MAC » Topics » 2. Exercise and Payment of Stock Appreciation Right .

These excerpts taken from the MAC 10-K filed Feb 27, 2009.

2.     Exercise and Payment of Stock Appreciation Right.

 

(a)   Exercise Procedures.  To the extent vested and exercisable, the Stock Appreciation Right may be exercised by the delivery to the Corporation of a written exercise notice stating the number of shares to be exercised pursuant to the Stock Appreciation Right accompanied by payment or provision for any applicable employment or other taxes or withholding for taxes thereon.  Subject to Section 6.4 of the Plan, the Stock Appreciation Right shall be deemed to be exercised upon receipt and approval by the Corporation of such written exercise notice accompanied by any payment or provision for payment so required.

 

2.     Exercise and Payment
of Stock Appreciation Right
.



 



(a)   Exercise Procedures.  To the extent vested and exercisable, the
Stock Appreciation Right may be exercised by the delivery to the Corporation of
a written exercise notice stating the number of shares to be exercised pursuant
to the Stock Appreciation Right accompanied by payment or provision for any
applicable employment or other taxes or withholding for taxes thereon.  Subject to Section 6.4 of the Plan, the
Stock Appreciation Right shall be deemed to be exercised upon receipt and
approval by the Corporation of such written exercise notice accompanied by any
payment or provision for payment so required.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009
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