SAR Unit definition

SAR Unit means a bookkeeping entry maintained by the Company on the Company’s books and records for each share of Common Stock with respect to which a Participant has a SAR.
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SAR Unit means a basic unit of measurement of a conditional right that a Participant has in the appreciation in value of a hypothetical share of Common Stock as provided in this Plan and in the Participant’s Award Agreement.
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SAR Unit means a right to receive, subject to and in accordance with the terms of the Plan and the Grant Agreement that awarded the SAR Unit, appreciation in the value of one share of Class B Common.
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Examples of SAR Unit in a sentence

  • After the Base Price has been reduced to zero, then for the balance of the Liquidating Distribution that reduced the Base Price to zero and for each Liquidating Distribution thereafter declared and paid, the Executive shall receive an amount equal to the amount which would be distributed to him if he held one share of Stock for each SAR Unit not previously exercised as of or prior to the record date for such Liquidating Distribution.

  • When the SAR is exercised, the Corporation or its Agent shall calculate the excess, if any, of the Exercise Value for a SAR Unit over the Grant Value for such SAR Unit, multiplied by the number of SAR Units which have been exercised (the “Exercise Value”).

  • The SAR Units may be exercised only once with respect to each SAR Unit.

  • Within fifty (50) days after the Last Unvested Option/SAR Unit Date and subject to Section 2.11, NYX shall calculate the Terminated SAR Unit Distributions, if any, to be made to each Combined Holder, and shall provide the Seller Representative with a summary of the Terminated SAR Unit Distributions and the names of the applicable Combined Holders.

  • Unless a SAR Unit has been exercised prior thereto, such SAR Unit shall expire on November 30, 2020 and Grantee shall have no further rights thereunder.

  • Upon the exercise of all or a portion of an SAR in accordance with the terms and conditions of the applicable Award Agreement, the Company shall make a payment to the Participant in cash equal to the excess, if any, of the Exercise Value of each SAR Unit with respect to which the SAR is exercised over the Grant Value for such SAR Unit.

  • The Company, to the extent permitted or required by law, shall have the right to deduct from any payment of any kind otherwise due to Grantee, whether or not made pursuant to this Agreement, any federal, state or local taxes of any kind required by law to be withheld with respect to crediting of or payment for any SAR Unit.

  • Following the Closing, the vesting of an unvested Substituted SAR Unit shall be contingent on the holder’s continued service to the Company, NYX or an Affiliate thereof, as applicable, in accordance with the vesting terms of such unit immediately prior to the Closing, which shall remain in effect after Closing.

  • Within sixty (60) days after the Last Unvested Options/SAR Unit Date, NYX shall distribute to the Seller Representative an amount equal to the sum of the Terminated SAR Unit Distributions payable to the Combined Holders.

  • The SAR Units received hereunder shall vest in equal annual increments over a four (4) year period from the date of the grant and shall be subject to the general terms and conditions of the SAR Unit Agreement provided under the Plan.


More Definitions of SAR Unit

SAR Unit means “a mobile resource composed of trained personnel and provided with equipment suitable for the conduct of search and rescue operations.” Providers of SAR Units are commonly different entities to providers of SAR coordination services. Recognizing that provisions relating to airborne carriage of equipment by SAR Units may not be of immediate relevance to a provider responsible for SAR coordination, (to which the greater number of this Subset of SAR regulations apply), and that they are, nonetheless, critically important for safe, timely and effective SAR operations, this sub-set of regulations is presented as a separate appendix to CAR Part VIII, Subpart 8.
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SAR Unit means a bookkeeping entry, credited to a SAR Unit Account established by the Company on behalf of Grantee. Each SAR Unit is equivalent to the appreciation in value of one share of Common Stock, without transferring to Grantee any of the attributes of ownership of a share of the Company’s Common Stock. The “SAR Unit Account” shall be the record of SAR Units granted to Grantee hereunder. The SAR Unit Account is solely for accounting purposes and shall not require a segregation of any Company assets.
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SAR Unit means a notional unit credited to a Participant under the SAR Plan by means of a book-keeping entry by the Corporation;
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Related to SAR Unit

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;