Affiliated SAR definition

Affiliated SAR means an SAR that is granted in connection with a related Option, and which automatically will be deemed to be exercised at the same time that the related Option is exercised.
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Affiliated SAR means a SAR that is granted in connection with a related Option, and which will be deemed to automatically be exercised simultaneous with the exercise of the related Option.
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Affiliated SAR means a SAR that is granted in connection with a related Option, and which automatically will be deemed to be exercised at the same time that the related Option is exercised. The deemed exercise of an Affiliated SAR shall not necessitate a reduction in the number of Shares subject to the related Option.
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Examples of Affiliated SAR in a sentence

  • An Affiliated SAR shall be deemed to be exercised upon the exercise of the related Option.

  • The deemed exercise of an Affiliated SAR shall not necessitate a reduction in the number of Shares subject to the related Option.

  • The deemed exercise of an Affiliated SAR will not necessitate a reduction in the number of Shares subject to the related Option.

  • An Affiliated SAR will be deemed to be exercised upon the exercise of the related Option.

  • The grant of an Affiliated SAR shall reduce the number of Shares available for grant by the number of Shares subject to the SAR, in addition to the number of Shares subject to the related Option.

  • The Award Agreement shall also specify whether the SAR is an Affiliated SAR, Freestanding SAR, Tandem SAR, or a combination thereof.

  • An Affiliated SAR shall be deemed to be exercised upon the exercise of the Option to which the Affiliated SAR relates.

  • Such deemed exercise of an Affiliated SAR shall not reduce the number of Shares subject to the related Option.

  • Unless the Committee specifies otherwise in the Award Agreement, the Exercise Price specified in the Award Agreement will: [1] In the case of an Affiliated SAR, not be less than 100 percent of the Fair Market Value of a share of Stock on the Grant Date; [2] In the case of a Freestanding SAR, not be less than 100 percent of the Fair Market Value of a share of Stock on the Grant Date; and [3] In the case of a Tandem SAR, not be less than the Exercise Price of the related Option.

  • Instead, the value of the Affiliated SAR being exercised will be applied to reduce (but not below zero) the Exercise Price of the related Option.


More Definitions of Affiliated SAR

Affiliated SAR means an SAR that is granted in connection with a related Option and is deemed to be exercised at the same time as the related Option is exercised.
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Affiliated SAR means a SAR which is granted in connection with, and is related to, an Option, and which automatically will be deemed to be exercised at the same time that such related Option is exercised.
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Affiliated SAR means an SAR that is granted in connection with a related Option, and which automatically will be deemed to be exercised at
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Affiliated SAR means an SAR that is granted in connection with
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Affiliated SAR means a SAR granted in connection with an Option such that the exercise of the Option does not cancel the SAR, but rather results in the exercise of the SAR.
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Related to Affiliated SAR

  • Limited SAR means a right granted to a Participant under Section 6(c) hereof.

  • Freestanding SAR means an SAR that is granted independently of any Options, as described in Article 7 herein.

  • Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • NQSO means any Option that is not an ISO.

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • SAR means a stock appreciation right granted under the Plan.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • SARS means the South African Revenue Service.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Continuous Service means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a Participant’s Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law.