Examples of SAR Payment in a sentence
Payment of the SAR Payment Amount may be made in the discretion of the Committee solely in whole Shares having an aggregate Fair Market Value equal to the SAR Payment Amount, solely in cash or in a combination of cash and Shares.
Income [MPP Section 44-101(a)(SAR) Reasonably anticipated income is defined as income expected to be available to or received by an applicant/recipient, and available to needy members of the family in meeting their needs during the SAR Payment Period.
The Participant shall be required to deposit with the Company an amount of cash equal to the amount determined by the Company to be required with respect to any withholding taxes, FICA contributions, or the like under any federal, state, or local statute, ordinance, rule, or regulation in connection with the issuance of shares of Common Stock for the SAR Payment Value.
In the case of a Payment Event other than a Change in Control, any SAR Payment shall be paid to you (or, upon your death, to your beneficiaries) on the date that is thirty (30) calendar days following the date of the applicable Payment Event (or if such payment date is not a business day, the next business day), in cash by check or wire transfer of available funds to an account designated in writing by you.
The SAR Payment Value shall be paid to the Participant in shares of Common Stock This SAR may not be exercised for less than one (1) SAR or the number of whole SARs remaining under this Award, whichever is smaller.
Without limiting any other withholding arrangements or procedures of the Company, the Company may withhold from any SAR Payment such federal, state or local taxes and any other amounts as will be required to be withheld pursuant to any applicable laws or regulation.
Alternatively, the Company may, at its sole election, (i) withhold the required amounts from the Participant’s pay during the pay periods next following the date on which any such applicable tax liability otherwise arises, or (ii) withhold a number of shares of Common Stock otherwise deliverable having a Fair Market Value sufficient to satisfy the statutory minimum of all or part of the Participant’s estimated total federal, state, and local tax obligations associated with payment of the SAR Payment Value.
In the case of a Payment Event that is a Change in Control, any SAR Payment shall be paid to you on the date of the Payment Event, conditioned upon the consummation of such Payment Event, in cash by check or wire transfer of available funds to an account designated in writing by you.
The Employee acknowledges and agrees that the Company may refuse to honor the exercise and refuse to make the SAR Payment required under this Agreement if such amount is not delivered at the time of exercise.
The Annual Bonus, SAR Payment and Phantom Stock Payment portions of the Annual Deferral Amount shall be withheld at the time the Annual Bonus, SAR Payments and/or Phantom Stock Payments are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.