SAR Recipient definition

SAR Recipient means a Participant who has been granted an SAR.
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SAR Recipient means a Person who has received a grant of Units (as defined in the SAR Plan) pursuant to the SAR Plan that has not expired or been forfeited or exercised in full prior to the Effective Time.
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SAR Recipient means any Optionee who is selected by the Committee in accordance with Section 17 also to receive any Tandem Stock Appreciation Rights.
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Examples of SAR Recipient in a sentence

  • The amount distributable to a SAR Recipient upon Death and not subject to such a designation shall be distributed to the SAR Recipient's estate.

  • A designation of beneficiary may be replaced by a new designation or may be revoked by the SAR Recipient at any time.

  • By accepting this SAR, Recipient expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Awards to Recipient.

  • The SAR Recipient hereby acknowledges that administrative fees, such as fees related to the real-time exercise of the SARs, apply to the Award under this Agreement and shall reduce the compensation otherwise payable to the SAR Recipient.

  • If any SAR Recipient wishes to forfeit its entitlement to a SAR Payment under the SAR Plan upon the Closing, such forfeited amount may instead be made payable prior to Closing and paid out as a bonus to employees of the Group Companies in the discretion of the Chief Executive Officer of the Company in consultation with Buyer.

  • The SARs are not transferable by the SAR Recipient otherwise than by will or by the laws of descent and distribution.

  • The SAR Recipient hereby acknowledges receipt of a copy of the Plan, agrees to be bound by all the terms and provisions of the Plan and this Agreement, and understands that in the event of any conflict between the terms of the Plan and of this Agreement, the terms of the Plan shall control.

  • The SARs are exercisable during the lifetime of the SAR Recipient only by the SAR Recipient.

  • A designation or revocation shall be on a form to be provided for that purpose and shall be signed by the SAR Recipient and delivered to the Corporation prior to the SAR Recipient's Death.

  • No Material Adverse Change...............................................................63 SECTION 4.07.

Related to SAR Recipient

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.