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Document Id : 4332
File Type : Microsoft Word
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USA Stock Appreciation Rights Plan for Non-Employee Directors
Create a Stock Appreciation Rights (SAR) Plan for non-employee directors of a USA company with this ready-to-use template.
- The longer the service of the participant, the more SAR Rights are vested.
- Rights become fully vested upon the death, disability or retirement of a participant, or upon a merger, consolidation or disposition of substantially all of the company's assets.
- Upon any subdivision or reorganization of the share capital of the company, the number of SARs under the Plan will be adjusted proportionally.
- Rights under the Plan are not transferrable.
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