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 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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Examples of SAR Unit in a sentence

  • 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.

  • 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 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.

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

  • 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.

  • A SAR Unit Response Chart providing a pictorial view of time and range capabilities, and limitations, of all primary SAR aircraft, vessels, boats, and vehicles, and all medical facilities with helicopter landing areas.

  • If needed, the SAR Incident Commander will contact the SAR Unit Logistics Officer and relay all pertinent information so that equipment, which would not normally be present, can be made available.

  • Coverholder’s consentIt is a condition precedent to the liability of the insurer that their consent to incur legal expenses or professional expenses must firstly beobtained in writing.

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


More Definitions of SAR Unit

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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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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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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Related to SAR Unit

  • 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 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 means a Common Share comprising part of each Unit;

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • 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 means a stock appreciation right granted under the Plan.

  • 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;

  • 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.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common 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.

  • 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;

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