Stock Appreciation definition

Stock Appreciation means the amount that results from multiplying (i) the number of Shares as to which the SAR is exercised by (ii) the amount by which the Fair Market Value of a Share on the date of exercise exceeds the Base Amount. Only whole Shares will be delivered pursuant to the exercise of the SAR.

Stock Appreciation means the change over the Plan Period in the value of a share of common stock, measured as the difference between (1) the average of the closing prices of the stock on the twenty trading days ended on the last trading day preceding the Plan Period and (2) the average of the closing prices of the stock on the twenty trading days ending on the last trading day in the Plan Period, all such closing prices as reported on the principal securities exchange on which such stock is listed or admitted to trading, or if a stock is not listed or admitted to trading on any such exchange but is traded over-the-counter and reported on the National Association of Securities Dealers, Inc. Automated Quotation System ("NASDAQ") or any similar system then in use, then as reported on that system.

Stock Appreciation means the Profit multiplied by the number of Sold Shares, (x) the term "Profit" shall mean the amount by which the Sale Price exceeds the Exercise Price (or, if the Purchaser has paid to the PharMerica Shareholders any amount pursuant to Section 3(c), the sum of the Exercise Price and the per share amount paid by the Purchaser pursuant to Section 3(c)) and (y) the term "Carrying/Tax Costs" shall mean the sum of (i) interest on the amount paid by the Purchaser pursuant to Section 2(c), from the date of the Closing to the date on which the Sold Shares are sold, at an implied interest rate equal to the weighted average interest rate paid by the Purchaser on bank borrowings during such period and (ii) all federal and state taxes payable by the Purchaser with respect to the sale of the Sold Shares (provided that the Purchaser uses commercially reasonable efforts to minimize its tax liability with respect to such sale), and (z) the term "Net Carrying/Tax Costs" shall mean the difference between the Carrying/Tax Costs and the amount of any dividends or distributions paid by the Purchaser on the Sold Shares during the period from the date of the Closing to the date they are sold.

Examples of Stock Appreciation in a sentence

• The number of Shares with respect to which the Stock Appreciation Right is exercised.

• Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

• Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion.

• At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof.

• Otherwise, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan.

• A Stock Appreciation Right granted under the Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement.

• To exercise any outstanding Stock Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right.

• To exercise any outstanding SAR, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such SAR.

• The per share exercise price for the Shares to be issued pursuant to exercise of a Stock Appreciation Right will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant.

• Stock Appreciation Rights may be granted by the Administrator independently of any Stock Option granted pursuant to Section 5 of the Plan.

More Definitions of Stock Appreciation

Stock Appreciation means the per share increase, if any, in the value of the Company's Callable Putable Common Stock over the Program Term, calculated as the excess of the Ending Stock Value over $53.53 (the average per share stock price during the 4th quarter, 1996).

Stock Appreciation means a percentage equal to the appreciation of the Stock over the Performance Period determined by using the closing stock price of the Stock on December 31, 2008 as a beginning point and the average closing stock price of the Stock for the last 30 business days of the Performance Period as an end point. The starting point for the Stock for the Performance Period is $23.57.

Stock Appreciation means the difference between the Fair Market Value of each Stock Unit and the Base Amount for each Stock Unit on the Exercise Date.

Stock Appreciation means a right granted under Section 6.

Stock Appreciation means an increase in the price or value of the Common Stock of the Corporation after the date of grant of an Award and during the Applicable Period with respect to the Corporation's Common Stock on stand alone basis, or on a basis relative to the performance of a specified peer group.

Stock Appreciation. Rights shall Vest in accordance with the vesting scheduled set forth below. Immediately after Grantee first ceases to be an Employee or Director, Stock Appreciation Rights that have not Vested on or prior to such time may no longer Vest and shall be forfeited for no consideration, except as otherwise provided in the Plan. If Grantee is an Employee or Director, Then the Option shall Vest with respect without interruption, from the Date of to the following percent of the number Award until the following anniversary of shares of Common Stock subject to date of the Date of Award the Award * ________________ * Rounded up in each case to the nearest whole number; provided, however, that in no event shall Grantee have the right to acquire hereunder, over the entire vesting period, more than the total number of shares of Common Stock subject to the Award.