SARs. 23.1 In this clause 23 of this Annexure “A” a reference to:
SARs. As of the Effective Time, and as determined by the LMC Board pursuant to its authority granted under the applicable stock incentive plan of LMC, the following shall occur:
SARs. The Committee is authorized to grant SARs to Eligible Persons on the following terms and conditions:
SARs. As of the Redemption Date, each outstanding stock appreciation right related to Liberty Entertainment Stock (an "Outstanding Liberty Entertainment SAR") will be split, automatically, into two stock appreciation right awards:
SARs. Each SAR represents the right to receive an amount equal to the Stock Appreciation (as defined herein), payable in cash. For purposes of this Stock Appreciation Right Agreement, the “Stock Appreciation” for each SAR is the excess, if any, of (i) the fair market value of the underlying share of Common Stock, determined on the date of exercise of the SARs, over (ii) $2.68, the “Xxxxx Xxxxx” of such SAR. Each SAR may be exercised as provided in Section 6 below. No shares of Common Stock shall be issued to the Grantee at the time the award is made. Nor shall any shares of Common Stock be issued to the Grantee at the time any SARs are exercised pursuant to the provisions of Section 6. The Grantee shall not be, nor have any of the rights or privileges of, a stockholder of the Company with respect to any SARs. The Grantee shall not have any interest in any fund or specific assets of the Company by reason of this award, and the Grantee shall be an unsecured creditor of the Company.
SARs. The number of “SARs” shall be [____]. The award of SARs does not entitle the Participant to any rights as a shareholder of the Company with respect to the SARs, including accounting of the payment of dividends on the Company’s Stock during the period prior to the exercise of the SARs. Except where the context clearly implies or indicates the contrary, a word, term, or phrase used in the Plan is similarly used in this Agreement.
SARs. The maximum number of Shares subject to Stock Appreciation Rights granted in any one Plan Year to any one Participant shall one hundred fifty thousand (150,000) plus the amount of the Participant’s unused applicable Annual Award Limit for SARs as of the close of the previous Plan Year.
SARs. On the terms and conditions stated below, the Company hereby grants to the Grantee an award of SARs covering ______ Shares, pursuant to which the Grantee shall be eligible for the payment described in Section 4(b) of this Agreement SARs for the sum of $_____ per SAR, which is agreed to be 100% of the fair market value thereof on the Date of Grant. The SAR Exercise Price for the SARs granted pursuant to this Agreement is $ ______ per SAR.
SARs. CoV-2 is a single-stranded RNA-containing strain of the SARS-CoV type of coronavirus of the Be- tacoronavirus genus, which causes COVID-19 disease.
SARs. As of the Effective Time, and as determined by the LMC Board pursuant to its authority granted under the applicable stock incentive plan of LMC, each holder of a Liberty SAR (whether unvested, partially vested or fully vested) (each such Liberty SAR, an “Outstanding Liberty SAR”), will receive a stock appreciation right with respect to shares of the corresponding series of Spinco Common Stock (a “Spinco SAR”) and an adjustment to the Outstanding Liberty SAR (as so adjusted, an “Adjusted Liberty SAR”) such that the pre-Spin-Off intrinsic value of the Outstanding Liberty SAR is allocated between the Spinco SAR and the Adjusted Liberty SAR. Except as described herein, all other terms of the Spinco SARs and the Adjusted Liberty SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding Liberty SARs; provided, that the terms and conditions of exercise of the Spinco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.
