Underwater SAR definition
Underwater SAR means a SAR for which the Fair Market Value of the Common Stock relating to such SAR is less than the grant price of that SAR.
Underwater SAR means a SAR outstanding immediately prior to the Effective Time with an Exercise Price per Share that is greater than or equal to the Cash Consideration and less than the Cash Consideration plus the Maximum Milestone Payments Amount.
Underwater SAR has the meaning set forth in Section 2.3(6).
More Definitions of Underwater SAR
Underwater SAR has the meaning set forth in the Plan of Arrangement.