Common use of Exercise of SAR Clause in Contracts

Exercise of SAR. The SAR is exercisable by delivery of an exercise notice, at such location and in such form as the Company shall designate, which shall state the election to exercise the SAR, the number of Shares in respect of which the SAR is being exercised, and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. This SAR shall be deemed to be exercised upon receipt by the Company of such Exercise Notice. No Shares shall be issued pursuant to the exercise of this SAR unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the exercised Shares shall be considered transferred to the Recipient on the date the SAR is exercised with respect to such exercised Shares. Prior to the exercise of this SAR and delivery of the resulting Shares, the Participant shall not have any rights of a stockholder with respect to this SAR or the Shares subject to this SAR.

Exercise of SAR. The SAR is exercisable by delivery of an exercise notice, at such location and in such form as the Company shall designate, which shall state the election to exercise the SAR, the number of Shares in respect of which the SAR is being exercised, and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. This SAR shall be deemed to be exercised upon receipt by the Company of such Exercise Notice. No Shares shall be issued pursuant to the exercise of this SAR unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the exercised Shares shall be considered transferred to the Recipient Grantee on the date the SAR is exercised with respect to such exercised Shares. Prior to the exercise of this SAR and delivery of the resulting Shares, the Participant Grantee shall not have any rights of a stockholder with respect to this SAR or the Shares subject to this SAR.

Exercise of SAR. The SAR is exercisable by delivery of an a written exercise notice, at such location and in such form as the Company shall designate, which shall state the election to exercise the SAR, the number of Shares in respect of which the SAR is being exercised, and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. This SAR shall be deemed to be exercised upon receipt by the Company of such Exercise Noticeexercise notice. No Shares shall be issued pursuant to the exercise of this SAR unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the exercised Shares shall be considered transferred to the Recipient Participant on the date the SAR is exercised with respect to such exercised Shares. Prior to the exercise of this SAR and delivery of the resulting Shares, the Participant shall not have any rights of a stockholder with respect to this SAR or the Shares subject to this SAR.

Exercise of SAR. The SAR is exercisable by delivery of an exercise notice, at such location and in such form as the Company shall designate, which shall state the election to exercise the SAR, the number of Shares shares in respect of which the SAR is being exercised, and such other representations and agreements as may be required by the Company pursuant to the provisions of the PlanCompany. This SAR shall be deemed to be exercised upon receipt by the Company of such Exercise Noticeexercise notice. No Shares shares shall be issued pursuant to the exercise of this SAR unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares shares are then listed. Assuming such compliance, for income tax purposes the exercised Shares shares shall be considered transferred to the Recipient Grantee on the date the SAR is exercised with respect to such exercised Sharesshares. Prior to the exercise of this SAR and delivery of the resulting Sharesshares, the Participant Grantee shall not have any rights of a stockholder with respect to this SAR or the Shares shares subject to this SAR.