Common use of Grant of SAR Clause in Contracts

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date specified above, a SAR covering the number of shares of Common Stock specified above. The SAR represents the right, upon exercise, to receive a number of shares of Common Stock with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of shares of Common Stock with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the Base Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall not have the rights of a stockholder with respect to any shares of Common Stock covered by the SAR unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement.

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date specified above, a SAR covering the number of shares of Common Stock specified above. The SAR represents the right, upon exercise, to receive a number of shares of Common Stock with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of shares of Common Stock with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the Base Exercise Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall not have the rights of a stockholder with respect to any shares of Common Stock covered by the SAR unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares unless and until the Participant has become the holder of record of such shares, except as otherwise specifically provided for in the Plan or this Agreement.

Grant of SAR. The Company hereby grants to the Participant, as of the Grant Date specified aboveDate, a SAR covering on the number of shares of Common Stock Shares specified above. The SAR represents the right, upon exercise, to receive [either cash or] a number of shares Shares, or a combination of Common Stock cash and Shares, with a Fair Market Value on the date of exercise equal equal, in each case, to the product of (i) the aggregate number of shares of Common Stock Shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock Share as of the date of exercise over (B) the Base Purchase Price specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall not have the has no rights of as a stockholder Stockholder with respect to any shares of Common Stock Shares covered by the SAR unless and until the Participant has become the holder of record of such sharesShares, and no adjustments shall will be made for dividends in cash or other property, distributions distributions, or other rights in respect of any such sharesShares, except as otherwise specifically provided for in the Plan or this Agreement.