Common use of Grant of Stock Appreciation Right Clause in Contracts

Grant of Stock Appreciation Right. The Company hereby grants to the Participant, as of the Grant Date specified above, a stock appreciation right (this “Stock Appreciation Right”) entitling the Participant to receive an amount in cash, shares of Common Stock, or both, in the discretion of the Company, equal to the excess of (i) the Fair Market Value of a share of Common Stock on the date of exercise (up to a maximum of $10.00) over (ii) the Per Share Base Price specified above with respect to the aggregate number of shares of the Common Stock specified above (the “Shares”).

Grant of Stock Appreciation Right. The Company hereby grants to the Participant, as of the Grant Date specified above, Grantee a stock appreciation right (this “hereinafter referred to as the "Stock Appreciation Right”") entitling with respect to a total of ________ shares (the Participant to receive an amount in cash, shares of Common Stock, or both, in the discretion "Shares") of the Company's common stock, equal to par value $0.01 per share (the excess of (i) the Fair Market Value of a share of "Common Stock "), on the date of exercise (up to a maximum of $10.00) over (ii) terms and conditions set forth below and in the Per Share Base Price specified above with respect to the aggregate number of shares of the Common Stock specified above (the “Shares”)Plan.