Common use of Deemed Exercise Clause in Contracts

Deemed Exercise. The Committee may provide that a SAR shall be deemed to be exercised at the close of business on the scheduled expiration date of such SAR, if at the time the SAR by its terms remains exercisable and, if exercised, would result in a payment to the holder of such SAR.

Deemed Exercise. The Committee may provide that a SAR shall be deemed to be exercised at the close of business on the scheduled expiration date of such SAR, SAR if at the such time the SAR by its terms remains exercisable and, if so exercised, would result in a payment to the holder of such SAR.