SAR Unit definition

SAR Unit means a bookkeeping entry maintained by the Company on the Company’s books and records for each share of Common Stock with respect to which a Participant has a SAR.
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SAR Unit means a basic unit of measurement of a conditional right that a Participant has in the appreciation in value of a hypothetical share of Common Stock as provided in this Plan and in the Participant’s Award Agreement.
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SAR Unit means a right to receive, subject to and in accordance with the terms of the Plan and the Grant Agreement that awarded the SAR Unit, appreciation in the value of one share of Class B Common.
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Examples of SAR Unit in a sentence

  • A SAR Unit may be exercised, in whole or in part, by giving written notice to the Secretary of the Company stating the number of SAR Units being exercised.

  • SARs granted under the Plan shall be designated in “SAR Units.” Each SAR Unit shall confer upon the Participant the right to receive, upon exercise thereof, the excess of (i) the fair market value of one Share at the time of exercise, as determined under §10 of the Plan, over (ii) the grant price of the SAR Unit.

  • The grant price of an SAR Unit shall be determined by the Committee at the time of grant of the SAR Unit, which grant price shall be the fair market value of one Share at the time the SAR Unit is granted, as determined under §10 of the Plan.

  • An accreditation under the State Rescue Policy, administered by the NSW Rescue and Emergency Services Board, provides the necessary authority to the Aerial Patrol to assist and support all land and marine based emergency services when appropriate.In 1993, the Australian Aerial Patrol was recognised by the then Civil Aviation Authority as strategically well positioned, geographically, for Search and Rescue (SAR) and appointed the organisation as an Accredited SAR Unit.

  • A SAR Unit shall not confer upon the Participant or the Participant’s transferee any rights of a stockholder of the Company.

  • The grant price of an SAR Unit granted under the Plan shall not be changed or modified after the time such SAR Unit is granted unless such change or modification is made with the prior approval of the holders of a majority of the shares of Class B Common Stock of the Company.

  • Notwithstanding the foregoing, in no event will the grant price of an SAR Unit as changed or modified be less than the fair market value of one Share at the time the SAR Unit is granted, as determined under §10 of the Plan.

  • Subject to §8(f) of the Plan, each SAR Unit shall be exercisable for ten years from the date of grant.

  • Vicwest’s liability and the Original Property Owner’s exclusive remedy is limited to the repair, replacement, or refinishing of the defect Product or the refund of the original Product purchase cost, at Vicwest’s discretion.

  • However, no fraction of a vested Option / SAR Unit shall be exercisable.The Grantee shall make and application along with aggregate exercise price to the Indiamart Employees Stock Benefit Trust for the purpose of exercising the Options and/or SAR Units.


More Definitions of SAR Unit

SAR Unit means a bookkeeping entry, credited to a SAR Unit Account established by the Company on behalf of Grantee. Each SAR Unit is equivalent to the appreciation in value of one share of Common Stock, without transferring to Grantee any of the attributes of ownership of a share of the Company’s Common Stock. The “SAR Unit Account” shall be the record of SAR Units granted to Grantee hereunder. The SAR Unit Account is solely for accounting purposes and shall not require a segregation of any Company assets.
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SAR Unit means “a mobile resource composed of trained personnel and provided with equipment suitable for the conduct of search and rescue operations.” Providers of SAR Units are commonly different entities to providers of SAR coordination services. Recognizing that provisions relating to airborne carriage of equipment by SAR Units may not be of immediate relevance to a provider responsible for SAR coordination, (to which the greater number of this Subset of SAR regulations apply), and that they are, nonetheless, critically important for safe, timely and effective SAR operations, this sub-set of regulations is presented as a separate appendix to CAR Part VIII, Subpart 8.
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SAR Unit means a notional unit credited to a Participant under the SAR Plan by means of a book-keeping entry by the Corporation;
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Related to SAR Unit

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Unit Appreciation Right or “UAR” means a contingent right that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • SAR means a stock appreciation right granted under the Plan.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

  • Common Share means one share of the common stock of the Company.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • 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.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Other Unit-Based Award means an award granted pursuant to Section 6(f) of the Plan.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • NAV per Unit means the NAV of the Company divided by the number of Units then outstanding.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.