Settlement of SAR. Upon exercise of all or a specified portion of the SAR, the Grantee shall be entitled to receive from the Company shares of Common Stock with an aggregate Fair Market Value on the date of exercise of the SAR equal to the amount determined by multiplying:
Settlement of SAR. Upon exercise of the SAR, in whole or in part, the Company shall:
Settlement of SAR. Upon exercise of the SAR for all or a portion of the SAR Shares after the SAR has become exercisable, Corporation will calculate the SAR Spread, the Tax Offset Amount, and the Net SAR Value and will convert the Net SAR Value into a whole number of SAR Settlement Shares based on the Fair Market Value of a Share on the Exercise Date, with any remaining portion of the Net SAR Value (representing the value of a fractional Share) credited as additional federal income tax withholding for the Participant’s benefit. Within 10 days following the Exercise Date, Corporation will cause a stock certificate for the SAR Settlement Shares to be delivered to Participant.
Settlement of SAR. Settlement of the SAR Payment Amount shall be made by delivering a cash payment to the Participant equal to the SAR Payment Amount. Such payment shall be made within 30 days following an SAR Exercise Election, and shall be subject to any applicable tax withholding obligations. The Corporation may direct that any of its Subsidiaries (a “Designated Subsidiary”) deliver the SAR Payment Amount, subject to any applicable tax withholding obligations, to the Participant and, in such case, such payment shall be treated as having been made directly by such Designated Subsidiary to the Participant. If this SAR Award remains outstanding on the Expiration Date and any portion of this SAR Award has vested but not been exercised on the Expiration Date, the entire remaining vested but unexercised portion of this SAR Award shall be deemed to have been exercised as of the Expiration Date and such automatic exercise shall be treated as an SAR Exercise Election.
Settlement of SAR. Upon exercise of all or a specified portion of the SAR, the Recipient shall be entitled to receive from the Company shares of Common Stock with an aggregate Fair Market Value on the date of exercise of the SAR equal to the amount determined by multiplying:
Settlement of SAR. The following provision supplements Section 2.3 of the Award Agreement: The SAR Amount due to Participant upon exercise of the SAR shall be paid by the Employer through local payroll.
Settlement of SAR. Upon exercise of all or a specified portion of the SAR, Participant (or such other person entitled to exercise the SAR pursuant to this Agreement and the Plan) shall be entitled to receive from the Company cash in the amount (the “SAR Amount”) determined by multiplying (a) the amount (if any) by which the Fair Market Value per Share on the date of exercise of the SAR exceeds the exercise price per Share of the SAR, by (b) the number of Shares with respect to which the SAR is exercised. The SAR Amount shall be paid within thirty (30) days following the date of exercise.
Settlement of SAR. The following provision supplements Section 2.3 of the Award Agreement: The SAR Amount due to Participant upon exercise of the SAR shall be paid by the Employer through local payroll. SAUDI ARABIA There are no country-specific terms and conditions. SOUTH AFRICA
Settlement of SAR. Upon exercise of all or a specified portion of a SAR, the Participant (or such other person entitled to exercise the SAR pursuant to this Award Agreement and the Plan) shall be entitled to receive from the Company, cash in an amount equal to the amount determined by multiplying:
Settlement of SAR. Upon exercise of the SAR as provided in Section 9 above, a Participant shall be entitled to receive from the Corporation that number of whole Shares equal in value to (i) the Fair Market Value of a Share on the date the Corporation receives the Notice of Exercise multiplied by the number of SARs being exercised, minus (ii) the base price of the SAR multiplied by the number of SARs being exercised. In addition, the Corporation shall be entitled to withhold from delivery to the Participant that number of Shares equal in value to the minimum amount of tax that is required to be withheld in connection with such SAR exercise, unless the Participant elects to pay the withholding tax in cash on the date of exercise of the SAR. Fractional Shares shall be disregarded. The SAR may be exercised only with respect to full Shares.
