Term of SAR Sample Clauses
The 'Term of SAR' clause defines the duration for which a Stock Appreciation Right (SAR) remains valid and exercisable. Typically, this clause specifies the start and end dates of the SAR, outlining how long the holder has to exercise their rights before expiration. For example, it may state that the SAR is valid for ten years from the grant date, after which any unexercised rights are forfeited. This clause ensures clarity for both the issuer and the recipient regarding the timeframe in which the SAR can be utilized, thereby preventing disputes over expired rights.
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Term of SAR. This SAR may be exercised only within the term set out in the Summary of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Agreement.
Term of SAR. Subject to earlier termination under Section 5 hereof or pursuant to the Plan, the term of the SAR shall be the expiration date specified on Exhibit A hereto (the “Expiration Date”).
Term of SAR. The SAR may be exercised only during the period (the “SAR Period”) set forth in paragraph (f) below and shall remain exercisable until the tenth anniversary of the Date of Grant. Thereafter, the SAR Holder shall cease to have any rights in respect thereof. The right to exercise the SAR shall be subject to sooner termination as provided in paragraph (j) below.
Term of SAR. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided that no SAR shall be exercisable on or after the tenth anniversary date of its grant. Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (a) the Tandem SAR will expire no later than the expiration of the underlying ISO; (b) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) of the excess of the Fair Market Value of the shares of Stock subject to the underlying ISO at the time the Tandem SAR is exercised over the Option Price of the underlying ISO; and (c) the Tandem SAR may be exercised only when the Fair Market Value of the shares of Stock subject to the ISO exceeds the Option Price of the ISO.
Term of SAR. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided that no SAR shall be exercisable on or after the tenth anniversary date of its grant.
Term of SAR. The SAR shall terminate and expire on the tenth anniversary of the Date of Grant, unless sooner terminated as provided herein.
Term of SAR. SARs shall be granted for a period of not more than ten years, and shall be exercisable in whole or in part, at such time or times and subject to such other terms and conditions, as shall be prescribed by the Committee at the time of grant, subject to the provisions of this Plan.
Term of SAR. The SAR shall be exercisable during its term only to the extent it has vested in accordance with Section 4 of this Agreement. The term of the SAR commences on the Grant Date and expires upon the earliest of the following:
(a) the seventh (7th) anniversary of the Grant Date;
(b) twelve (12) months after the death of the Grantee;
(c) twelve (12) months after the termination of the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director due to Disability; or
(d) thirty (30) days after the termination of the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director for any reason other than death or Disability.
Term of SAR. The SAR shall expire at 5:00 p.m. (E.D.T. or E.S.T., as applicable) on the Expiration Date.
Term of SAR. Each SAR shall expire at such time as the Committee shall determine as of the Date of Grant; provided, however, that no SAR shall be exercisable later than the tenth (10th) anniversary of the Date of Grant.