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| Definitions by InvestorWords.com |
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Type 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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