SAR Value definition
Examples of SAR Value in a sentence
Upon exercise, the holder of the SAR will be entitled to receive a sum of cash equal to the difference between the (i) the Exercise Date SAR Value ("V2"), minus (ii) the Grant Date SAR Value ("V1") multiplied by the number of SARs exercised, minus any applicable Section 16 Amount.
Consultant agrees to comply with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and laws and regulations imposed in other jurisdictions including those relating to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, for as long as Consultant is in possession of such material, non-public information about Supernus or its affiliates.
The SAR Value payable at the closing of the exercise of the SAR shall be payable within five (5) days of the final determination of the SAR Value pursuant to the terms hereof.
As promptly as practicable following each Exercise Date, the Company shall pay to the Participant an amount equal to the applicable SAR Value.
On the closing of the exercise of a SAR, the Company shall pay the SAR Value in cash, in immediately available funds (subject to Section 7 and Section 9) and SAR Holder shall execute a receipt evidencing the receipt of such payment and confirming the number of SARs not exercised and still held by SAR Holder.