SAR Base Value definition
SAR Base Value means, with respect to a SAR, the Base Value (as defined in the SARs Plan).
Examples of SAR Base Value in a sentence
As of the Effective Time, each SAR that is then outstanding shall be cancelled and converted into the right to receive cash in an amount equal to the product of (i) the total number of Common Shares subject to the vested SAR, multiplied by (ii) the excess of (x) the Closing Common Share Price over (y) the SAR Base Value, which amount shall be paid in accordance with Section 2.9(b) (the “SARs Cash-Out Amount”).