Spinco SARs definition

Spinco SARs means stock appreciation rights with respect to Spinco Common Stock issued pursuant to the Spinco Transitional Plan. “Spinco Common Stock” means the Series A and Series B common stock, par value $.01 per share, of Spinco.
Sample 1

Examples of Spinco SARs in a sentence

  • From and after the Effective Time, Spinco Options, Spinco SARs and Spinco Restricted Stock, regardless of by whom held, shall be settled by Spinco pursuant to the terms of the Spinco Transitional Plan.

  • The obligation to deliver (i) shares of Spinco Common Stock upon the exercise of Spinco Options, (ii) cash or shares of Spinco Common Stock in settlement of Spinco SARs or (iii) shares of Spinco Common Stock upon vesting of shares of Spinco Restricted Stock shall be the sole obligation of Spinco, and LMC shall have no Liability in respect thereof.

  • Except as described herein, all other terms of the Spinco SARs and the Adjusted Liberty SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding Liberty SARs; provided, that the terms and conditions of exercise of the Spinco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.

  • Spinco agrees that, on and after the Effective Date, it shall use its reasonable efforts to cause to be effective under the Securities Act, on a continuous basis, a registration statement on Form S-8 with respect to shares of Spinco Common Stock issuable upon exercise of Spinco Options or settlement of Spinco SARs.

  • Except as described herein, all other terms of the Spinco SARs and the Adjusted Liberty Ventures SARs (including the vesting terms thereof) will, in all material respects, be the same as those of the corresponding Outstanding Liberty Ventures SARs; provided, that the terms and conditions of exercise of the Spinco SARs shall in any event be determined in a manner consistent with Section 409A of the Code.

  • The obligation to deliver (i) shares of Spinco Common Stock upon the exercise of Spinco Options, (ii) cash or shares of Spinco Common Stock in settlement of Spinco SARs or (iii) shares of Spinco Common Stock upon vesting of shares of Spinco Restricted Stock shall be the sole obligation of Spinco, and LIC shall have no Liability in respect thereof.

  • The Committee shall have the authority to grant only Substituted Spinco Options, Substituted Spinco RSUs and Substituted Spinco SARs under the Plan having the terms and provisions set forth in the Transaction Agreement.

  • In addition, the ratio of the exercise price of the Adjusted Plains Options to the fair market value of Plains common stock immediately after the Distribution Date, and the ratio of the exercise price of the Spinco SARs to the fair market value of Spinco common stock immediately after the Distribution Date, will both approximately equal the ratio of the exercise price of the Plains Options to the fair market value of Plains common stock (with dividend) immediately prior to the Distribution Date.

  • The Committee shall have the authority, to grant only Substituted Spinco Options, Substituted Spinco RSUs and Substituted Spinco SARs under the Plan, having the terms and provisions set forth in the Transaction Agreement.

Related to Spinco SARs

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • RemainCo shall have the meaning set forth in the Preamble.

  • SARS means the South African Revenue Service.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Company Equity Awards means the Company Options and the Company RSUs.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Stock Plans shall have the meaning set forth in Section 2.9(a).

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • Company Stock Option Plans has the meaning ascribed to it in Section 2.6(c).

  • Stock Awards means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • SpinCo Employee means any individual who, immediately following the Distribution Date, will be employed by Spinco or any member of the Spinco Group in a capacity considered by Spinco to be common law employment, including active employees and employees on vacation and approved leaves of absence (including maternity, paternity, family, sick, short-term or long-term disability leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).

  • SpinCo shall have the meaning set forth in the Preamble.

  • Company PSUs means any performance-based restricted stock units of the Company, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Parent RSU means each restricted stock unit representing the right to vest in and be issued shares of Parent Common Stock by Parent, whether granted by Parent pursuant to a Parent Equity Plan, assumed by Parent in connection with any merger, acquisition or similar transaction or otherwise issued or granted and whether vested or unvested.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Company RSU means each restricted stock unit representing the right to vest in and be issued shares of Company Common Stock by the Company, whether granted by the Company pursuant to a Company Option Plan, assumed by the Company in connection with any merger, acquisition or similar transaction or otherwise issued or granted and whether vested or unvested.