Supercuts 2004 Annual Report Download - page 123

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permissibly transferred; provided that only one of the foregoing shall be the Representative at any point in time as determined under applicable
law and recognized by the Committee.
2.27 “Restricted Stock” means Common Stock granted to a Participant under Section 8.1 hereof and which is subject to certain restrictions
and to a risk of forfeiture or repurchase by the Company.
2.28 “Rule 16b-3” mean s Rule 16b-3 , as from time to time in effect and applicable to the Plan and Participants, promulgated by the
Commission under Section 16 of the Exchange Act.
2.29 “Stock Appreciation Right” means a right granted under Article VII.
2.30 “Stock Option” or “Option” means a right, granted to a Participant under Section 6.1 hereof, to purchase Common Stock at a specified
price during specified time periods.
2.31 “Termination of Employment” means the occurrence of any act or event whether pursuant to an employment agreement or otherwise
that actually or effectively causes or results in the person’s ceasing, for whatever reason, to be any and all of an officer or employee of the
Company or of any Affiliate, or to be any and all of an officer or employee of any entity that provides services to the Company or an Affiliate,
including, without limitation, death, Disability, dismissal, severance at the election of the Participant, retirement, or severance as a result of the
discontinuance, liquidation, sale or transfer by the Company or its Affiliates of a business owned or operated by the Company or its Affiliates.
With respect to any person who is not an employee with respect to the Company or an Affiliate (such as a non-employee member of the
Board), the Agreement shall establish what act or event shall constitute a Termination of Employment for purposes of the Plan. A Termination
of Employment shall occur with respect to an employee who is employed by an Affiliate if the Affiliate shall cease to be an Affiliate and the
Participant shall not immediately thereafter become an employee of the Company or an Affiliate.
In addition, certain other terms used herein have definitions given to them in the first place in which they are used.
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