Common use of Exercise of the AWARD Clause in Contracts

Exercise of the AWARD. Except as provided under Sections 3 and 5 of this AGREEMENT, no portion of the AWARD may be exercised until the first anniversary of the GRANT DATE, provided that the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date. Thereafter, except as otherwise provided in this AGREEMENT, the AWARD may be exercised as follows:

Appears in 3 contracts

Samples: Stock Appreciation Right Agreement (Abercrombie & Fitch Co /De/), Stock Appreciation Right Agreement (Abercrombie & Fitch Co /De/), Stock Appreciation Right Agreement (Abercrombie & Fitch Co /De/)

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Exercise of the AWARD. Except as provided under Sections 3 and 5 of this AGREEMENT, no portion of the AWARD may be exercised until the first anniversary of the GRANT date which is approved by the Compensation Committee of the Board of Directors then recorded and communicated through the System of Record (hereinafter referred to as the “VESTING DATE”), provided that the PARTICIPANT is employed by the COMPANY or a subsidiary of the COMPANY on such date. Thereafter, except as otherwise provided in this AGREEMENT, the AWARD may be exercised as follows:

Appears in 2 contracts

Samples: Stock Appreciation Right Agreement (Abercrombie & Fitch Co /De/), Stock Appreciation Right Agreement (Abercrombie & Fitch Co /De/)

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Exercise of the AWARD. Except as provided under Sections 3 and 5 4 of this AGREEMENT, no portion of the AWARD may be exercised until the first anniversary of the GRANT date which is approved by the COMMITTEE and then recorded and communicated through the System of Record (hereinafter referred to as the “VESTING DATE”), provided that the PARTICIPANT is employed by the COMPANY or a subsidiary or affiliate of the COMPANY on such date. Thereafter, except as otherwise provided in this AGREEMENT, the AWARD may be exercised as follows:

Appears in 2 contracts

Samples: Stock Appreciation Right Award Agreement (Abercrombie & Fitch Co /De/), Stock Appreciation Right Award Agreement (Abercrombie & Fitch Co /De/)

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