Strike Price. The Strike Price of an SAR shall be determined by the Committee in its sole discretion; provided that, except in the case of Substitute Awards, the Strike Price shall not be less than 100% of the Fair Market Value of a Share on the Grant Date of the SAR.
Appears in 2 contracts
Sources: Incentive Plan (Peabody Energy Corp), 2015 Long Term Incentive Plan (Peabody Energy Corp)
Strike Price. The Strike Price of an a SAR shall be determined by the Committee in its sole discretion; provided thatprovided, except in the case of Substitute Awardshowever, that the Strike Price shall not be less than one hundred percent (100% %) of the Fair Market Value of a Share on the Grant Date of the SAR. Subject to the adjustment allowed in Section 4.2, or as otherwise permissible under Section 6.3, neither the Committee nor the Board shall have the authority or discretion to change the Strike Price of any outstanding SAR.
Appears in 2 contracts
Sources: Incentive Compensation Plan (Retrophin, Inc.), Incentive Compensation Plan (Retrophin, Inc.)
Strike Price. The Strike Price of an a SAR shall be determined by the Committee in its sole discretion; provided thatprovided, except in the case of Substitute Awardshowever, that the Strike Price shall not be less than 100% of the Fair Market Value of a Share on the Grant Date of the SAR.
Appears in 1 contract
Strike Price. The Strike Price of an a SAR shall be determined by the Committee in its sole discretion; provided thatprovided, except in the case of Substitute Awardshowever, that the Strike Price shall not be less than one hundred percent (100% %) of the Fair Market Value of a Share on the Grant Date of the SAR.
Appears in 1 contract