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GWW » Topics » Payment of SAR Amount

This excerpt taken from the GWW 10-Q filed Aug 2, 2006.
Payment of SAR Amount. Upon exercise of an SAR, the Participant shall be entitled to receive payment of an amount determined by multiplying:

 

(a)   any increase in the Fair Market Value of a Share at the date of exercise over the Fair Market Value of a Share at the date of grant, by

 

 

(b)   the number of Shares with respect to which the SAR is exercised;

 

provided, however, that at the time of grant, the Committee may establish, in its sole discretion, a maximum amount per Share which will be payable upon exercise of an SAR.

7.4.  

"Payment of SAR Amount" elsewhere:

Arrow Electronics (ARW)
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