Share Appreciation Rights definition

Share Appreciation Rights means Awards under Section 8(a) to (d).

Share Appreciation Rights means is an Award entitling the Participant 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 Rights are the rights granted to the CP Optionholders in connection with the options granted under the key employee stock option plan of Canadian Pacific Limited, which options and rights were replaced by options and share appreciation rights under the KESOP;

Examples of Share Appreciation Rights in a sentence

• The provisions of Share Appreciation Rights need not be the same with respect to each Participant.

• Share Appreciation Rights granted under the Plan shall be subject to the following terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

• Share Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction with all or part of any Option granted under the Plan (“Related Rights”).

• Participants who are granted Share Appreciation Rights shall have no rights as shareholders of the Company with respect to the grant or exercise of such rights.

• The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants of Share Appreciation Rights shall be made, the number of Shares to be awarded, the price per Share, and all other conditions of Share Appreciation Rights.

More Definitions of Share Appreciation Rights

Share Appreciation Rights means a conditional right to receive Ordinary Shares in terms of the Scheme, the number of which shall be determined in accordance with the formula contemplated in clause 24.

Share Appreciation Rights means an Award granted pursuant to Article V of the Plan.

Share Appreciation Rights means share appreciation rights granted pursuant to Article IV of the Plan;

Share Appreciation Rights or “SAR” means a right granted pursuant to Article 8 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 Rights 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 set forth in the Award Agreement.

Share Appreciation Rights has the meaning set forth in Section 5.02(b)(iii).

Share Appreciation Rights means the Share Appreciation Rights issued by Savia on the Closing Date in connection with the Issuance of the Notes, as amended from time to time.