Tandem Appreciation Right definition

Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.
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Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right or any similar right granted under any other plan of the Corporation.
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Tandem Appreciation Right means an Appreciation Right granted in tandem with an Option Right.
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Examples of Tandem Appreciation Right in a sentence

  • Each grant shall provide that a Tandem Appreciation Right may be exercised only (i) at a time when the related Option Right (or any similar right granted under any other plan of the Corporation) is also exercisable and the Spread is positive and (ii) by surrender of the related Option Right (or such other right) for cancellation.

  • In addition, a Tandem Appreciation Right awarded in relation to an Incentive Stock Option must be granted concurrently with such Incentive Stock Option.

  • Such an exchange will require an immediate exercise of the Tandem Appreciation Right and will cause the immediate termination of this Option.

  • The Tandem Appreciation Right will entitle the Optionee to a number of Common Shares equal in value to the excess of (A) the aggregate Market Value per Share of the Option on the date the Option is exchanged for the Tandem Appreciation Right over (B) the aggregate Option Price.


More Definitions of Tandem Appreciation Right

Tandem Appreciation Right means an Appreciation Right granted pursuant to
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Tandem Appreciation Right means a right that entitles a Participant to a number of Common Shares equal in value to the Spread.
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Tandem Appreciation Right means an Appreciation Right granted pursuant toSection 5 of the Plan that is granted in tandem with an Option
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Related to Tandem Appreciation Right

  • 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.

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

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.