Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding stock appreciation rights (including stock appreciation rights granted by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price. Notwithstanding the preceding sentence or anything to the contrary, no modification of a SAR shall, without the consent of the Participant, impair his or her rights or obligations under such SAR and, unless there is approval by the Company stockholders, the Committee may not Re-Price outstanding SARs.
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Samples: Stock Unit Agreement (GSL Holdings, Inc.), Martha Stewart Living (Martha Stewart Living Omnimedia Inc), Stock Option Agreement (Foundry Networks Inc)
Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding SARs stock appreciation rights or may accept the cancellation of outstanding stock appreciation rights (including stock appreciation rights whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price. Notwithstanding the preceding sentence or anything to the contraryThe foregoing notwithstanding, no modification of a SAR shall, without the consent of the ParticipantOptionee, alter or impair his or her rights or obligations under such SAR and, unless there is approval by the Company stockholders, the Committee may not Re-Price outstanding SARsSAR. SECTION 10.
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Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding SARs stock appreciation rights or may accept the cancellation of outstanding stock appreciation rights (including stock appreciation rights whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price. Notwithstanding the preceding sentence or anything to the contraryThe foregoing notwithstanding, no modification of a SAR shall, without the consent of the ParticipantOptionee, alter or impair his or her rights or obligations under such SAR and, unless there is approval by the Company stockholders, the Committee may not Re-Price outstanding SARsSAR.
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