Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.
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).
SAR means a stock appreciation right granted under the Plan.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Employee Option means an Option granted pursuant to Section 5.
Reload Option means any Option granted under Section 6(a)(iv) of 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.
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Parent Stock Option means any option to purchase Parent Common Stock.
Company Option means an option to purchase shares of Company Common Stock.
Unvested Company Option means any Company Option that is not a Vested Company Option.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.
Parent Option means an option to purchase shares of Parent Common Stock.
Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.
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.
Optioned Stock means the Common Stock subject to an Option.
Substitute Award means an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right.
Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.
Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.
SARS means the South African Revenue Service.
INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.
Nonqualified Option means any Option that is not an Incentive Stock Option.
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Limited SAR means a right granted to a Participant under Section 6(c) hereof.