SAR Units definition

SAR Units means appreciation units issued under the SAR Plan.
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SAR Units means the share appreciation right units under the SAR Plan.
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SAR Units means outstanding stock appreciation right units issued under the Company SARs Plan.
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Examples of SAR Units in a sentence

  • The Exercise Value of the exercised SAR Units, less Tax-Related Items, shall be converted into a number of whole shares of Georgia-Pacific Stock based upon the Fair Market Value of Georgia-Pacific Stock on the date of exercise, with any remaining Exercise Value applied as additional tax withholding for the Participant’s benefit.

  • Except as otherwise provided in this Agreement, in the case of a Disability Retirement Date which occurs after a Participant’s termination of employment with the Corporation, no Vesting Date will occur, and no SAR Units may vest, following termination of employment with the Corporation.

  • During such period, the SAR Units may be exercised on any date (each an "EXERCISE DATE") as to all or part to the extent then exercisable.

  • The Executive further agrees and acknowledges that the Company is not, and shall not be, restricted or limited in any manner from engaging in any transactions that may have dilutive effects, entering into or modifying any financing agreements that restrict or limit payments of dividends, reorganizations or recapitalizations, or otherwise taking any actions that may affect the SAR Units granted hereunder.

  • Such notice shall specify the number of SAR Units that are being exercised and the effective date of the proposed exercise.

  • Subject to the terms and conditions of this Agreement, the Corporation hereby grants a stock SAR award to the Participant with respect to the number of SAR Units set forth on the first page of this Agreement.

  • If the Participant terminates employment with the Corporation or a Subsidiary on his or her Disability Retirement Date, the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the third anniversary of the Participant’s Disability Retirement Date.

  • If the Participant terminates employment with the Corporation or a Subsidiary on his or her Normal Retirement Date, the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the fifth anniversary of the Participant’s Normal Retirement Date.

  • Notwithstanding anything in this Agreement to the contrary, if the Corporation terminates the Participant’s employment for Cause prior to a Change of Control, this Agreement shall be terminated and all then outstanding SAR Units granted to the Participant under this Agreement shall be forfeited, regardless of whether a Vesting Date has occurred on or before such termination date, unless and to the extent that the Corporation determines that such forfeiture would violate applicable law.

  • The Company hereby grants to the Executive 500,000 SAR Units ("Units") representing 500,000 shares of Sprint Common Stock.