Share Appreciation Right definition

Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

Share Appreciation Right or “SAR” means a right granted pursuant to Article 7 to receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the SAR is exercised over the Fair Market Value on the date the SAR was granted as set forth in the applicable Award Agreement.

Share Appreciation Right means a share appreciation right granted under Article 8.

Examples of Share Appreciation Right in a sentence

• Each Share Appreciation Right may, but need not, vest and therefore become exercisable in periodic installments that may, but need not, be equal.

• Each Share Appreciation Right so granted will be subject to the conditions set forth in this Section 7.1, and to all other conditions not inconsistent with this Plan as may be reflected in the applicable Award Agreement.

• Each Share Appreciation Right granted under this Plan will be evidenced by an Award Agreement.

• Notwithstanding anything to the contrary contained in this Plan, shares subject to an Award under this Plan will not again be made available for issuance or delivery under this Plan if those shares are (a) shares tendered in payment of an Option, (b) shares delivered or withheld by the Company to satisfy any tax withholding obligation, or (c) shares covered by a share-settled Share Appreciation Right or other Awards that were not issued upon the settlement of the Award.

• The Share Appreciation Right may be subject to all other terms and conditions on the time or times when it may be exercised as the Board may deem appropriate.

More Definitions of Share Appreciation Right

Share Appreciation Right or “SAR” means a right to receive the appreciation on Ordinary Shares that is granted pursuant to the terms and conditions of Section 5.

Share Appreciation Right means an Award entitling the recipient to receive Shares having a value equal to the excess of the Fair Market Value of the Shares on the date of exercise over the exercise price of the Share Appreciation Right multiplied by the number of Shares with respect to which the Share Appreciation Right shall have been exercised.

Share Appreciation Right means a share appreciation right granted under Article V.

Share Appreciation Right means a right to receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the Share Appreciation Right is exercised over the base price as set forth in the applicable Award Agreement, granted pursuant to the Plan.

Share Appreciation Right means an Award of a right to receive an amount from the Company that is granted pursuant to Section 6.

Share Appreciation Right means a Share Appreciation right granted under Section 5.

Share Appreciation Right means the right to receive, upon exercise of the right, the applicable amounts as described in Section 8 hereof.