GVHR » Topics » Stock Appreciation Rights

This excerpt taken from the GVHR DEF 14A filed Apr 17, 2008.

Stock Appreciation Rights

        A Stock Appreciation Right is the right to receive the net of the fair market price of a share of our common stock at the time of exercise and the exercise price of the right (which may not be less than the fair market value of our common stock at the time of the grant), either in cash or in shares of our common stock, in the future, as determined by the compensation committee. The compensation committee may provide that a Stock Appreciation Right is exercisable at the discretion of the holder or that it will be paid at a specific time or times or upon the occurrence or non-occurrence of events specified in the applicable Stock Incentive agreement.

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