Common use of Exercise of Stock Appreciation Right Clause in Contracts

Exercise of Stock Appreciation Right. The Holder may exercise all or a portion of the Stock Appreciation Right by giving written notice to the Company of exercise, specifying the number of shares of Common Stock with respect to which the Stock Appreciation Right is being exercised. Such notice is to be delivered to the Secretary of the Company and is effective as of the date of receipt by the Secretary of the Company.

Appears in 1 contract

Sources: Stock Appreciation Right Agreement (Air T Inc)

Exercise of Stock Appreciation Right. The Holder may exercise all or a portion of the A Stock Appreciation Right which is vested and exercisable may be exercised by giving delivery to the Corporation on any business day, at its principal office addressed to the attention of the Corporate Secretary, a written notice to the Company of exercise, specifying . Such notice shall specify the number of shares of Common Stock with respect to Units for which the Stock Appreciation Right is being exercised and note which Stock Appreciation Rights are being exercised. Such notice is to be delivered to the Secretary of the Company and is effective as of the date of receipt by the Secretary of the Company.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Usf&g Corp)