Amended SAR Program definition

Amended SAR Program means the stock appreciation rights plan of the Company adopted in May 1996 as amended thereafter in connection with the initial public offering of Common Stock.
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Examples of Amended SAR Program in a sentence

  • In the fourth quarter of 1997, the Company will incur a charge related to its Amended SAR Program (as defined herein) which will be based on the lower of the initial public offering price per share or the Company's stock price at December 31, 1997.

Related to Amended SAR Program

  • Award Transfer Program means any program instituted by the Committee which would permit Participants the opportunity to transfer any outstanding Awards to a financial institution or other person or entity approved by the Committee.

  • Option Exchange Program means a program whereby outstanding Options are surrendered in exchange for Options with a lower exercise price.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.