Vested SAR definition

Vested SAR means each SAR (or portion of a SAR) that, as of immediately prior to the Closing, is vested in accordance with its terms.
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Vested SAR means a SAR (unvested as per the notified Scheme), which has vested, in pursuance to Clause 10 below of the Plan and relevant Notified Scheme(s) under the Plan, with the Participant/Beneficiary and entitles him to receive SARs Value;
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Examples of Vested SAR in a sentence

  • Within a reasonable period following the exercise of a Vested SAR, the Holder will receive Shares having a Fair Market Value, as determined on the date of exercise of the Vested SAR, equal to the SAR Spread described in Section 3(a) above.

  • Upon the Holder’s exercise of the a Vested SAR, the Holder shall be entitled to receive the SAR Spread, determined as of the date of exercise of the SAR Agreement, with respect to each SAR exercised on such date.

  • Within a reasonable period following the exercise of a Vested SAR, the Holder will receive Shares having a Fair Market Value, as determined on the date of exercise of the Vested SAR, equal to the SAR Spread described in Section 4(a) above.

  • If, following the Vesting of a SAR, the Share Price Appreciation is equal to zero or less than zero, then, subject to the condition that the Participant is employed with the Company on the Vesting Date, the Participant shall be entitled to receive, separate from the right to receive Entitlement Shares (if any) in respect of his Vested SARs, an Additional Cash Bonus in the amount of R18 per Vested SAR in respect of services rendered.

  • Upon the Holder's exercise of the a Vested SAR, the Holder shall be entitled to receive the SAR Spread, determined as of the date of exercise of the SAR Agreement, with respect to each SAR exercised on such date.

  • Within a reasonable period following the exercise of a Vested SAR, the Employee will receive shares of Company Common Stock having a Fair Market Value, as determined on the date of exercise of the Vested SAR, equal to the SAR Spread described in Section 3(a) above, provided, however that no fractional shares of Common Stock be issued upon exercise of an SAR and any fractional share interest shall be settled in cash.

  • On the exercise of each Vested SAR, the Corporation shall deliver to Participant an amount of cash in United States Dollars equal to the Spread for each Vested SAR exercised.

  • St. ▇▇▇▇ represents to Employee that the grant of the 1998 SAR and the Vested SAR to Executive have been approved, or will have been approved prior to September 4, 1998, by the Compensation Committee of The St. ▇▇▇▇ Companies, Inc.

  • Upon vesting of each unvested Stock Appreciation Right pursuant to Section 2 hereof, each Vested SAR shall be deemed exercised as of the Vesting Date.

  • Upon the Holder’s exercise of a Vested SAR, the Holder shall be entitled to receive the SAR Spread, determined as of the date of exercise of the SAR Agreement, with respect to each SAR exercised on such date.

Related to Vested SAR

  • Limited SAR means a right granted to a Participant under Section 6(c) hereof.

  • Affiliated SAR means an SAR that is granted in connection with a related Option, and which automatically will be deemed to be exercised at the same time that the related Option is exercised.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).

  • Nonqualified Option means any Option that is not an Incentive Stock Option.