Grant Price definition

Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.
Grant Price means the price at which a Participant may exercise his or her right to receive cash or Common Stock, as applicable, under the terms of an Award.
Grant Price means the price against which the amount payable is determined upon exercise of an SAR.

Examples of Grant Price in a sentence

  • The Grant Price for each grant of a SAR shall be determined by the Committee and shall be specified in the Award Agreement; provided, however, the Grant Price on the Grant Date must be at least equal to one hundred percent (100%) of the FMV of the Shares as determined on the Grant Date.

  • Each SAR Award shall be evidenced by an Award Agreement that shall specify the Grant Price, the term of the SAR, and such other provisions as the Committee shall determine.


More Definitions of Grant Price

Grant Price means the price established at the time of grant of an SAR pursuant to Article 7.
Grant Price means the price established as of the Grant Date of an SAR pursuant to Section 7 used to determine whether there is any payment due upon exercise of the SAR.
Grant Price means the Fair Market Value of a Share on the Grant Date for such option.
Grant Price means the Fair Market Value for one share of Stock as of the date of the grant of an Award. Grant price is not adjusted for any restrictions applicable to the Award.
Grant Price means the price per share of Common Stock at which an Appreciation Right not granted in tandem with an Option Right is granted.
Grant Price means the per share exercise price of a Stock Appreciation Right granted to a Participant under Section 7.
Grant Price means the price at which a SAR may be exercised by a Participant, as determined by the Committee and set forth in Section 7.1 herein.