SAR Base Price definition

SAR Base Price means, as to any Stock Appreciation Right, the price per share of Common Stock designated as the base value above which appreciation in value is measured.

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SAR Base Price means the Fair Market Value of a Share on the date an SAR was granted, or if the SAR was granted in tandem with an Option (whether or not the Option was granted on a different date than the SAR), in the Committee's discretion, the option price of a Share subject to the Option.

SAR Base Price means the Fair Market Value of a Share on the date an SAR was granted.

Examples of SAR Base Price in a sentence

The Tandem SAR constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant a combination of Shares and cash (as determined by the Committee, in its discretion, subject to the provisions of this Section 3) at the time such Tandem SAR is exercised, equal in value to the excess, if any, of the Fair Market Value per Share over the SAR Base Price per Share of the Tandem SAR.
The SARs represent the right, upon exercise, to receive a number of Shares with a fair market value, determined on the date of exercise, equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) the excess of (A) the fair market value of a Share as of the date of exercise over (B) the SAR Base Price specified below.
The SAR represents the right, upon exercise, to receive [either cash or] a number of shares of Common Stock [, or a combination of cash and shares of Common Stock,] with a Fair Market Value on the date of exercise equal [, in each case,] to the product of (i) the aggregate number of shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the SAR Base Price specified above.
This SAR represents the right, upon exercise, to receive a number of Shares with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) excess of (A) the Fair Market Value of a Share as of the date of exercise over (B) the SAR Base Price specified above.
The number of Shares subject to the SARs is Number of SARs. The SARs represent the right, upon exercise, to receive a number of Shares with a fair market value, determined on the date of exercise, equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) the excess of (A) the fair market value of a Share as of the date of exercise over (B) the SAR Base Price specified below.
The SAR represents the right, upon exercise, to receive either cash or a number of shares of Common Stock, or a combination of cash and shares of Common Stock, with a Fair Market Value on the date of exercise equal, in each case, to the product of (i) the aggregate number of shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the SAR Base Price specified above.
This SAR represents the right, upon exercise, to receive a number of Shares with a Fair Market Value on the date of exercise equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a Share as of the date of exercise over (B) the SAR Base Price specified above.
The SARs represent the right, upon exercise, to receive a number of Shares with a Fair Market Value, determined on the date of exercise, equal to the product of (i) the aggregate number of Shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a Share as of the date of exercise over (B) the SAR Base Price specified below.
This SAR represents the right, upon exercise, to receive either [cash or] a number of shares of Common Stock, [or a combination of cash and shares of Common Stock,] with a Fair Market Value on the date of exercise equal [, in each case,] to the product of (i) the aggregate number of shares with respect to which this SAR is exercised and (ii) the excess of (A) the Fair Market Value of a share of Common Stock as of the date of exercise over (B) the SAR Base Price specified above.
The vesting dates and base prices for the SARs and RSUs shall be as follows: Vesting Date SARs Vesting SAR Base Price RSUs Vesting 12/10/2011 110,000 FMV 10,000 6/10/2012 55,000 FMV x 1.1 5,000 6/10/2013 55,000 FMV x 1.2 5,000 6/10/2014 55,000 FMV x 1.3 5,000 6/10/2015 55,000 FMV x 1.4 5,000 “FMV” shall equal the New York Stock Exchange (the “NYSE”) closing price of Delek US Holdings, Inc.

More Definitions of SAR Base Price

SAR Base Price means, as to any Stock Appreciation Right, the price per share of Common Stock designated as the base value above which appreciation in value is measured, which price shall not be less than the Fair Market Value of a share of Common Stock on the Date of Grant.

SAR Base Price means the amount for each Grant as specified in the relevant Grant Agreement, subject to any adjustment that may be made following the Grant Date in accordance with the terms of this Plan. With respect to any Tandem SAR, the SAR Base Price shall be the same as the Exercise Price of the Reference Option.

SAR Base Price means the price from which the Appreciation is to be computed for the purposes of SARs.