Cumulative Exercisability. To the extent the Grantee does not at the time of a particular exercise receive all the shares that the Grantee may then receive upon exercise, the Grantee has the right cumulatively thereafter to receive any of such shares not so received until the Stock Appreciation Right terminates or expires.
Appears in 3 contracts
Sources: Employee Stock Appreciation Right Agreement (Macerich Co), Employee Stock Appreciation Right Agreement (Macerich Co), Employee Stock Appreciation Right Agreement (Macerich Co)