in the recitals.

SAR Shares means the shares of Common Stock deliverable upon exercise of one or more SARs, as adjusted from time to time.

SAR Shares means the number of Shares upon which a SAR is based;

SAR Shares means the number of shares of Company Common Stock which would be deliverable upon exercise of In-the-Money SARs issued and outstanding immediately prior to the Effective Time.