Common use of Cumulative Exercisability Clause in Contracts

Cumulative Exercisability. To the extent that the SARs are vested and exercisable, the Participant has the right to exercise the SARs (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the SARs. • No Fractional SARs. Fractional SARs shall be disregarded, but may be cumulated. • Minimum Exercise. No fewer than 100 SARs (subject to adjustment under Section 7.1 of the Plan) may be exercised at any one time, unless the number exercised is the total number at the time exercisable under the Award.

Cumulative Exercisability. To the extent that the SARs are vested and exercisable, the Participant Grantee has the right to exercise the SARs (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the SARs. • No Fractional SARs. Fractional SARs shall be disregarded, but may be cumulated. • Minimum Exercise. No fewer than 100 SARs (subject to adjustment under Section 7.1 of the Plan) may be exercised at any one time, unless the number exercised is the total number at the time exercisable under the Award.

Cumulative Exercisability. To the extent that the SARs are vested and exercisable, the Participant Grantee has the right to exercise the SARs (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the SARs. • No Fractional SARs. Fractional SARs shall be disregarded, but may be cumulated. • Minimum Exercise. No fewer than 100 SARs (subject to adjustment under Section 7.1 10.1 of the Plan) may be exercised at any one time, unless the number exercised is the total number at the time exercisable under the Award.