SAR Certificate definition

SAR Certificate shall have the meaning given to it in Section 7.3.
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SAR Certificate means a certificate issued to an Optionholder under rule 2;
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Examples of SAR Certificate in a sentence

  • A SAR Certificate shall be issued by the Plan Sponsor in the name of the SAR Holder and in such form as may be approved by the Committee.

  • If no SAR Period is stated in the SAR Certificate, the SAR Period shall end on the day immediately preceding the 10th anniversary of the date of grant.

  • The SAR Certificate shall incorporate and conform to the conditions in the Plan as well as any other terms and conditions that are not inconsistent as the Committee may consider appropriate.

  • Each SAR Certificate shall state the Fair Market Value of a Share from which appreciation of the SAR will be measured.

  • If the SAR Certificate does not specify the period of time following termination of service during which SARs may be exercised, the time periods in this Subsection shall apply.

  • Each SAR Certificate shall state the period of time, determined by the Committee, within which the SAR may be exercised by the SAR Holder (the “SAR Period”).

  • The SAR Certificate shall also set forth any restrictions on SAR exercise during the SAR Period, if any, as may be determined by the Committee.

  • The Committee may specify the period, if any, after which an SAR may be exercised following termination of the SAR Holder’s services in the SAR Certificate.

  • Each SAR Certificate shall state that it covers a specified number of Stock Appreciation Rights, as determined by the Committee.

  • The SAR holder who has any SAR Certificate reissued shall reimburse the Company for all the actual cost for such reissuance upon the delivery of such reissued certificate.