SAR Spread definition

SAR Spread means, with respect to any SAR, an amount equal to (a) the Fair Market Value of a share of Stock on the date such SAR is exercised, less (b) the SAR Price of such SAR.
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SAR Spread means the cash or shares of Common Stock payable to an Eligible Executive or Beneficiary upon exercise of stock appreciation rights in accordance with the terms of the applicable stock appreciation rights agreement, disregarding any withholding taxes due with respect to said exercise.
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SAR Spread means the excess of the Fair Market Value of a Share on the Exercise Date of the SAR over the Base Price.
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Examples of SAR Spread in a sentence

  • The SAR Spread is the product of (i) the excess of the Fair Market Value of a Share on the date of exercise over the Grant Value, multiplied by (ii) the number of SARs exercised.

  • Within a reasonable period following the exercise of a Vested SAR, the Holder will receive Shares having a Fair Market Value, as determined on the date of exercise of the Vested SAR, equal to the SAR Spread described in Section 3(a) above.

  • Upon the Holder’s exercise of the a Vested SAR, the Holder shall be entitled to receive the SAR Spread, determined as of the date of exercise of the SAR Agreement, with respect to each SAR exercised on such date.

  • The Limited SAR is the right to receive an amount (the "Limited SAR Spread") equal to the product computed by multiplying (i) the Price upon a Change of Control specified in Section I above by (ii) the number of Shares with respect to which such Limited SAR is being exercised.

  • Within a reasonable period following the exercise of a Vested SAR, the Holder will receive Shares having a Fair Market Value, as determined on the date of exercise of the Vested SAR, equal to the SAR Spread described in Section 4(a) above.

  • Following transfer, the SARs and any right to the SAR Spread shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer and, except as otherwise provided in this Agreement, references to the Executive shall be deemed to refer to the transferee.

  • A SAR or right to SAR Spread transferred pursuant to this section shall remain subject to the provisions of the Plan and shall be subject to such other rules as the Committee shall determine.

  • If the Company SAR Spread is not greater than zero, at the Effective Time such Company SAR will automatically be cancelled for no consideration.

  • As promptly as practicable after any such exercise, RSI will deliver to the Grantee an amount in cash equal to the Limited SAR Spread.

  • Upon the Holder's exercise of the a Vested SAR, the Holder shall be entitled to receive the SAR Spread, determined as of the date of exercise of the SAR Agreement, with respect to each SAR exercised on such date.


More Definitions of SAR Spread

SAR Spread means the amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date a SAR or portion thereof is exercised, of the Shares subject to such SAR or such portion thereof, over (ii) the aggregate Exercise Price of such SAR or such portion thereof.
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SAR Spread means with respect to each SAR an amount equal to the product of (1) the excess of (A) the Fair Market Value per share on the date of exercise over (B) (x) if the SAR is granted in conjunction with an option, then the exercise price per share of the related option, or (y) if the SAR is granted by itself with respect to a designated number of shares of Common Stock, then the Fair Market Value per share of the designated shares of Common Stock on the Date of Grant, in each case multiplied by (2) the number of shares of Common Stock with respect to which such SAR is being exercised; provided, however, that with respect to any SAR granted in conjunction with an incentive stock option, in no event shall the SAR Spread exceed the amount permitted to be treated as the SAR Spread under applicable Treasury Regulations or other legal authority without disqualifying the option as an incentive stock option.
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SAR Spread means with respect to each SAR, an amount as defined in Section 9 hereof.
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Related to SAR Spread

  • ABR Spread or "Commitment Fee", as the case may be, and (b) with respect to any Eurodollar Loan or ABR Loan that is part of a Tranche B Term Borrowing, the applicable rate per annum set forth in the second chart below under the caption "LIBOR Spread" or "ABR Spread", as the case may be, in each case based upon the Consolidated Leverage Ratio as of the fiscal quarter end immediately preceding the most recent Determination Date; provided that (i) the Applicable Rate shall (subject to clause (ii)) be determined by reference to Category 2 until the first Determination Date that is at least six months after the Closing Date, and (ii) the Applicable Rate shall be determined by reference to Category 1 at any time when the Borrower has failed to deliver any financial statement or certificate required to have been delivered under Section 5.03(a), (b) or (c). ----------------------------------------------------------------------------------------------------------- Revolving Credit Borrowings, Swingline Loans, --------------------------------------------- Tranche A Term Borrowings and Commitment Fees --------------------------------------------- ----------------------------------------------------------------------------------------------------------- Consolidated Leverage Ratio LIBOR Spread ABR Spread Commitment Fee --------------------------- ------------ ---------- -------------- ----------------------------------------------------------------------------------------------------------- Category 1 Greater than 3.0 to 1.0 2.75% 1.75% 0.500% ----------------------------------------------------------------------------------------------------------- Category 2 Greater than 2.5 to 1.0 but less than or equal to 3.0 to 1.0 2.50% 1.50% 0.375% ----------------------------------------------------------------------------------------------------------- Category 3 Greater than 2.0 to 1.0 but less than or equal to 2.5 to 1.0 2.25% 1.25% 0.300% ----------------------------------------------------------------------------------------------------------- Category 4 Less than or equal to 2.0 to 1.0 2.00% 1.00% 0.250% ----------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Tranche B Term Borrowings ------------------------- ---------------------------------------------------------------------------------------- Consolidated ------------ Leverage Ratio LIBOR Spread ABR Spread -------------- ------------ ---------- ---------------------------------------------------------------------------------------- Category 1 Greater than 2.5 to 1.0 3.25% 2.25% ---------------------------------------------------------------------------------------- Category 2 Less than or equal to 2.5 to 1.0 3.00% 2.00% ----------------------------------------------------------------------------------------

  • LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”