Common use of Grant of SARs Clause in Contracts

Grant of SARs. Pursuant to the Plan, the Company, on , 2007 (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of shares of Common Stock with an Initial Value of $ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)

Grant of SARs. Pursuant to the Plan, the Company, on ____________, 2007 20__ (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of ______ shares of Common Stock with an Initial Value of $ $_______ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)

Grant of SARs. Pursuant to the Plan, the Company, on ____________, 2007 ____ (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of ______ shares of Common Stock with an Initial Value of $ $_______ per share, which is not less than the Fair Market Value of a share of Common Stock on the Date of Grant. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Central Virginia Bankshares Inc)

Grant of SARs. Pursuant to the Plan, the Company, on May 24, 2007 2005 (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of shares of Common Stock with an Initial Value of $ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)

Grant of SARs. Pursuant to the Plan, the Company, on , 2007 (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of shares of Common Stock with an Initial Value of $ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)

Grant of SARs. Pursuant to the Plan, the Company, on , 2007 2008 (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of shares of Common Stock with an Initial Value of $ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)

Grant of SARs. Pursuant to the Plan, the Company, on , 2007 ___________ (“Date of Grant”) grants to the Executive, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, SARs with respect to an aggregate of _________ shares of Common Stock with an Initial Value of $ $_______ per share. These SARs will be exercisable as hereinafter provided.

Appears in 1 contract

Sources: Stock Appreciation Rights Agreement (Universal Corp /Va/)