SAH 2019 Proxy Statement
Nonstatutory Stock Options 7KH JUDQW RI QRQVWDWXWRU\ VWRFN RSWLRQV JHQHUDOO\ VKRXOG KDYH QR IHGHUDO LQFRPH WD[ FRQVHTXHQFHV WR WKH &RPSDQ\ RU WKH RSWLRQ KROGHU 8SRQ WKH H[HUFLVH RI D QRQVWDWXWRU\ VWRFN RSWLRQ WKH RSWLRQ KROGHU ZLOO UHFRJQL]H RUGLQDU\ LQFRPH HTXDO WR WKH H[FHVV RI WKH IDLU PDUNHW YDOXH RI WKH DFTXLUHG VKDUHV RQ WKH GDWH RI H[HUFLVH RYHU WKH H[HUFLVH SULFH SDLG IRU WKH VKDUHV 7KH &RPSDQ\ JHQHUDOO\ ZLOO EH DOORZHG D IHGHUDO LQFRPH WD[ GHGXFWLRQ HTXDO WR WKH VDPH DPRXQW WKDW WKH RSWLRQ KROGHU UHFRJQL]HV DV RUGLQDU\ LQFRPH VXEMHFW WR GHGXFWLRQ OLPLWDWLRQV XQGHU 6HFWLRQ P RI WKH &RGH ,Q WKH HYHQW RI WKH GLVSRVLWLRQ RI WKH DFTXLUHG VKDUHV RI &ODVV $ &RPPRQ 6WRFN DQ\ DGGLWLRQDO JDLQ RU ORVV JHQHUDOO\ ZLOO EH WD[HG WR WKH RSWLRQ KROGHU DV HLWKHU VKRUW WHUP RU ORQJ WHUP FDSLWDO JDLQ RU ORVV GHSHQGLQJ RQ KRZ ORQJ WKH VKDUHV ZHUH KHOG Incentive Stock Options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tock Appreciation Rights 7KH JUDQW RI 6$5V JHQHUDOO\ VKRXOG KDYH QR IHGHUDO LQFRPH WD[ FRQVHTXHQFHV WR WKH &RPSDQ\ RU WKH UHFLSLHQW 8SRQ WKH H[HUFLVH RI 6$5V WKH UHFLSLHQW ZLOO UHFRJQL]H RUGLQDU\ LQFRPH HTXDO WR WKH DPRXQW RI FDVK UHFHLYHG DQG WKH IDLU PDUNHW YDOXH RI DQ\ VKDUHV RI &ODVV $ &RPPRQ 6WRFN UHFHLYHG 7KH &RPSDQ\ JHQHUDOO\ ZLOO EH DOORZHG D IHGHUDO LQFRPH WD[ GHGXFWLRQ HTXDO WR WKH VDPH DPRXQW WKDW WKH UHFLSLHQW UHFRJQL]HV DV RUGLQDU\ LQFRPH VXEMHFW WR GHGXFWLRQ OLPLWDWLRQV XQGHU 6HFWLRQ P RI WKH &RGH Restricted Stock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
Made with FlippingBook
RkJQdWJsaXNoZXIy NzIxODM5