CONSIDERING that the granting of shareholder valuation rights to the rights holder was ________genehmigt by decision of the organizing and remuneration committee (the “committee”) of the board of directors or, if applicable, by the company`s board of directors (the “board of directors”). Stock appreciation rights are entitled to the cash equivalent of a stock`s price gains over a predetermined time interval. Employers pay this kind of bonus almost always in cash. However, the company can pay the bonus of the staff in shares. In most cases, employees may exercise SARs after following THE SARs. If sars vest, it simply means that they are available to train. Employers typically spend SARs at the same time as stock options. These stock valuation rights are called tandem SAR. They help finance the purchase of options and help pay taxes due at the time of the SARs. Stock valuation rights (SARs) are a type of compensation for staff linked to the company`s share price for a period of time.

SARs are profitable for employees when the company`s share price increases, making them similar to employee stock options (OS). However, workers are not required to pay the exercise price with SARs. Instead, they receive the sum of the increase in shares or cash. 9. Effect of termination of the employment relationship or death. If the worker is placed on leave for more than twelve months (with the exception of leave authorized by the board of directors or committee) or, for whatever reason, he is no longer employed by the company, other than the death, which is part of the SARs, who did not exercise on the day the worker was no longer employed or placed on leave for more than twelve months (with the exception of an absence leave authorized by the committee) and that any non-exercised party of the SARs, which was at this date due on that date, expires earlier after (i) that the SAR failure was granted in accordance with the lifespan of the SARs based on the duration of the SARs for which the SARs were granted. , or (ii) three months from that date, except for a worker who is a “certified retiree” under the following definition. If the worker is a registered retiree, the SARs expire earlier after (i) the sequence of these RSAs according to their initial duration or (ii) at the end of a five-year period from the date of retirement. Notwithstanding the above rate, the retiree approved under this contract terminates when a registered retiree retires before and ends with the SAR of the 153s approved retiree with respect to the number of these MI shares granted under this agreement, based on the ratio of (a) the number of days after the retirement date of registered retiree 153 and, prior to , b) the number of days on the date and date of the grant and before . In the event of the death of a worker without authorized rest during the three (3) months following termination of employment or 12 months of leave (with the exception of leave authorized by the Board of Directors or committee), THE SARs are exercised by Employeee153`s personal representatives, heirs or omissions to the same extent and during the same period during which the worker could have exercised the SAR if the worker had not died.