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Definitions by InvestorWords.com
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There are four types of stock appreciation right (SAR) grants:
  • Stock-Settled Stock Appreciation Right (SSR) – Employee receives stock upon exercise after the appreciation is calculated and taxes withheld.
  • Cash-Settled Stock Appreciation right (CSR) – Employee receives cash upon exercise after the appreciation is calculated and taxes withheld.
  • Incentive Stock Appreciation Right (ISR) – A tandem SAR that is tied to an incentive stock option and settled using a combination of cash and shares.
  • Non-Qualified Stock Appreciation Right (NSR) – A tandem SAR that is tied to a non-qualified stock option and settled using a combination of cash and shares.

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