Common use of Grant of SARs Clause in Contracts

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee the right to receive Common Stock of the Company equal in value (at the per share closing price of the Company’s Common Stock on the date of exercise) to the difference between the per share closing price of the Company’s Common Stock on the Grant Date, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Twenty Seven Dollars and Eighty Six Cents (at $27.86) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Eight Dollars and Ninety Four Cents (at $8.94) per SAR, which is the per share closing price fair market value of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs' base value of Thirty-Two Dollars and Eight-One Cents (at $32.81) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs' base value of Thirty-Five Dollars and Seventy Cents (at $35.70) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs' base value of Thirty-Three Dollars and eighty Cents (at $33.80) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Eleven Dollars and Sixty-Eight Cents (at $11.68) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Fourteen Dollars and Twenty-One Cents (at $14.21) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Twelve Dollars and Seven Cents (at $12.07) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, on February 28, 2018 the Company hereby grants shall grant to Employee ▇▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value (at to the per difference between the SARs' base value, which shall be the fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs' base value of Thirty-One Dollars and Forty Cents (at $31.40) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Five Dollars and Seventy Five Cents (at $5.75) per SAR, which is the per share closing price fair market value of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.

Grant of SARs. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Employee ▇▇▇▇▇▇ the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs' base value of Thirty-Two Dollars and Eight-One Cents (at $32.81) per SAR, which is the per fair market value of one share closing price of the Company’s Common Stock on the date of exercise) to grant under the difference between the per share closing price of the Company’s Common Stock on the Grant DatePlan, and the per share closing price of the Company’s Common Stock on the date of exercise.