Phantom Stock definition

Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

Phantom Stock means the right, granted pursuant to Section 9, to receive in cash or shares the Fair Market Value of a share of Company Stock.

Phantom Stock means Awards under Section 9.

Examples of Phantom Stock in a sentence

• Grantee and the Company also acknowledge that money damages would not be sufficient remedy for any breach of this Section 18 by Grantee, and the Company shall be entitled to enforce the provisions of this Section 18 by terminating any unvested Phantom Stock, taking action to recoup the value of any Phantom Stock already settled and paid to Grantee, and to specific performance and injunctive relief as remedies for such breach or any threatened breach.

• However, if it is determined that Xxxxxxx has not committed a breach of this Section 18, then the Company shall resume vesting of the Phantom Stock due under this Agreement and pay to Grantee all Phantom Stock that would have vested but had been suspended pending such determination.

• The provisions of this Section 18 shall survive any termination of the Agreement and settlement of Phantom Stock, and shall remain applicable to Grantee.

• Xxxxxxx’s right to receive settlement of the Phantom Stock shall be further conditioned upon his or her compliance with the provisions of this Section 18.

• In the event Grantee fails to comply with any of the provisions of this Section 18, Grantee shall repay to the Company any prior settlement of Phantom Stock subject to this Agreement and will forfeit any unvested Phantom Stock covered by this Agreement.

More Definitions of Phantom Stock

Phantom Stock means a hypothetical share of Common Stock issued as phantom stock under the Plan.

Phantom Stock means an Award granted under Section 6.9.

Phantom Stock means an Award under Section 10 hereof entitling a Participant to a payment at the end of a vesting period of a unit value based on the Fair Market Value of a share of Common Stock.

Phantom Stock means the right, granted pursuant to Section 11 of the Plan, to receive in cash the Fair Market Value of a share of Common Stock.

Phantom Stock means a right, granted to a Participant under Section 6(e) hereof, to receive Stock, cash or a combination thereof at the end of a specified deferral period.

Phantom Stock means an Award under Section 10 hereof entitling a Participant to a payment based on a measure of value expressed as a share of Common Stock (“Phantom Stock Unit”). No stock certificates shall be issued with respect to such Phantom Stock Units, but AEP shall maintain a bookkeeping account in the name of the Participant to which the Phantom Stock Units shall relate.

Phantom Stock means the hypothetical number of shares of the Bank’s common stock that could be purchased at an initial price. The Phantom Stock is used solely as a measurement tool; no Bank stock will be purchased, sold, registered, or issued in connection with this Agreement. The Director will not receive any stock or stock rights by virtue of this Agreement. The total number of Phantom Stock shares outstanding shall be One Million Three Hundred Sixty Thousand (1,360,000).