Grant of Phantom Stock Units. The Phantom Stock Units shall be granted upon acceptance hereof by the Employee. The Employee acknowledges and agrees that this award of Phantom Stock Units shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control.
Grant of Phantom Stock Units. Pursuant to, and subject to, the terms and conditions set forth herein and in the Program, the Committee hereby grants to the Participant the number of Phantom Stock Units set forth on the Grant Schedule.
Grant of Phantom Stock Units. The Company, by action of the Board taken solely by the Applicable Directors, hereby grants to the Director, as of the date hereof, 45,760 Phantom Stock Units, on the terms and conditions hereinafter set forth. The Phantom Stock Units represent the unfunded, unsecured right of the Director to receive a cash payment of the “Settlement Value” (as defined below) on the “Payment Date” (as defined below). For purposes of this Agreement, “Settlement Value” shall be defined as the product of the number of Phantom Stock Units subject to this Agreement and the closing price on the New York Stock Exchange of a share of the Company’s common shares (a “Share”) on December 31, 2013.
Grant of Phantom Stock Units. Under the terms of the Plan, the Corporation has awarded to the Participant an award of Phantom Stock Units, effective as of the Award Date and subject to the terms, conditions, and restrictions set forth in the Plan and in this Agreement.
Grant of Phantom Stock Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee XXXXXXX Phantom Stock Units as described herein (the “Phantom Stock Units”). Each Phantom Stock Unit shall represent an unsecured promise of the Company to deliver payment as set forth in Section 5 herein. As a holder of Phantom Stock Units, the Grantee has the rights of a general unsecured creditor of the Company unless and until the Vesting Payment (as defined in Section 5) is paid out to Grantee, as set forth herein.
Grant of Phantom Stock Units. Subject to the vesting and other terms and conditions set forth in this Agreement, the Employee is hereby awarded a target number of <<Number>> Phantom Stock Units; provided, that, the number of Phantom Stock Units that the Employee may earn pursuant to this Award shall range from <<Range>> of the target number Phantom Stock Units depending on the Company’s performance during the performance period that begins <<Performance Period>> (the “Performance Period”), as determined by the Committee in accordance with the performance conditions set forth in Exhibit A. Any Phantom Stock Units that are not earned in accordance with the immediately preceding sentence or Section 4(b) will terminate and be cancelled effective as of the last day of the Performance Period.
Grant of Phantom Stock Units. Immediately prior to the Closing Date, or, if the Transaction is not consummated, then at a grant date determined by the Board, the Company shall grant to the Executive a right to receive a cash payment equal to the value of ___________ shares of common stock of the Company, which has a grant date value of [$___________] (the “Phantom Stock Award”) equal in value to [$___________]. The Phantom Stock Award shall have the same terms and conditions as the Restricted Stock Unit Award, except that the Phantom Stock Award shall be settled in cash.]
Grant of Phantom Stock Units. Effective as of the Date of Grant identified above, the Company has granted and issued to you an Award of PSUs. The number of PSUs subject to the Award is identified above as the Total Number of PSUs. Each vested PSU represents the right to a cash payment upon vesting of the PSU equal to the Fair Market Value on the vesting date of one share of the Company's Common Stock, determined as of the vesting date. You have no right to receive shares of Common Stock of the Company under this Award.
Grant of Phantom Stock Units. Effective [—], the Company hereby grants to the Participant an Award consisting of the total number of Phantom Stock Units specified on the Term Sheet (the “PSUs”), subject to the terms, conditions and restrictions set forth in the Plan and in this Agreement. The Participant shall also be entitled to receive Dividend Equivalents on the PSUs, which shall be paid to the Participant at the same time as the related dividend or distribution is paid on Common Stock, but no later than March 15 of the year following the year in which the record date for the related dividend or distribution occurs. The definition of all capitalized terms used in this Agreement and not otherwise defined herein shall be as provided in the Plan.
Grant of Phantom Stock Units. Subject to the terms and conditions set forth herein and in the Company’s 1999 Equity Incentive Plan, as restated as of March 13, 2002 and thereafter amended (the “Plan”), the Company hereby grants to the Participant, effective as of the Grant Date, Phantom Stock Units with respect to 250,000 shares of Common Stock. Each Phantom Stock Unit shall represent the right to receive one share of Common Stock subject to the terms and conditions set forth herein.
